You may wish to designate Jewish Youth Network as a beneficiary of your retirement plan. Registered retirement savings plan (RRSP) or registered retirement income fund (RRIF) and others are subject to both estate and income taxes. Consider designating Jewish Youth Network as a beneficiary. This outstanding gesture gives the Jewish community a substantial donation at a minimum cost to your family.
How to Designate Jewish Youth Network as a Retirement Plan:
Request a beneficiary change form from your retirement plan administrator and designate Jewish Youth Network as the beneficiary.
Designate Jewish Youth Network as the beneficiary of your retirement plan.
This gift avoids both income and federal taxes.
This type of gift is easy and can be done at no cost.
You can continue to take withdrawals during your lifetime.
You can always change your beneficiary if circumstances change.
Avoid the low payout of some IRAs, which sometimes pay your children 30 cents on the dollar, with a generous donation to our local Chabad Center.
Jewish Youth Network will receive 100 percent of your gift to encourage Jewish continuity.
Allow us to work with you, your family, and if desired, your financial advisor to develop the most personalized strategy for your goals. For more information, contact us.