Boost your retirement income and make a difference.
Thanks to new retirement laws introduced in January, you can now fund a gift annuity (the gift that pays you) with a one-time election of up to $50,000 from your IRA if you’re 70½ or older.
Among the ways you benefit
You avoid the income tax hit that comes with typical IRA distributions. You (and your spouse, if you choose) receive income for life in the form of reliable payments that won’t change regardless of the stock market, interest rates or inflation. After your lifetime, the remaining balance becomes your legacy at Baylor Scott & White All Saints Health Foundation.
Another attractive benefit: Gift annuity payout rates are now higher than they have been in more than a decade.
Baylor Scott & White All Saints Health Foundation does not provide legal or accounting advice. Please check with your attorney or tax advisor for any questions you may have.
