Name Project SHARE as a beneficiary of an IRA, 401(k), or other qualified retirement plan.
You’ve worked hard and planned for retirement. Now, with a little creativity, you can leverage your retirement plan to benefit you and Project SHARE far into the future. Simply name Project SHARE as beneficiary of your IRA/retirement plan.
If you are like most people, you probably will not use all of your retirement assets during your lifetime. Did you know that 50%-60% of your retirement assets may be taxed if you leave them to your heirs at your death?
Another option is to leave your heirs assets that receive a step up in basis (such as real estate and stock) and gift the retirement assets to Project SHARE. As a 501(c)3 charitable organization, we are not taxed upon receiving an IRA or other retirement plan assets.
● You continue to take your regular lifetime withdraws
● You maintain the flexibility to change beneficiaries should your family’s needs change during your lifetime
● Your heirs avoid the potential double taxation on the assets left in your retirement
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.