Benefitting from the Lawrence Experience — Bequest and IRA Rollover

Roy Brayton '72 and Mickey Sullivan

With my 50^th Class Reunion quickly approaching in 2022, Mickey's and my thoughts have turned towards marking this milestone. My Lawrence years helped tremendously to shape my life with a great education. For Mickey and myself, stays at Björklunden and so many more Lawrence-sponsored events, have enriched our lives. We have found making our financial gifts to Lawrence University rewarding and it gives us the satisfaction of knowing future Lawrentians will benefit from the Lawrence experience.

Most of my classmates will reach the magic age of 72 during 2022 when we celebrate our 50^th Reunion. At 72, for those who have an IRA plan, the Required Minimum Distribution (RMD) rule with IRAs requires a certain percentage of the plan be withdrawn each year. A great way NOT to pay federal taxes on portions of these withdrawals is to directly gift that amount to Lawrence. Both Lawrence and an individual can benefit in this situation. From personal experience, I know this can be a very simple process through contacting the company which houses one's IRA.

We have also joined the Legacy Circle. We have made arrangements with our estate planners that in the event of our deaths, Lawrence receives a percentage of our estate. Again, we have found this is a wonderful way to help Lawrence continue to be a meaningful part of so many future lives.

We hope our experience can help others in determining aspects of their estate planning process.