Retirement Plan Gifts
Name RedRover as a beneficiary of your IRA, 401(k) and other qualified retirement plan through this tax-efficient gift.
Listing a charity is one of the best assets to leave to charities to avoid income and estate taxes. If you name anyone other than your legal spouse, they may receive as little as 25 cents on the dollar after income and estate taxes are paid. If you name a tax-exempt charity as a beneficiary, the charity will pay no income tax on the distribution.
- You can avoid income AND estate tax levied on the residue left in your retirement account by naming RedRover as a beneficiary.
- You preserve the value of your retirement account by gifting the most-taxed asset in your estate to RedRover, and leave more favorably-taxed property to your heirs.
- You can continue to take withdrawals during your lifetime.
You can change the beneficiary if your circumstances change. Contact your retirement plan administrator for more information, and please consult a tax advisor for specific tax-related questions.