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Making Charitable Donations from Your Retirement Accounts

By Gerry W. Beyer

image from https://s3.amazonaws.com/feather-client-files-aviary-prod-us-east-1/2017-12-31/f20f2703-aab1-4844-b887-aea5b08eb4d7.pngCurrently, individuals can take the required minimum distribution (RMD) from an IRA and give it to a charity without tax consequences. The same is not true of an RMD from a 401(k). But, it is possible to indirectly take from a 401(k) and give to a charity while avoiding taxes by taking the RMD from the 401(k) and rolling it over to an IRA first.

See Kimberly Lankford, Making Charitable Donations from Your Retirement Accounts, Kiplinger, September 22, 2107.

Posted in:
Estate Planning - Generally