Tip of the Day
The balance remaining in your retirement plan after
your death is subject not only to federal estate tax, but also to income tax – and,
if you name a grandchild as beneficiary, to the generation-skipping tax. The
result can be that only 20 to 25 cents on the dollar may be left for your family.
Why give so much of your hard-earned retirement assets to
the government when you can give them to the Symphony instead?
Direct the balance of your plan to the Symphony,
and use other assets – not subject to all the taxes applied to retirement
assets – to make gifts to your family.
Recent IRS regulations make it easier to make the Symphony a
beneficiary.
Read more... , email us,
or contact us at (619) 237-1964.
San Diego Symphony Foundation
1245 Seventh Ave
San Diego, CA 92101
(619) 237-1964
