| Fidelity's Estate Planning Action Center features tools and information on estate planning and inheritor services, including an interactive Estate Planner, tax calculator and checklists for inheritors. |
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| Another part of planning your estate intelligently includes maximizing the taxes you save and potentially increasing the dollars you give. Does charitable giving play a part in your retirement's financial plans? |
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| Many individuals would prefer to see IRA assets go to charity than to see their retirement savings reduced by taxes. Proper estate planning can reduce or eliminate estate taxes, leaving more for heirs. Did you know: |
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IRA beneficiaries may be burdened with up to 4 taxes (federal estate tax, state inheritance tax, and federal and state income taxes)? |
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Withdrawals from an inherited IRA are taxed as ordinary income? |
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Heirs may be better off receiving stocks or mutual funds held outside an IRA since stocks or bonds may receive a step up in cost basis? |
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| With a Giving Account® you receive an immediate tax deduction and can support as many IRS–qualified public charities as you choose on your own timetable. |
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| By naming a public charity such as the Fidelity Charitable Gift Fund as beneficiary to IRA assets, you can reduce or potentially eliminate estate taxes and spare heirs from future tax associated with required IRA withdrawals. Also, the primary donor that you designate for the Giving Account may help fulfill your charitable and legacy goals. |
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