Gifts of Retirement Assets
A gift of retirement assets [IRA, 401(k), 403(b), or other tax deferred plan] is an excellent way to make a gift to McMurry University.
If you are like most people, you might not use all of your retirement assets during your lifetime.
Benefits of gifts of retirement assets
Gifts of Retirement Assets can be costly to inherit but they can be a smart and simple way to give.
Did you know that most retirement plan assets are taxed twice? Not only could your assets be diminished by estate taxes, but also your beneficiary must pay income taxes on them. Retirement plan assets passed to the McMurry University not taxed.
- Step 1: Consult your attorney and other advisors.
- Step 2: Contact the administrator of your qualified retirement plan for a new beneficiary form.
- Step 3: Designate the McMurry University as a beneficiary of part or all of your retirement plan.
- Step 4: Share your plans with us. All information is kept confidential.