Retirement Assets

A gift of retirement plan assets can be a surprisingly easy way to reduce potentially very high taxes and provide support to Treasure Coast Hospice Foundation.

A gift of retirement plan assets could be right for you if:

  • You have an IRA or qualified retirement plan, such as a 401(k) or 403(b)
  • You do not expect to use all of your retirement plan assets during your lifetime
  • You have other assets, such as securities and real estate, that you want to pass to heirs
  • You may want to provide payments to loved ones after you are gone
  • You would like to make a bequest gift to Treasure Coast Hospice

Retirement Asset Options

Option 1: Make a Tax-Free Gift with an Ira Charitable Rollover

You can make an immediate tax-free gift by transferring up to $100,000 directly from your traditional IRA to Treasure Coast Hospice (other qualified retirement plans such as 401(k)s and 403(b)s are not eligible). You must be at least 70 and a half years old to take advantage of this opportunity.

The benefits of an IRA charitable rollover gift include:

  • Satisfying the required minimum distribution
  • Avoiding income tax on IRA withdrawals
  • Supporting the important work of Treasure Coast Hospice with a tax-free gift

Option 2: Designate Remaining Retirement Plan Assets for Treasure Coast Hospice Foundation

Another attractive option is to designate Treasure Coast Hospice as the recipient of some or all of what’s left in your IRA, 401(k), 403(b), or other qualified plan when it ends.

In addition to having the satisfaction of making a significant gift to Treasure Coast Hospice, your benefits include:

  • Making a gift completely free of federal and state taxes that can total 37.0% or more, if your estate exceeds the applicable exemption
  • Preservation of non-retirement plan assets for family

Option 3: Designate Remaining Retirement Plan Assets for a Life Income Plan

Alternatively, you can designate that some or all of the assets remaining when your IRA, 401(k), 403(b), or other qualified plan ends be used to fund a gift arrangement that will make payments to family members or other loved ones for the rest of their lives. When the gift arrangement ends, what is left will go to Treasure Coast Hospice Foundation.

In addition to having the satisfaction of making a significant gift to Treasure Coast Hospice, your benefits include:

  • Potentially saving federal and state taxes
  • Preserving non-retirement plan assets for family
  • Providing payments to family or other loved ones for life