Did you know you can leverage your retirement plan to have a lasting impact on the people and charities you love? Just keep these 3 things in mind: 💵 Tax burdens: When you leave an IRA or other tax-deferred retirement plan to a loved one, they must pay income tax on the distributed amount at their tax rate. 💸 Tax solutions: Leverage funds from your tax-deferred retirement plan to purchase life insurance and ensure your loved get an income tax-free benefit. 💰 Charitable options: With insurance

84 reactions · 11 shares | 喙 Interesting fact: A 65-year-old retiring this year could spend around $157,500 on healthcare costs over a 20-year retirement.* That’s nearly double the estimate of twenty years ago. As you near retirement, it’s important to check in with your Thrivent financial advisor about your retirement strategy. Schedule time today to discuss your plan for covering all your costs in the years to come. *Source: https://nyti.ms/48da7J9 | Thrivent | Facebook