What is the Best Option for Legacy Gift?

For those considering a legacy gift to support Savio, a great place to start is with our traditional retirement accounts.   

The path to securing our retirement is well-marked.  We invest using a traditional IRA or workplace account.  Our funds grow, tax-deferred—often for decades.  Eventually, these assets will support us during our retirement years.   

A key feature?  No income tax applies until we make our retirement withdrawals.  This dynamic helps us all save for a healthy and financially secure retirement.

A Legacy Option 

There is an additional consideration, however.  Our traditional retirement assets never lose their income tax obligation.   

When our loved ones inherit these funds, they also inherit our tax liability.  This dynamic can help unlock a tax-efficient option for a legacy gift. 

As a non-profit organization, Savio pays no tax on gifts from retirement accounts.  You could name Savio as a beneficiary tomorrow, while still preserving full control over your funds for life.  Nothing changes when you update your beneficiaries.  You’re simply updating your future instructions.  Savio won’t receive your legacy gift until your estate eventually settles.   

And when we finally do—zero tax is withheld.  Every dollar you share is a dollar we receive.   

The income tax dynamics for traditional retirement accounts can make this an excellent legacy gift option.   

For more information, please contact Joshua Pruyn at jpruyn@saviohouse.org or 303-536-8310.  All inquiries will be held in strict confidence.