Retirement Plans and Life Insurance
KQED's legal name is: "KQED Inc."
Retirement plans, when passed on to heirs, can incur as much as 80 percent in taxes, because this asset faces double taxation. Not only is the amount of the plan reduced by estate taxes, but the recipient must also pay income taxes on the plan.
If you plan to make a legacy gift to KQED, you may want to consider naming us the beneficiary of your IRA, 401(k), pension or other retirement plan and leaving other assets to your family. Naming us the primary beneficiary avoids all income and estate taxes on the retirement plan.
To make the designation, advise your plan administrator of your decision and complete and sign the appropriate form.
Many individuals have life insurance policies whose benefits they no longer need. If this applies to you, you may want to consider naming KQED the beneficiary and assigning us ownership of the policy. This will qualify you for a charitable deduction; and in removing the life insurance policy from your estate, you may also reduce your estate taxes.
For more information
Please let us know your plans
By informing KQED of your Legacy Gift, you help us prepare for the future. Equally important, you give us the chance to thank you for your generosity. To notify us of your intentions, please complete our request for information form or contact us.
Also on KQED.org this week ...
Drought Watch 2015: Record-Low Sierra Snowpack
The Sierra Nevada snowpack, which typically supplies nearly a third of California's water, is showing the lowest water content on record: 6 percent of the long-term average for April 1. That shatters last year's low-water mark of 25 percent (tied with 1977).
"Boomtown" History of the San Francisco Bay Area
KQED's "Boomtown" series will seek to identify what is happening in real time in the current boom, and also draw out the causes and possible solutions to the conflicts and pressures between the old and the new.