Gifts from Your Retirement Plan

Gift of Retirement Plan Diagram

How It Works

  • Name the University of South Carolina or one of its affiliated foundations as a beneficiary of your IRA, 401(k), or other qualified plan.
  • The balance in your plan benefits the University of South Carolina or one of its affiliated foundations after your passing.

Benefits

  • Avoid the double taxation your retirement savings would incur if you designated an heir as beneficiary.
  • Continue to take regular lifetime withdrawals.
  • Retain the right to revoke the beneficiary designation if your family's needs change.

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