You name Connecticut Children's Medical Center Foundation as the beneficiary of your IRA, 401(k) or other qualified plan.
Any residual left in your plan when you pass on passes to Connecticut Children's Medical Center Foundation tax-free.
Benefits
You can escape both income AND estate tax levied on the residual left in your retirement account by leaving it to Connecticut Children's Medical Center Foundation.
You can continue to take withdrawals during your lifetime.
You can change your beneficiary if your circumstances change.
You can elect to leave retirement plan assets to Connecticut Children's Medical Center Foundation through your will or revocable trust instead.
You can have the satisfaction of knowing that your hard-earned retirement assets will support Connecticut Children's Medical Center Foundation when you are gone.
