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Smart Choices with an IRA

Smart Choices with an IRA
Wag and Annalee Schorr
Donors Wag and Annalee Schorr support charitable giving through an IRA

Making sure that listeners across Colorado have access to balanced, serious conversations about world events "without ideology being part of the message" that is why Dr. Wagner (Wag) Schorr became a member of Colorado Public Radio (CPR) more than 30 years ago. Today, his reason for supporting CPR has expanded and is even more urgent. Wag worries that sources of trusted journalism are shrinking in Colorado and believes that CPR News is helping to fill that void. Wag emphasizes the word "trust."

Several years ago, as Wag and his wife Annalee examined their retirement finances, they learned their IRA — if inherited by their children and grandchildren — would be subject to hefty taxes. They discovered how they could help their heirs avoid taxes while simultaneously benefitting their favorite Colorado charities. Wag and Annalee designated distributions from their IRA to Colorado Public Radio after their lifetimes and have the satisfaction of knowing that they are supporting what they believe to be "the single best source of trustworthy information in Colorado."