Giving & Investing
Many of today’s retirees have amassed considerable wealth in their IRAs, more wealth, in fact, than they need for daily living or long-term care. And for those with substantial estates, much of their IRA wealth will go to estate taxes and income taxes of non-spousal beneficiaries, leaving some heirs with less than 50% of the IRA assets that are left to them. For these reasons, you may want to use your IRA as a current source of charitable gifting. We’ve compiled some Frequently Asked Questions about gifts through IRA’s.