
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 Yale instead?
Direct the balance of your plan to Yale, 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 Yale a beneficiary.
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