Donating Your IRA Minimum Distribution to Charity: A “Win-Win” Strategy
Donating Your Minimum Required Distribution to Charity If you have an Individual Retirement Account (“IRA”), the IRS requires you to start taking minimum required distributions (“MRD”) for the year you reach age 70 ½, and for each year after that. You can wait to take the first minimum distribution until April 1 after that year, but …
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