Planned Giving • DIOCESE OF BRIDGEPORT

Giving from Your 401k or IRA Retirement Plan


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 the Diocese of Bridgeport far into the future.

How It Works

  • Name or designate the Diocese of Bridgeport as a beneficiary of your IRA, 401(k), or other qualified retirement plan.
  • Pass the balance of your retirement assets to the Diocese of Bridgeport by contacting your plan administrator.
  • Important! Tell the Diocese of Bridgeport 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


The material presented on this Planned Giving website is not offered as legal or tax advice.
Read full disclaimer|Sitemap|Planned Giving Content © 2018 PlannedGiving.com