Retirement Plans - Cheder Lubavitch
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Retirement Plans

You may wish to designate Cheder Lubavitch Hebrew Day School as a beneficiary of your retirement plan. IRA's, 401k's, Keogh Plans and others are subject to both estate and income taxes. Consider designating Cheder as a beneficiary. This outstanding gesture gives the Jewish community a substantial donation at a minimum cost to your family.

How to Designate Cheder as a Retirement Plan:

  • Request a beneficiary change form from your retirement plan administrator and designate Cheder Lubavitch Hebrew Day School as the beneficiary.
  • Designate Cheder Lubavitch Hebrew Day School as the beneficiary of your retirement plan.
  • This gift avoids both income and federal taxes.
  • This type of gift is easy and can be done at no cost.
  • You can continue to take withdrawals during your lifetime.
  • You can always change your beneficiary if circumstances change.
  • Avoid the low payout of some IRAs, which sometimes pay your children 30 cents on the dollar, with a generous donation to Cheder Lubavitch.
  • Cheder will receive 100 percent of your gift to encourage Jewish continuity.

Allow us to work with you, your family, and if desired, your financial advisor to develop the most personalized strategy for your goals. For more information, contact us.

Rabbi Yitzchok Wolf
Seymour J. Abrams Cheder Lubavitch Hebrew Day School
5201 West Howard Street
Skokie, IL, 60077
847-675-6777
rabbiwolf@clhds.com