Gifts from Retirement Plans
A gift from a retirement plan is for you if ...
- You hold a 401(k), IRA, or other retirement plan.
- You want to ensure the most efficient distribution of the assets in your estate.
If you are age 70½ or older, new legislation now allows you to make cash gifts totaling up to $100,000 a year from your traditional or Roth IRA to qualified charities without incurring income tax on the withdrawal. This is good news for people who want to make a charitable gift during their lifetime from their retirement assets, but have been discouraged from doing so because of the income tax penalty. The provision is effective for tax years 2006 and 2007 only, so you must act by December 31 to take full advantage. Contact us for more information.
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To learn more about gifts from retirement plans, Email us, complete the Information Request Form, or call us at so that we can assist you.
Freedom from Hunger
Attention: Chris Dodson
1644 DaVinci Court
Davis, CA 95618
(530) 758-6200 ext. 1042
(800) 708-2555
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