Getting
Started: Gifts of Retirement Plan Assets
Like many Americans, you are probably aware that the accumulation
of assets in your retirement plan is the basis for a financially
secure future. To preserve your retirement assets after your
lifetime, consider the benefits of using them in a totally
different way.
Retirement
Benefits: Who Gets the Rest?
You benefit from your retirement plans as long as you live. After
that, who gets the remainder?
Know Your
Retirement Plan Taxation
Retirement plan assets are favored in our tax code. These plans
include pension plans, profit-sharing plans, stock bonus plans,
401(k) plans, 403(b) plans and IRAs. Their earnings grow tax
deferred, and often the contributions are made with pretax dollars.
The absence of these two taxes can enhance the size of your fund
substantially over time.
Preserve
Your Retirement Plan Assets
And Shield Your Heirs From Undue Taxes
Do you have a significant amount of money in an employee benefit
plan, an IRA or a tax-sheltered annuity?
Estate
Planning With Bequests
You have several smart choices to direct the maximum inheritance to
loved ones after you are gone. But if your estate is sizable,
minimizing the federal estate tax stands head and shoulders above
all others.
For additional information on gift planning, contact Susan
Damiani, Director of Gift Planning, at (718) 990-7562 or e-mail damianis@stjohns.edu