You filled out your retirement account beneficiary forms and have kept them up to date. You named your children as your death beneficiary. But who receives any remaining retirement funds if your child dies before all the funds are paid out? If you assume your grandchildren, you are making an incorrect assumption. If you want your grandchildren to inherit, more estate planning is needed than filling out beneficiary forms and keeping them up to date.
Contact me for a consultation and we can discuss the options available for your hard earned retirement savings.