When You Open a Retirement Account,you Must Sign a Beneficiary

question 238

True/False

When you open a retirement account,you must sign a beneficiary designation form.This designation does not take precedence over provisions stated in a will.

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Definitions:

Levels Of Processing

A theory in cognitive psychology that suggests information can be remembered more or less well, depending on the depth at which it is processed.

Schema

According to Piaget, a hypothetical mental structure that permits the classification and organization of new information.

Retrograde Amnesia

A memory disorder where an individual is unable to recall information that was learned or experienced before a specific event or point in time.

Infantile Amnesia

A psychological phenomenon where an individual is unable to recall events from early childhood.