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What are the advantages of making an IRA donation from my qualified plan to the charity of my choice?

April 26, 2017advantages charity donation IRA Plan qualified

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What are the advantages of making an IRA donation from my qualified plan to the charity of my choice?

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The advantages will vary by donor. In general, this new law allows individuals who are 70½ or older to make tax-free gifts to the charities of their choice using funds that would otherwise be subject to tax under mandatory withdrawal rules. As always, we strongly recommend that you consult your own financial or tax advisor to determine what is best for your personal situation.