Name a Charitable Beneficiary for Retirement Assets

Naming a charity such as the Columbus Jewish Foundation as a beneficiary of your retirement plan is easy to do. It also is a way to make a significant gift that may not have been possible during your lifetime.   You can designate the Foundation as a beneficiary of your retirement plan, whether it is a 401(k), 403(b), IRA, or other qualified retirement program. These assets could be taxed at high rates upon your death. Estate taxes may be due in addition to the taxes your heirs may pay on the income in respect of the decedent. For these reasons, many advisors recommend retirement plan assets as the first to be designated for charitable purposes.  Contact us at 614-338-2365.  We can “run the numbers” on a variety of scenarios and work in tandem with your financial advisor.

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