Retirement Plan Assets
How do you get the most value from your nest egg, protect your heirs from unnecessary taxes and make a significant impact? You may wish to consider leaving a portion of your retirement plan assets to the Archdiocese of Milwaukee for the sole and exclusive benefit of UW-Whitewater Campus Ministry. Did you know that money saved in an employee retirement plan, IRA or tax-sheltered annuity contains income that has yet to be taxed?
Your heirs will owe income tax upon receiving distributions from these assets after your death. With this in mind, you may want to leave your loved ones assets that are income tax free and give your retirement plan assets to us, a tax-exempt charity. Leaving retirement plan assets to charity is a very tax-efficient way to leave a gift.
Consider these gift options. (Use a beneficiary designation form provided by your plan administrator.)
The planned giving materials on our website are not presented as legal or tax advice. Warhawk Catholic provides support for a full range of charitable gift planning options and services. Warhawk Catholic, its employees or representatives, do not offer legal or financial advice. We strongly urge prospective donors to consult with their estate planning attorney, financial advisor, accountant or other appropriate professional before making any material decisions based on information we provide through this Web site, printed materials, or other sources. The purpose of this website is to provide general gift, estate, and financial planning information. Watch for tax law revisions. State laws govern wills, trusts, and charitable gifts made in a contractual agreement. Advice from legal counsel should be sought when considering these types of gifts.