Retirement Plan Gifts

More than any other asset in your estate, your retirement plan account may be the best source of funding a tax-wise gift to the Lance Armstrong Foundation (LAF).  LAF's charitable tax status exempts it from the two separate taxes (estate and income) that your individual heirs could incur if you were to give retirement plan assets to them. Using unpaid benefits that remain in your retirement plan account can be a unique and often overlooked opportunity to blend good estate and legacy planning with support for the future of the Lance Armstrong Foundation.

The combined federal, state and local income and estate taxes can amount to more than 50%, leaving relatively little for your heirs. Thus, in planning gifts to your family and friends, you should consider giving them assets other than your retirement plan account to minimize their tax burden and use your retirement plan account to make charitable gifts.

There is also a new tax-savings opportunity using your IRA retirement plan account which was created under The Pension Protection Act of 2006.  Learn more >>

For more information or confidential help in planning a gift of your retirement plan account to support the future of the Lance Armstrong Foundation, please contact Ron Kolenic via phone at (512) 279.8413 or email ron.kolenic@laf.org.