Principal Introduces Beneficiary Planning Tool

August 14, 2008 ( - A new beneficiary planning tool from Principal Funds aids financial professionals in helping their clients design a personal and effective wealth transfer strategy while avoiding large and potentially unnecessary tax bills.

The beneficiary planning guide for financial professionals includes tips on how to:

  • conduct a comprehensive beneficiary review using a simple checklist,
  • maintain timely contact with clients,
  • organize a family meeting, and
  • host a beneficiary planning seminar to reach a larger audience.

In addition, a guide for financial professionals to share with investors features a one-page, quick-reference chart that compares how different beneficiaries are affected by their choice of distribution when IRA assets are transferred. The guide also answers questions on how to:

  • properly designate beneficiaries,
  • preserve assets for beneficiaries, and
  • manage tax-deferred growth, taxes and penalty issues.

Financial professionals can call 800-787-1621 (800-451-5447 for Princor Registered Representatives) or visit for more information.