Charitable Planning with IRAs

If the IRS requires you to take a Required Minimum Distribution (RMD) due to your age before year’s end, then consider earmarking some or all of the RMD amount as a charitable distribution. The attached article goes into more detail about the particulars, and lays out a scenario for naming a charity as beneficiary for the IRA’s remainder at passing.

Two tax-smart strategies for charitable giving with an IRA

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