For over 100 years, Massachusetts Maritime Academy has been preparing women and men for exciting and rewarding careers on land and sea. As the nation's finest co-ed maritime college, MMA challenges students to succeed by balancing a unique regimented lifestyle with a typical four-year college environment. As a member of the cadet corps you will live, study, sail, work and play in an atmosphere that encourages you to be your best.
Retirement Account Assets
Retirement funds are an increasingly valuable asset to many people and an asset often overlooked as a source of charitable giving. Since the money accumulated in IRA, 401K or 403B plan has not been taxed; the IRS levies heavy taxes on any distribution, except for a distribution to charity. If you pass away with retirement account assets, they could not only be subject to income tax but estate tax by giving through these funds you can reduce taxes for your heirs. Also by naming MMA as a beneficiary you can avoid these taxes. If you are 70 ½ years of age, the law regarding IRA charitable rollover is now permanent; you may now donate up to $100,000 from your IRA without treating the distribution as income.
For more information or customized calculations on any of the charitable gift plans, please contact Michelle Badger at 508-830-5045 or email@example.com.