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Lifetime Gift from a Retirement Account

How it works

For an outright gift, the donor may be able to claim a full deduction thereby "washing out" the income triggered by the withdrawal. If the funds are used to establish a life income gift, there will normally be a partially offsetting deduction thereby cushioning the effect of the added taxable income.

Either of these strategies can be particularly effective when the donor has reached age 70 ½and is required to take withdrawals from their accounts each year.


For more information

Email us, complete the personal gift proposal form, or call us at 510-642-6300 so that we can assist you through every step of the process.

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