Perpetuating your gift through a retirement plan is simple, flexible and tax wise. Contact the administrator of your retirement plan to designate United Way Montcalm-Ionia Counties as the beneficiary of your retirement plan. They can also let you know what restrictions might apply.
The benefits of naming United Way Montcalm-Ionia Counties as the beneficiary of a retirement account include:
- Avoiding potential double taxation on retirement fund gifts to heirs (estate tax and income tax).
- Allowing you to continue to draw money out of your retirement account while you are living.
- Providing you with the freedom to change your mind if your situation changes.
- Giving you the satisfaction of knowing that your hard-earned retirement funds will continue to impact people’s lives in our local communities.