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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.

The subject matter in this communication is provided with the understanding that Green Wealth Management Group is not rendering legal, accounting, or tax advice. You should consult with appropriate counsel, financial professionals, or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements.