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Gifts of Retirement Plan Assets

Do you have money saved in an employee retirement plan, IRA or tax-sheltered annuity? Each of these retirement plan assets contains income that has yet to be taxed. Although there are ways in which spouses (and, to a lesser extent, other heirs) can defer taxes on these assets when they delay the date they are to receive the funds, they, too, are subject to income tax when they make withdrawals which can be as high as 39.6 percent. This may be reason enough to consider giving your loved ones less heavily taxed assets and leaving your retirement plan assets to charity instead.


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