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Tax-deferred Retirement Plans
Tax-deferred retirement plans, such as 401(K) plans and individual retirement accounts (IRAs), allow a range of options for making gifts.
Left as part of an estate, tax-deferred assets may be subject to income taxes, estate taxes and, in some instances, generation-skipping taxes. Properly executed, a plan that names a charity as beneficiary can allow the entire amount of the bequest to pass directly to the charity, free of all taxes.
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