Thinking ahead about taxes

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

M  Anytime is a good time to think ahead about your giving plans for the current year and the year ahead.  The time for charitable giving for last year is past.  But it’s never too early to plan ahead.  I’m in that season of life where I’m required to take distributions from my IRA.  Did you know you can gift that directly to your favorite charity and not pay taxes on that amount?

V  That means more money to your charity because there’s no IRS hair cut in other words, taxes taken out.  Many people are loving this way to give.  You can give this way with your RMD, required minimum distribution with up to $100,000. The designated amount may change. However, it’s a great way to give.