Español

NOTICE: Your browser may not be fully supported by this website. Please go to Browser Support for more information.

Text Resize
Print This
Email This
Request Illustration
Download Brochure

What Will You Do with Your Unspent Retirement Savings?

What Will You Do with Your Unspent Retirement Savings?

Michael and Kelly were retired engineers with two adult children. They owned a home, some stocks, and IRAs. They met with their financial advisor to discuss a plan to provide for their family, and for some of their favorite charities.

Kelly: We both had a lot of money in our IRAs, which was more than we could ever use. We wondered if we could pass this on to our children.

Michael: Our advisor explained the problem with giving our retirement savings to our family. He said a majority of the gift would be taxed. We didn't want our children paying any more in taxes than they already pay.

To alleviate their concerns, Michael and Kelly's advisor created a plan that stipulated their stocks and home go to the children. He then recommended a bequest of the retirement assets be left to their favorite charities. These charitable organizations could then receive all the assets from Michael and Kelly's IRAs tax free, allowing them to use the funds to further their missions.

Michael: It was easy to make bequests from our IRAs to our favorite charities. We filled out the online forms on our custodian's website that permitted us to allocate percentage shares to charitable causes.

Kelly: This plan met all of our goals. We liked the fact that our children could immediately sell the house and stocks with little or no tax due. We were also happy to help some worthy organizations continue their good work.

*Please note: The name and image above is representative of a typical donor and may or may not be an actual donor to our organization.


Print This
Email This
Request Illustration
Download Brochure
scriptsknown

Free Wills Guide

Are you ready to plan your will or trust? We would like to give you a FREE Wills Guide
Request Now

Copyright © 2017 National Center for Missing & Exploited Children. All rights reserved.

This Web site is funded, in part, through a grant from the Office of Juvenile Justice and Delinquency Prevention, Office of Justice Programs, U.S. Department of Justice. Neither the U.S. Department of Justice nor any of its components operate, control, are responsible for, or necessarily endorse, this Web site (including, without limitation, its content, technical infrastructure, and policies, and any services or tools provided).

© 2017 Crescendo Interactive, Inc. PRIVACY STATEMENT

NCMEC is providing this information for reference purposes only. The information provided here does not constitute legal or financial advice. NCMEC encourages you to discuss these options with your own advisors before deciding on your best choices for legacy planning.