Leave a Lasting Legacy with the Association of BellTel Retirees
We’re honored that you may be considering making a meaningful impact through your estate planning. By including The Association of BellTel Retirees, Inc. in your will, you can create a legacy of support that benefits our community for generations to come. To learn how, read on or watch this explainer video featuring Association Director Laura Whitlock.
How to Include Us in Your Will
Making a bequest is a wonderful way to ensure that your values live on. Here’s how you can include The Association of BellTel Retirees, Inc. in your will:
- Simple Language: You can include a sentence in your will like: “I give, devise, and bequeath [specific amount or percentage] to The Association of BellTel Retirees, Inc.”
- Consult Your Attorney: It’s always a good idea to consult with a legal professional to ensure everything is set up correctly.
- Inform Us: While it’s not required, we would love to know if you’ve included us in your plans! This helps us recognize your generosity and allows us to plan for the future.
Why Make a Bequest?
Your bequest will help us continue providing essential services and resources for BellTel retirees, ensuring that our community thrives long after you’re gone. It’s a beautiful way to honor your connection to our organization and to support your fellow retirees.
Required Minimum Distributions (RMDs)
If you’re over 73, you’re likely required to take minimum distributions from your retirement accounts. Here’s a great way to make the most of that!
Directing RMDs to Charity
- Tax Benefits: You can choose to direct your RMD to a charitable organization like The Association of BellTel Retirees. This is known as a Qualified Charitable Distribution (QCD). By doing this, you won’t have to pay income tax on that amount, which can lower your taxable income.
- Easy Steps: Just contact your retirement account administrator and ask to make a QCD to us. We’re here to help if you need any paperwork or assistance!
Beneficiary Designations
Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides. Consider naming The Association of BellTel Retirees, Inc. on your:
- IRAs and retirement plans
- Life insurance policies
- Bank Accounts
- Certificate of Deposits (CDs)
- Brokerage Accounts
It is very simple to name the Association as a beneficiary. Start by requesting a change-of-beneficiary form from your policy administrator or download the form from your provider’s website. Make your desired changes and return the form to establish your gift.
Your Support Matters
Whether through a bequest, beneficiary designation, or directing your RMDs, your generosity will leave a lasting impact on our community. Every contribution helps us provide resources, programs, and support to BellTel retirees, ensuring that we remain a vibrant and connected community.
If you have any questions or would like to discuss your options further, please reach out! Together, we can create a brighter future for all BellTel retirees.
Thank you for considering a legacy that will support our mission for years to come!
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