GIFT PLANNING

Retirement Plan Assets

While tax-deferred retirement plans are an important source of retirement income for many people, these plans are not always the best gifts to leave to loved ones. Without careful planning, estate and income taxes can consume a large portion of these funds leaving little for heirs. Another approach is to leave other property and assets to family and friends and use retirement plans to fund charitable bequests. In doing so, you may reduce the tax burden to your heirs and have the satisfaction of knowing you provided a meaningful gift to benefit the university.

Donors who make a gift of retirement plan assets are eligible for membership in Towson's Tower Light Society.

If you would like more information on leaving retirement plan assets to Towson University Foundation, Inc., please contact Donna Mayer, Senior Director of Gift Planning, at 410-704-3375, 1-866-301-3375 or dmayer@towson.edu

 

The information on this Web site is not intended as legal, tax or investment advice. Please consult an attorney, tax professional or investment professional for such advice.

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