Legacy Planning News and Information

Please click HERE for a downloadable PDF of this months Legacy Planning Newsletter.

Dear Friend of LBCC,

It's that time of year to start thinking about tax day. But there's good news for many.

Congress passed legislation to extend the IRA Charitable Rollover for 2012 and 2013. The law allows individuals who are 70-1/2 or older to avoid taxes on the distribution by making a gift to LBCC by December 31, 2013 directly from their IRA account.

For more information, contact Jim Birken at 541-760-0295 or visithttp://www.futurefocus.net/lbcc/plangiv.htmto learn more about how you can convert your taxable IRA distribution and potentially reduce your taxes.

Thank you for your support of Linn-Benton Community College

Nursing Program Reaccredited
LBCC's nursing program received numerous commendations for instruction and student support during its recent accreditation visit by the Oregon Board of Nursing. Program director and chair Sheryl Caddy led the lengthy process, which included a self-study report and a three-day visit from the Nursing Board with tours of clinical sites and classrooms, and interviews with students, staff and administrators.

2013 Tax Planning Consideration
As the end of the 2013 tax year approaches, set aside some time to evaluate your situation. Here are some things to keep in mind as you consider potential year-end tax moves. Read more.
Rethinking the 4% withdrawal rule
You've spent decades socking away money in your 401(k) and IRA, with the prospect of a comfortable retirement looming on the horizon. Now that you're at or nearing retirement, the million-dollar question is: Will it be enough?

The greatest fear people have around retirement is outliving their money and not having enough to meet basic needs. Read more.

If you would like any information regarding these articles, or anything related to gift planning, estate gifts, endowments, charitable gift annuities, or contributions in general, please contact me.


Jim Birken
Gift Planning Manager
Linn-Benton Community College

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