First Pres Colorado Springs: Beneficiary Designation

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Bequest in Your will
Beneficiary Designation
Endowment Fund
Receive Income
Direct Your Gift
Stevens Scholarship
Assets to Give

Make a Beneficiary Designation

Making a legacy gift through a beneficiary designation in your IRA policy can be a good way to make a gift. Non-spousal heirs pay income tax on distributions from a traditional IRA, while a legacy gift avoids the tax. You can make a legacy gift from other kinds of retirement funds and from life insurance by beneficiary designation.