Consider including Hadassah as a beneficiary of your retirement plan. Since retirement assets are heavily taxed when left to loved ones, they make an excellent charitable gift after your lifetime to tax-exempt organizations like Hadassah. It's easy to do—just list Hadassah on the beneficiary designation form for a percentage (1-100) of your account. Click here to learn more.
Before you consider a gift of your retirement plan to Hadassah, however, you must know how to wisely build up your plan so you can live comfortably during retirement.
3 Questions to Ask Your Employer
One of the most popular forms of retirement plans is the 401(k), where employers can match a portion of your contribution. To get the most out of your company's 401(k) plan, make sure you know the answers to these three questions:
- How long must I be employed before making contributions to a 401(k) and receiving the company match?
- What is the maximum salary match the company will contribute?
- Is there a vesting schedule that applies to the company match?
Don't Lose Out
Unfortunately, one of the biggest financial mistakes that employees make is not taking full advantage of their company's 401(k) plan match. So to ensure that you don't lose out on the "free money" offered by your employer, make sure you contribute enough to qualify for the full company match.
The information and content contained herein are intended for educational purposes only and are not intended to provide legal, tax or other professional advice or to be relied upon. We encourage you to consult with an attorney, tax advisor or accountant.
Download Your Free Guide
Take advantage of this tax-smart gift opportunity. Download our FREE guide A Smart Use for Your Retirement Plan Assets.
Download My Guide