Seventy years! Praise God! We thank Him as we look back at His tender care over us and for the many people who have received life in His Son.
Seventy years is a bit of a landmark for any ministry, spanning from birth to the end of our working years for many of us, and it gives us reason to reflect on the passing of time and our own preparation for retirement.
For most of us, one thing is critical if the retirement years are to be golden…financial security.
This reality has led our lawmakers to create a number of incentives which encourage careful planning for retirement years. Qualified plans such as an IRA, 401 (K), Keogh and the like typically include the deferring of income tax on contributions and earnings for these plans.
Americans have embraced these incentive savings plans with enthusiasm! In fact, many individuals have planned so well for retirement that a new, potentially devastating tax reality has been created in which federal estate tax, state inheritance tax, federal income tax, and state income tax combine to take a very big bite. Clearly, retirement planning incentives have been designed to create funds for retirement, but not designed to create funds for inheritance.
However, just as our tax laws encourage retirement planning, they also contain attractive benefits when The Quiet Hour is on the receiving end of qualified retirement plans.
For those with charitable intent, it is often attractive to consider a bequest of either a portion or all of the funds in a qualified retirement plan to The Quiet Hour. Instead of up to 70 percent of your IRA funds being consumed in taxes, you can donate it directly to The Quiet Hour, avoiding both federal and state taxes, and allowing us to use 100 percent of your gift for sharing the gospel!
We’re committed to taking the gospel to some of the most challenging places in the world. We praise the Lord for your partnership in this important work. Most of all, we praise God for His tender care since Pastor J. L. Tucker made his first live radio broadcast on July 7, 1937.
To learn more about the advantages of bequeathing your retirement funds to The Quiet Hour, please visit our Planned Giving webpages, call Planned Giving at 800-900-9021, or simply e-mail us.
The Quiet Hour confidently supports the following required statement and encourages prospective donors to give it consideration:
THIS IS NOT LEGAL ADVICE. ANY PROSPECTIVE DONOR SHOULD SEEK THE ADVICE OF A QUALIFIED ESTATE AND/OR TAX PROFESSIONAL TO DETERMINE THE CONSEQUENCES OF HIS OR HER GIFT. Payments made under a charitable gift annuity are backed solely by the full faith and credit of the issuing organization, are not insured or guaranteed by an insurance company, are not protected by any insurance guaranty association and are not backed in any way by the states. |