Tip of the Day

The balance remaining in your retirement plan after your death is subject not only to federal estate tax, but also to income tax – and, if you name a grandchild as beneficiary, to the generation-skipping tax. The result can be that only 20 to 25 cents on the dollar may be left for your family.

Why give so much of your hard-earned retirement assets to the government when you can give them to the University of South Carolina or its affiliated Foundations instead?

Direct the balance of your plan to the University of South Carolina or its affiliated Foundations, and use other assets – not subject to all the taxes applied to retirement assets – to make gifts to your family.

Recent IRS regulations make it easier to make the University of South Carolina or its affiliated Foundations a beneficiary.

Read more... , email us, or contact us at (803) 777-4196.

The University of South Carolina
Office of Gift Planning
University Development
1600 Hampton Street, Suite 738
Columbia, SC 29208
Phone: (803) 777-4196
Fax: (803) 777-9708
Email: giftplan@mailbox.sc.edu