Can I setup a Payable On Death account on any account I own?

A Payable On Death (POD) is designed for demand deposit accounts that include checking, savings, and money market accounts. Additionally, you may add a POD to a Certificate of Deposit.

However, accounts like an IRA or 401(k) have their own separate beneficiary rules that permit a beneficiary, but not a POD. As said, these carry their own rules, and you should review these rules to see specific boundaries you may have for each.

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