Turner Syndrome Foundation| IRAs, 401(K), 403(B) and other retirement accounts grow tax-deferred. This means they often become quite large over the years. Retirement accounts are different from other types of investments. This is because funds withdrawn from retirement accounts can be taxable to you and, eventually, to your heirs. Therefore, you may want to consider charitable giving through your Retirement Plan or IRA. Designating The Turner Syndrome Foundation as the beneficiary of your retirement account may be a very tax-savvy thing to do. Retirement accounts left to The Turner Syndrome Foundation are removed from your estate for federal estate tax purposes. Plus, there is no income-tax assessed against your estate or your heirs when the funds are given to The Turner Syndrome Foundation. This way you avoid multiple taxes. You can read more about this process here and find out about where your donations to us go here. Please consider supporting our mission through this kind of charitable giving! |
Year End Giving: Retirement/IRA’s
