Giving from Your 401k or IRA Retirement Plan

Gift of Retirement Plan Diagram

You can still do God's work long after retirement.

You've worked hard and planned for retirement. Now, with a little creativity, you can leverage your retirement assets to benefit you and your family, reduce federal taxes, and support Diocese of Worcester far into the future.

How It Works

  • Name Diocese of Worcester as a beneficiary of your IRA, 401(k), or other qualified retirement plan.
  • Pass the balance of your retirement assets to Diocese of Worcester by contacting your plan administrator.
  • Important! Tell Diocese of Worcester about your gift. Your plan administrator is not obligated to notify us, so if you don't tell us, we may not know.

70 ½ or older? Make a “Tax-Free” Gift Through Your IRA

Benefits

  • Continue to take regular lifetime withdrawals.
  • Maintain flexibility to change beneficiaries if your family's needs change during your lifetime.
  • Your heirs avoid the potential double taxation on the assets left in your retirement account.

Next