Required Minimum Distributions 2

I’m Miriam Neff and I’m Valerie Neff Hogan with Wise Women Managing Money.

M Required minimum distributions from your traditional IRA are a reality for anyone over 70 and 1/2.  If you mistakenly miss taking that in the year you reach that age, you can take it by April 1st, but you can’t delay and must take the second RMD by December of that year.

V That chunk might put you in a higher tax bracket or mean a larger portion of your Social Security benefits are subject to taxes.  We want God to get the greatest benefit as all we have is His, on loan for our use.  Direct donations to charitable places mean no tax taken.  Money generously invested in Kingdom purposes.