Retirement Gift Planning
Your IRA, 401k, 403b (e.g., TIAA-CREF plan), or other qualified, tax-deferred retirement plan will be considered "Income in Respect to a Decedent" (IRD) when it finally arrives in the hands of your heirs (other than your spouse). Although it is nearly impossible to predict exactly what the legislative future holds in store for the federal estate and state death tax laws, under current law the recipients of IRD assets have to pay ordinary income tax on their value. And that is in addition to any federal estate tax bite!

After estate, state death, and inheritance taxes, what will be left for your heirs? A gift to the University of Hartford could make full use of every penny.

If you and your spouse have more money saved for retirement than you expect to need during your lifetime(s), there are ways you could plan a gift now, or plan to give whatever principal is left over- before it is depleted by taxes.

For more information on Planned Giving, contact Peter Congleton at 860.768.2415 or congleton@hartford.edu




Please note that the University of Hartford does not provide tax or legal advice. Gift calculations may be provided for illustrative purposes only, and the actual values may vary based on the timing and nature of your gift. Advice from legal and tax counsel should be sought when considering a charitable gift of any kind.