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Saving Taxes – Give Your IRA RMD to Charity

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Did you know that you can give your IRA RMD to charity?  If you are over 70 1/2, charitably-inclined and you don’t need your annual IRA distribution, the Tax Relief Act passed in January of 2013, extended a provision allowing your required minimum distribution to be directed to charity.  The provision is available through December 31 of this year and allows gifts up to a maximum of $100,000.  If you want to pursue this strategy, you should contact your financial advisor or your IRA custodian before the end of the year.  You are welcome to contact us if you have any questions.

 

Horizon Wealth Advisors
Horizon Wealth Advisors is a Houston-based, privately owned, fee-only financial advisor established in 1999. Our mission is to develop long-term relationships with thoughtful, successful individuals, families, and organizations by supporting and assisting them in achieving their financial goals.

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