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  1. MarylandSaves
  2. Frequently Asked Questions
  3. Saver FAQs

What happens to my money if I die with no named beneficiaries?

If you die and have no named beneficiaries, the account will be payable to your estate under the terms of the IRA. Accounts that become unclaimed property will be subject to applicable law.

Articles in this section

  • How are my contributions made?
  • Will services be available in other languages?
  • Is there a limit to how much I can contribute?
  • Is my contribution pre-tax or post-tax?
  • What is the default contribution rate?
  • I’m self-employed. Can I set up my own MarylandSaves account?
  • Where do my contributions go?
  • Are there income limits to participate in MarylandSaves?
  • Is investing in MarylandSaves WorkLife Savings Account the same as putting money in a bank?
  • Is there a minimum retirement age for MarylandSaves?
See more

Related articles

  • Can employers match employee contributions?
  • Is investing in MarylandSaves WorkLife Savings Account the same as putting money in a bank?
  • Is my employer required to offer the MarylandSaves WorkLife Savings program?
  • Can I make withdrawals? 
  • How Do I Sign In to My Account?
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