Did you know that you can use your retirement plan as a gift to AFM? It’s fairly straightforward and doesn’t incur tax liabilities for your gift. Here are three suggestions on how you can make a retirement plan gift.
Beneficiary Naming
By naming Adventist Frontier Missions as the beneficiary of your retirement plan, you will be able to avoid estate taxes as well as income taxes on the assets being contributed.
Retirement Accounts Gifts Given Today
Providing you are over age 59½ and your funds are in a traditional retirement account, you may wish to withdraw your charitable gifts from that account. The withdrawal would be considered income; but you would have a corresponding tax deduction for the gift, generally not resulting in any tax liability.
To explore the benefits of a specific gift, please email our Planned Giving Specialist
or call 269-473-4250, ext. 103.
_______________________________________________________________________________________________________________________________