Ages 22-44

Photo of a woman smiling.

At this stage in life, some of the financial issues you may find yourself dealing with are:

  • Increasing income
  • Managing debt
  • Accumulating assets
  • Starting discretionary savings programs
  • Long-range planning for retirement and emergencies
  • Establishing a growth strategy for investments
  • Creating a simple will and estate plan providing for heirs and bequests to charity

For the charitably inclined, certain types of gifts can provide solutions to taxing problems:

Charitable bequest
If you would like to make a substantial gift for Missouri S&T but you do not have the current disposable income or assets to do so now, consider a charitable bequest.

Cash, checks, and credit cards
A gift of cash is easy to make, and the gift is not subject to gift or estate tax. A contribution of cash or by a check that is postmarked in December is deductible for that tax year—even if Missouri S&T receives it in January—provided the account against which the check was written had sufficient funds to cover it in December. A contribution by credit card must be made by December 31 in order to be deductible for that tax year.

Charitable gift annuity
In exchange for your gift, Missouri S&T will provide payments for life to you or a beneficiary you designate.

Charitable remainder annuity trust
Provides for payment of a fixed-dollar amount—annually or at more frequent intervals—to the designated beneficiary(ies). The amount must equal at least 5% of the initial fair-market value of the trust.

Real estate—retained life estate
Give property to Missouri S&T while retaining the right to occupy the residence or operate the farm.

Gifts of retirement plans at death
Retirement-plan benefits left to heirs are often more highly taxed than other assets. Consider giving them to Missouri S&T instead to make a meaningful gift and leave other assets to heirs.

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