Beneficiary Retirement Account

Did you know that when you designate a beneficiary for your IRA (other than spouse), they will pay taxes at their own tax rate on the amount inherited? So, on an IRA worth $100,000, your heirs may lose as much as $35,000 to taxes. If your estate is large enough, they may lose additional amounts as high as 45% to estate taxes. That could be 70% - 80% of the account!

Jackson as the Beneficiary

Naming Jackson Recovery Centers as a beneficiary of your IRA might be the solution. It does not affect required distribution during your lifetime and allows you to put dollars that might otherwise be “taxed away” to good use. Talk to your tax advisor. You may actually be able to pass on more assets to your heirs by using your IRA to make a charitable gift.

If you would like to make a charitable gift of your retirement account, consider naming Jackson Recovery as a primary, secondary or contingent beneficiary. When you do, 100% of the unused balance becomes a charitable gift. You pay no tax on the donated amount and the asset is removed from your estate. If you are married, consider naming Jackson as the secondary beneficiary, after your spouse.

Simply fill out the beneficiary designation form provided by the plan administrator of your 401(k), Keogh, pension plan, or traditional IRA, as follows:

Jackson Recovery Centers, Inc.
800 5th St.
Sioux City, IA 51101

In the space provided for the beneficiary’s social security number, enter Jackson Recovery Centers, Inc.  

For more information please contact: 

Carey Snow
Vice President of Resource Development
Executive Director of the Jackson Foundation
712-234-2383
csnow@jacksonrecovery.com

 

Get Help Now

 (800) 472-9018
 info@jacksonrecovery.com




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