IRAs and 401(k)s often contain a significant amount of wealth at the end of one's career. However, if inherited, these accounts can pose significant tax burdens for family and loved ones. A better option is to gift your IRA or 401(k) to a tax-exempt organization, like the MSU Alumni Foundation.
Scholarships have made it possible for senior Megan McGill to succeed at MSU. "For me, the most challenging part of being a student has been finding the money to attend school full time. I am extremely grateful for the generosity of the family of Robert Millice. Without this scholarship I would likely not be graduating this semester."
There are many non-cash assets to consider as a gift to MSU, which can help you meet your financial planning goals.
"I have 20 to 30 years of my life before MSU will see the impact of my estate gift," said Victoria. "Why wait that long? I didn't realize how fun making a gift would be. I've really enjoyed seeing the impact of my gift now."