Life Stage Gift Plannerâ„¢

Ages 45-65

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At this stage in life, some of the financial issues you may find yourself dealing with are:

  • Accumulating assets
  • Active financial planning
  • Comprehensive estate- and wealth-transfer planning
  • Assisting children with debt through annual gifts
  • Taking advantage of charitable trusts to optimize family wealth transfers and maximize tax benefits
  • Diversifying investments
  • Increasing retirement-plan contributions

For the charitably inclined, certain types of gifts can provide solutions to taxing problems:

Cash, checks, and credit cards
A gift of cash is easy to make, and the gift is not subject to gift or estate tax. A contribution of cash or by a check that is postmarked in December is deductible for that tax year—even if Marist receives it in January—provided the account against which the check was written had sufficient funds to cover it in December. A contribution by credit card must be made by December 31 in order to be deductible for that tax year.

Gifts of appreciated securities
A charitable gift of long-term appreciated securities can provide a double benefit—an immediate income-tax deduction for the full fair-market value of the securities and the avoidance of capital-gain tax.

Deferred-payment charitable gift annuity
If you are making the maximum annual contribution to your retirement account but are unsure whether there will be enough income when you retire, consider establishing a deferred-payment charitable gift annuity with Marist.

Charitable remainder unitrust
Provides for annual payments to the designated beneficiary(ies) of a specified percentage—at least 5% of the value of the trust as it is valued each year. Because the value may vary year to year, the payments may also vary.

Charitable bequest
If you would like to make a substantial gift for Marist but you do not have the current disposable income or assets to do so now, consider a charitable bequest.

Gifts of retirement plans at death
Retirement-plan benefits left to heirs are often more highly taxed than other assets. Consider giving them to Marist instead to make a meaningful gift and leave other assets to heirs.

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