Enjoy Retirement, Then Leave Your IRA to a Good Cause!

People who own IRAs and other retirement accounts are often shocked to learn that 65% to 70% of their accounts can be lost to taxes at their deaths.  A combination of “death taxes” and income taxes can virtually confiscate your savings, leaving little remaining for your heirs.  You can leave your IRA to benefit our programs, however, and escape taxes 100%.  It’s also possible to use your IRA to benefit both family members and our future, with excellent tax results.

Retirement death benefits can be transferred to a trust that would pay income for 10, 15 or 20 years to a beneficiary, with eventual benefit to our programs.  The trust would greatly reduce any federal estate taxes, and any income taxes – state or federal – would be minimized upon your death.  You can also designate an IRA to provide a gift annuity for a spouse, friend or family member.  Ask us for details.

If you want part or all of your IRA to pass for our benefit, simply contact the administrator of your IRA for a new beneficiary form.  At the very least, consider giving your heirs the option to “disclaim” (decline) a bequest of retirement benefits so that they would pass to us, instead.  Heirs who realize the severity of taxes may find it more satisfying to have retirement assets go 100% to a good purpose. We hope you will consider making us a beneficiary of your retirement plan and that you will share your good news with us.