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micha8st t1_iuicwez wrote

you mean lying?

Married / Single doesn't really matter much to the IRA or the Financial Institution. IRAs are held singly anyway.

All checking "single" affects is what happens if you die. You're supposed to specify a beneficiary for the IRA for when you die. The primary beneficiary should be your spouse. Your financial institution probably just wants to know about your marital status so they can get the primary beneficiary correct. If you are married and don't put your spouse, they might want documentation that your spouse is okay with not being the primary beneficiary.

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kap080589 OP t1_iuimc75 wrote

Yes, lying! Thank you for your answer!!

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micha8st t1_iuj1oe3 wrote

The way you responded makes me think it's your spouse doing the lying.

If you are the primary beneficiary, it doesn't really matter. Also, did the "liar" actually lie, or fail to update information after marriage? A lie of omission.....

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kap080589 OP t1_iukbmh7 wrote

It’s not me, a friend! And we don’t know exactly. His mom handles all that abt it’s just interesting they’ve been married for 7 years and it’s never updated. He’s been up to some shady things so we’re wondering if that meant anything

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