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Retirement Gifts


What is the advantage in making the Society of St. Vincent de Paul a beneficiary of my retirement plan?

A designation in your IRA or other retirement plan may be a very cost effective way of making a gift to the Society of St. Vincent de Paul. If you leave your retirement plan to your children, they will have to pay income tax on either the lump sum distribution or the income stream from the plan. The Society of St. Vincent de Paul do not have to pay these taxes. Here’s an example of what this can mean to your heirs:

A widower died a few years ago. He left his $300,000 house to charity and his $300,000 retirement plan to his relatives. He should have done just the opposite. The relatives had to pay income tax on the $300,000 in the retirement plan, an $80,000 cost to them. If they had received the home, and the charity had received the retirement plan payment, not one would have paid income tax.

For more information on the advantages of retirement gifts to the Society of St. Vincent de Paul, call Charlotte Mulder at 503-238-5567 or send an email to:

 Posted by on June 5, 2013 at 4:02 pm