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Opportunity to give with an IRA

December 22, 2013
Parkersburg News and Sentinel

A recent column by Jason Alderman in the News and Sentinel, Don't forget mandatory IRA withdrawals, highlights the requirement for individuals who are 70 and one-half or older to take a Required Minimum Distribution (RMD) from their IRA accounts. It did not mention the unique opportunity that a RMD provides to these individuals. They have the opportunity to give up to $100,000 in pretax dollars to charitable organizations each year. One-hundred percent of the money goes directly to charitable organization without the IRA holder having to recognize the money as income.

 
 

 

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