How do I add a beneficiary to my IRA account?

 

Desktop

1. Click “View Account Settings” 

M1 Finance web account screen showing how to view account setting on top right

2. Click “Beneficiaries” 

M1 Finance web account screen showing settings where you can select beneficiaries

 

3. Click “Add Beneficiary”

M1 Finance web account screen showing add beneficiary button

4. Enter the Beneficiary information 

 

M1 Finance web account screen enter beneficiary information

5. Click “Submit” to save your beneficiary 

M1 Finance web account screen save your beneficiary

If you'd like to add beneficiaries to more than one retirement account, please fill out the form for each account in question (even if the beneficiaries remain the same). 

M1 Finance web account screen add multiple beneficiaries

Please keep in mind that the total of the "% Share" portions for all beneficiaries must equal 100%, no decimals or fractions can be accepted.  

For example: if you would like to add three beneficiaries, they could be allocated a 33%, 33%, and 34% share, respectively. 33.33%, 33.33%, and 33.33% would not be acceptable. 

 

You can also send in a IRA Beneficiary form attached below to our support team to list your beneficiaries. 

This will have to be performed on your desktop, as this feature is not currently available on mobile. 

 

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