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Retirement Plans

“Saratoga Hospital is one of our major charitable interests. … We want to be part of ensuring continued growth and quality service for future generations. To do this, we have used our IRAs to make charitable donations in our estate plans.”

—Mary Ellen Fischer and Eric Weller 

Retirement plans are among the most cost-effective ways to support causes that matter to you.

If you leave your retirement assets to heirs other than your spouse, they could face significant tax consequences. The entire value of the retirement assets will be included in your estate and, therefore, could be subject to estate taxes. In addition, every withdrawal from the retirement account will be taxed as income.

That's why, if you're considering a meaningful gift to Saratoga Hospital, you may want to use your retirement assets. You will reduce the tax burden for your heirs, you might receive an immediate income tax deduction, and you will have the satisfaction of providing lasting support for the Hospital. Simply name Saratoga Hospital Foundation as the beneficiary of your Individual Retirement Account (IRA), 401(k), or other retirement savings plan.

For more information or to schedule a personal consultation with no obligation, please contact the Foundation office at 518-583-8340.

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