EXTENSION OF IRA ROLLOVER PROVISION INCLUDED IN ECONOMIC BAILOUT PACKAGE
As part of the recent bailout package, the IRA Rollover from the 2006 Pension Protection act was extended through the end of 2009. Under the new law, an owner of a traditional or Roth IRA may distribute up to $100,000 a year to a public charity without the distribution being included in the taxtable income.
Find out which of your clients might benefit from this provision, and how donors can give through LCF. Read the full story.
WATCH FOR LCF IN THRIVENT MAGAZINE
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The October issue of Thrivent Magazine includes two important charitable messages for readers. The lead article, Passing it On, promotes leaving a legacy, and the LCF ad, Give and Receive at the Same Time, promotes lifetime income gifts (gift annuities and charitable remainder trusts) as opportunities to enhance retirement income while making a charitable gift.
To take action, readers are encouraged to contact their Thrivent FR or the LCF. As always, LCF gift planners are available to help you assist prospects and clients with their giving plans. Gift planners also provide one-on-one or small group training sessions. Contact LCF for more information.
AFFORDABLE WAYS TO GIVE
How can your clients give back at a time when the economy is so volatile? Following are five simple, affordable ways to give through the LCF. Each provides tax benefits to the client—while living, upon death, or both.- Make a gift at death through a will, living trust or beneficiary designation.
- Give assets that are no longer needed,such as life insurance or stocks.
- Need more income? Convert an asset to a gift annuity.
- Share an inheritance.
- Leverage smaller gifts to make a significant gift at death with life insurance.
More details on these 5 options are available by clicking here. The LCF can help you and your clients develop tailored solutions to specific charitable interests. Just contact us!
NEW MATERIALS AVAILABLE
FROM LCF
New promotional sheets are available for clients interested in gift annuities, charitable remainder trusts and charitable life insurance. You can download these and other brochures online, or request materials be sent to you.