Giving from Your 401(k) or IRA Retirement Plan
You've worked hard to plan for retirement, and now, with a little creativity, you can leverage your retirement assets to benefit you, your family, and Symphony847 far into the future.
How It Works:
- Name or designate Symphony847 as a beneficiary of your IRA, 401(k), or other qualified retirement plans.
- Pass the balance of your retirement assets to Symphony847 by contacting your plan administrator.
- Important! Tell Symphony847 about your gift. Your plan administrator is not obligated to notify us, so if you don’t tell us, we may not know.
Benefits:
- Continue to take regular lifetime withdrawals.
- Maintain flexibility to change beneficiaries if your family's needs change during your lifetime..
- Your heirs avoid potential double taxation on the assets left in your retirement account.
Gifts from Your Will or Trust
Consider including a gift to Symphony847 in your will or trust. Your bequest, whether unrestricted or directed to a specific purpose, allows you to maintain control of your assets during your lifetime.
How It Works:
- Include a gift to Symphony847 in your will or trust.
- Make your bequest unrestricted or direct it to a specific purpose.
- Indicate the percentage or specific amount of the balance remaining in your estate or trust.
Benefits:
- Your assets remain in your control during your lifetime.
- You can modify your gift to address changing circumstances.
- Direct your gift to a particular purpose (be sure to check with us to make sure your gift can be used as intended).
- Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.
** The gift planning information presented here is intended as general. It is not to be considered tax, legal, or financial advice. Please consult your own personal advisors prior to any decision.