Tip of the Day

The balance remaining in your retirement plan after your death is subject not only to federal estate tax, but also to income tax – and, if you name a grandchild as beneficiary, to the generation-skipping tax. The result can be that only 20 to 25 cents on the dollar may be left for your family.

Why give so much of your hard-earned retirement assets to the government when you can give them to JFS instead?

Direct the balance of your plan to JFS, and use other assets – not subject to all the taxes applied to retirement assets – to make gifts to your family.

Recent IRS regulations make it easier to make JFS a beneficiary.

Read more... , email us, or contact us at 323-761-8800 x1206.

Resource Development Office
6505 Wilshire Blvd., Ste. 500
Los Angeles, CA 90048
323-761-8800 x1206 | Fax: 323-761-8801
E-mail: lbrooks@jfsla.org

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