LEGACY PLANNING SERIES: TRADITIONAL IRA/401k AND QUALIFIED CHARITABLE DISTRIBUTIONS
December 29, 2023
Naming the RAF as a full or partial beneficiary of your traditional IRA or 401k can save estate taxes, and tax on the ordinary income. You can even specify a project if you wish!
- The IRA/401k provides an RAF donor a very simple way to make a legacy gift to the RAF. You simply name the RAF a full or partial (fractional) beneficiary, or state a dollar amount of residual benefits in your plan.
- You may also declare the RAF a “contigent beneficiary.” You may leave your IRA to your spouse or family member, after which the RAF becomes the beneficiary.
- These gifts can avoid potential double taxes on IRA proceeds – first as part of the estate, then as ordinary income to the beneficiary. The IRA Charitable Rollover allows taxpayers over age 70 1/2 to donate up to $100,000 annually from their IRA without having to first declare the distribution as income. Such distributions count toward the Donor’s Required Minimum Distribution (RMD).
- The Donor may specify a project, or the RAF will simply use it to further the RAF Mission to preserve, improve, and create airstrips for recreational access.
Consult your tax/legacy planner, then contact us for help in considering this way to leave a legacy.
There are several other ways you can help while preserving your lifestyle. Watch our website to learn about another option next month.
Submitted January 12, 2024.
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John was blessed to have two neighbors with 1000s of hours in Cessna 185s, and obtained his private pilot license with their encouragement in 2013. They introduced him to the magic of backcountry Idaho and the amazing capabilities of a 185. He purchased his own at the Big Creek Lodge in 2014. John was introduced to the RAF in 2018, at a fly-out to Seeley Lake around AOPA’s Missoula fly-in, and a few weeks later at RAF’s fly-in at Ryan Field. He is a firm believer in the RAF’s mission. Without RAF’s advocacy, he fears the steady loss of precious resources. John retired from the Coca-Cola system in 2017 after 25 years of service. His career prior to Coke included five years in operations consulting with Booz Allen & Hamilton, and three years with Hewlett Packard in Boise, Idaho – where his love of the west was born. When not flying, John enjoys tennis, photography and woodworking – a skill he is actively applying to a new house he and his wife Blythe are building in Longboat Key, FL. His border collie, Tot (pictured here perched on her RTIC cooler throne), isn’t a fan of how loud a 185 is, but thinks Johnson Creek’s airstrip is the most amazing place to chase a frisbee on the planet. jhodgson@theraf.org Submitted October 30, 2025

Liz grew up in Louisiana, but she has lived in Georgia with her husband, Mike, for the past 35 years. They have two grown sons, John and Will. Liz’s interests include reading, DIY projects, walking/hiking, hanging out with friends, and accompanying Mike on camping trips, fishing excursions, or flights in his Carbon Cub. She enjoys spending time at their lake house and especially at their home in Driggs, Idaho. Her favorite vacations usually involve a national park. ltouchstone@theraf.org Submitted October 30, 2025

Ed wanted to fly as long as he could remember. Growing up as an “Air Force Brat,” his early life involved living on air bases, watching airplanes and living among Air Force pilots. His father flew P-47, P-38 and P-51 fighters in the South Pacific during the Second World War. Ed has enjoyed GA flying since getting his license to fly in 1977. He was exposed to and fell in love with backcountry flying only a few years ago. Among other airplanes, Ed has flown several types of backcountry planes. He currently flies a C182 King Katmai. Ed believes in the RAF and wants to do all he can to support the RAF Mission. ecooper@theraf.org Submitted October 30, 2025


