LegacySPRING 2020

Nancy, Jen and Bill Pyle at Raker Center

GROWING HOMEJen Pyle lived at home with her parents, Nancy and

Bill, for 47 years before she became a resident of

the Good Shepherd Home–Raker Center. When the

time came for Jen to move, it was a tough decision.

Bill says, “We had this mindset that we had to do

it all because no one else would care for her like

we could.”

That changed when Jen moved to Good Shepherd.

According to Jen, “Here I have my own circle of friends

and interests. Before, my life revolved around my

parents and brother.”

It’s been good for Bill and Nancy too, who have more

free time to travel and enjoy their retirement.

Nancy and Bill believe in supporting the organizations

that serve Jen. They volunteer their time and donate as

much as they can. They appreciate the caring staff and

the countless activities, events, clubs, performances and

trips that residents can participate in. “We give because

we see the impact of our gifts every time we visit and

we know Jen is happy here,” says Nancy.

Shortly after Jen became a resident, Bill and Nancy

met with their attorney to revise their wills and include a

gift for Good Shepherd in their plan. “We didn’t give it a

second thought, it was just something we wanted to do.

Good Shepherd is Jen’s home and everyone there is her

family. She receives the best care and our gift will help

keep it that way.”

CONTACT US Individuals with disabilities need careful planning

to preserve their disability benefits. Contact the

development department at 610.778.1075 or

jedwards@gsrh.org to request information on

wills and planning for families with special needs.

Dear Greg,

I’ve been reading Legacy for a bit and I really like the information it provides. I feel a little more educated with each issue.

I do have a question—I’m 82 and plan to leave the remainder of my husband’s IRA to John, my grandnephew. He’s a good kid and always spent time with us while he was growing up. After my husband died, John took a job nearby and has become indispensable to me. I know he’s made sacrifices to help me out, and always runs errands like picking up my groceries without being asked. I’d like to make sure he gets a little something extra when I pass.

Is naming John a beneficiary of my IRA a good idea? I’ve heard that there have been some changes in the law affecting IRAs.

Sincerely,Betty

ASK THE EXPERTS

Dear Betty,Your grandnephew sounds like a great kid!

In December, there was a law change regarding

inherited IRAs that significantly affects non-spousal

beneficiaries. The previous law permitted the

beneficiary to take IRA distributions over their lifetime

creating a “stretched out” distribution schedule

(commonly called a Stretch IRA).

The new law, the SECURE Act, benefits older

individuals who are still working, but really changes

the game for younger people inheriting an IRA. The

beneficiary can no longer elect to do a Stretch IRA, but

must empty the account within 10 years of the account

holder’s death. This change could have substantial

tax implications for the beneficiary and decrease the

benefit the initial account holder

intended—an income stream for life.

There are alternatives to consider.

Several of the more common

replacement planning vehicle ideas

are: life insurance beneficiary (for

lump sums), testamentary (funded

after death) charitable remainder

trusts or deferred charitable gift

annuities—the latter two create lifetime

income streams.

If you have specific objectives in mind for your

grandnephew, I would talk to your advisors or any

one of us at Good Shepherd about the different

vehicles that could help you achieve your original goals.

Sincerely,Gregory M. Wilson, CAP®

HAVE YOU CONSIDERED naming Good Sheperd Rehabilitation Network as a

beneficiary of your retirement account? Contact us at 610.778.1075 or jedwards@gsrh.org

SAVE TIME AND HASSLEReturn the enclosed reply card to receive your copy

of Your Family’s Guide to Your Estate, an invaluable

resource to help you organize important personal

information and documents.

If you own stock that’s increased in value since you purchased it (and

you’ve owned it for at least one year), you have a unique opportunity for

philanthropy. A gift of appreciated stock or securities is cheaper than a gift of

cash because it eliminates capital gains tax, even if you don’t itemize. When

you donate securities to Good Shepherd Rehabilitation Network, you also

receive the same charitable deduction (if you itemize) that you would if you

wrote us a check.

Making a gift of securities to support our mission is as easy as instructing

your broker to transfer the shares to Good Shepherd’s brokerage account.

GROWING STOCK, GROWING GENEROSITYHOW A GIFT OF STOCK CAN BE WIN-WIN

Funding a charitable gift

annuity with appreciated

securities will not only

provide you with reliable

payments for life and allow

you to support our work, but

it also can offer numerous

financial benefits. First, your

annuity payments are often

more than the dividends you

would receive each year from

the securities. Second, you

will receive a federal income

tax charitable deduction (if

you itemize) in the year the

gift is made and eliminate

part of the capital gains

tax you would have paid if

selling the securities.

How a Gift of Stock Works

Through creative gift planning, you can secure your own financial future and

help support our compassionate care. We can work with your advisors to help

you plan for tomorrow and receive maximum benefits today.

TAKE THE NEXT STEP We can help clarify and document the steps to donate stock to Good Shepherd.

Simply contact us at 610.778.1075 or jedwards@gsrh.org to see how this gift can

be a win-win.

SELLING THE STOCKS

DONATING THE STOCKS TO GOOD SHEPHERD

$25,000 today’s stock value

$10,000 stock purchase price

$2,250: Capital gains tax owed if sold

($15,000 x 15% capital gains tax rate)

$25,000: Income tax charitable deduction$0: Capital gains tax

© The Stelter Company | The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.

Gregory M. Wilson, CAP®Senior Major Gift & Planned Giving Officer610.778.1033grwilson@gsrh.org

Good Shepherd Rehabilitation NetworkDevelopment Dept. | 850 S. 5th St. | Allentown, PA 18103 GoodShepherdRehab.org/plannedgiving | 610.778.1075

Jeannette EdwardsSenior Planned Giving Officer610.776.3386jedwards@gsrh.org

Kimberly StolarikSenior Major Gift & Planned Giving Officer610.776.8343 kstolarik@gsrh.org

You would do anything for those you love.

Have you considered how your estate plan, the

guidebook for your assets after your lifetime, is

as much for them as for you?

By planning your estate, you are able to care for

and protect your loved ones in meaningful ways.

• Prevent disputes. All too often you hear stories of families torn apart by

arguments over assets and responsibilities after the passing of a loved one.

Having a plan in place lessens conflict and confusion while alleviating stress

during an already difficult time.

• Save time and money. Without an estate plan, the legal process of the

distribution of your assets can be lengthy and costly for those affected.

• Deepen trust and respect. Whether it’s the people you designate to

handle your end-of-life care or as your children’s legal guardians, estate

planning shows your loved ones how much you admire and trust them. It’s

a tangible way to show them just how much they mean to you.

• Share your passion. Including a gift to a favorite organization, such as

Good Shepherd Rehabilitation Network, allows you to express your values,

even after your lifetime.

For your loved ones, a proper estate plan will give them valuable peace of

mind knowing they are carrying out your wishes as you intended.

SHOW THEM YOU CAREHOW ESTATE PLANNING IS AN ACT OF LOVE

PROTECT YOURSELF

Estate planning is for

everyone, regardless of

marital status, income

or age. Consider the

following questions an

estate plan can address:

• How would you like

your assets to be

distributed?

• Who will make health

care and financial

decisions on your

behalf if you are no

longer able?

• Who will care for you

in the event of illness

or disability?

• How would you

like your pets to be

cared for?