Gifts
of Retirement Assets
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Did
you know that your retirement plan assets could
be facing double taxation?
Many of our friends and donors
are surprised to learn that their retirement plan
assets (IRA), 401(k), KEOGH, or other qualified
profit sharing or pension plans may be subject
to as much as 40% combined tax.
Through
careful planning, you can preserve the
value of your retirement assets by using them
to support your favorite charities. This will
allow you, not the government, to choose how a
measurable portion of your lifetime savings is
used.
If you are contemplating making a gift to Gospel for Asia, please examine
the benefits of using your retirement plan assets
for charitable giving and consider other assets
to benefit your children and other heirs.
The rules governing the naming of a charitable
institution as a beneficiary of retirement
plan assets are complex. Considerable care must
be taken to evaluate the best way to structure
your gift prior to finalizing your estate plans.
We
recommend that you consult a PhilanthroCorp Estate
Specialist with expertise in this area.
Please call 800-876-7958 ext 2127
or email (click
here)
Importance
of Estate Planning
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Information
on this site is NOT intended for legal advice.
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Planned Giving
