Retirement Plan Assets

IRA, 401(k), or Other Qualified Retirement Plan Assets
Qualified retirement plans are subject to income taxes and, in certain cases, estate taxes. Beneficiaries often receive far less than the cash balance of these plans. If named as a beneficiary, the HCC Foundation will receive the full value of these retirement assets-free of income and estate taxes. Other assets which are not subject to income tax consequences can then be given to heirs and other named beneficiaries.