{"id":83387,"date":"2023-09-26T10:09:54","date_gmt":"2023-09-26T15:09:54","guid":{"rendered":"https:\/\/sites-stage.josh.org\/main\/?page_id=83387"},"modified":"2023-11-22T14:16:07","modified_gmt":"2023-11-22T20:16:07","slug":"retirement","status":"publish","type":"page","link":"https:\/\/sites-stage.josh.org\/main\/ways-to-give\/planned-giving\/assets\/retirement\/","title":{"rendered":"Retirement"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"83387\" class=\"elementor elementor-83387\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-e8ff6d0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e8ff6d0\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8fda7d5\" data-id=\"8fda7d5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-605b800 elementor-widget elementor-widget-heading\" data-id=\"605b800\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Giving From Your 401k or IRA Retirement Plan<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d133b2 elementor-widget elementor-widget-text-editor\" data-id=\"7d133b2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tIf you have a traditional IRA, 401(k), Keogh, pension plan, or annuity, you can use them to plan a financial gift to Josh McDowell Ministry in the future. These gifts are excluded from estate, inheritance, and deferred income tax liabilities, and can create a charitable deduction.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-25be926 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"25be926\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-99392be elementor-widget elementor-widget-text-editor\" data-id=\"99392be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Your IRA could potentially be taxed up to 60 percent if passed on to your heirs. But there is no tax when it is used as a gift to Josh McDowell Ministry.<\/p><p>If you are over the age of 70, you may be able to make a \u201ctax-free\u201d gift to Josh McDowell Ministry through a IRA Qualified Charitable Distribution (IRA Rollover-QCD). You can make a tax-efficient gift to Josh McDowell Ministry of up to $100,000 directly from the IRA and not recognize it as income.<\/p><p>Note: The SECURE Act increased the MRD (Minimum Required Distribution) age from 70\u00bd to 72. The age for a Qualified Charitable Distribution (QCD), however, still remains at 70\u00bd.<\/p><p>The QCD is excluded from gross income, without worry about phase-out of income tax deductions. You can use the standard deduction. The QCD counts toward your minimum required distribution from the IRA for the year.<\/p><p>You can continue to take regular lifetime withdrawals. And you maintain flexibility to change beneficiaries if your family needs change during your lifetime. Your heirs avoid the potential double taxation on the assets left in your retirement account.<\/p><p><strong>Steps:<\/strong><\/p><ul><li>Name Josh McDowell Ministry as a beneficiary of your IRA, 401(k), or other qualified retirement plan.<\/li><li>Pass the balance of your retirement assets to the Josh McDowell Ministry by contacting your plan administrator.<\/li><li>Tell Josh McDowell Ministry about your gift, as your plan administrator is not obligated to notify us. It helps us to know of upcoming financial donations, and we\u2019d love to celebrate your generosity with you now.<\/li><\/ul><p>As always, please check with your financial advisor and\/or tax attorney.<\/p><p>Contact us so we can assist you through every step.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Giving From Your 401k or IRA Retirement Plan If you have a traditional IRA, 401(k), Keogh, pension plan, or annuity, you can use them to plan a financial gift to Josh McDowell Ministry in the future. These gifts are excluded from estate, inheritance, and deferred income tax liabilities, and can create a charitable deduction. Your [&hellip;]<\/p>\n","protected":false},"author":50255,"featured_media":0,"parent":83385,"menu_order":164,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"class_list":["post-83387","page","type-page","status-publish","hentry"],"acf":[],"meta_box":[],"_links":{"self":[{"href":"https:\/\/sites-stage.josh.org\/main\/wp-json\/wp\/v2\/pages\/83387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites-stage.josh.org\/main\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites-stage.josh.org\/main\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites-stage.josh.org\/main\/wp-json\/wp\/v2\/users\/50255"}],"replies":[{"embeddable":true,"href":"https:\/\/sites-stage.josh.org\/main\/wp-json\/wp\/v2\/comments?post=83387"}],"version-history":[{"count":0,"href":"https:\/\/sites-stage.josh.org\/main\/wp-json\/wp\/v2\/pages\/83387\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/sites-stage.josh.org\/main\/wp-json\/wp\/v2\/pages\/83385"}],"wp:attachment":[{"href":"https:\/\/sites-stage.josh.org\/main\/wp-json\/wp\/v2\/media?parent=83387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}