RMD Facts
September 24, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M We’ve done several features on Required Minimum Distributions. Go to $tarting Over Financially as widowconnection.com to see our past advice. For today, we want to clarify one important point.
V If you make a tax-free transfer to your favorite church or charity you cannot also take the charitable deduction for the same money. You have to choose. For most, its beneficial to give the tax-free transfer. You may give them the stock, bond, or any asset, or authorize its sale with the money going to that organization.
M I love seeing that the growth of a specific stock I give is benefiting my church