Retirement Plan Assets | What To Give | OETA

Many viewers tell us OETA means more to them in retirement than ever before. They also have discovered that their Individual Retirement Accounts (IRA) or other retirement plans provide them with interesting gift planning options to help fund the future of the programs they enjoy so much.

Did you know that your retirement plan assets may be facing double taxation? When you leave these assets to your heirs, you’ll generate “income in respect of a decedent.” So not only may the inheritance you leave be diminished by estate taxes, but the recipient also must pay income taxes on it!

Your decision of who gets the remainder of your retirement plan should depend on your family’s circumstances. If you can make other provisions for them, there’s a better option for your retirement plan assets – a gift to OETA.

Many Ways to Give

If you’ve already provided for your relatives in your estate plan, simply name OETA Foundation as the primary beneficiary of your retirement assets. Or, consider a couple of other possibilities:

  • Designate a specific amount to be paid to OETA Foundation, before the division of the remainder among family beneficiaries.
  • Name OETA Foundation the beneficiary of part, or even all, of the balance remaining after your spouse’s or another beneficiary’s lifetime.

To Learn More

Estate plans should be made with your financial advisor.  OETA Foundation will be happy to work with you and your professional advisor to discuss the benefits of the plans listed here and how they can work for you. Please contact us anytime.

Louise Lee

OETA Foundation
7403 North Kelley Avenue
Oklahoma City, OK 73111