Many retirement plan sponsors consider converting to new providers starting with the new plan year. For calendar year plans, that means
Category: retire
Should you make a “charitable IRA rollover” in 2016?
Last year a break valued by many charitably inclined retirees was made permanent: the charitable IRA rollover. If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without owing any income tax on the distributions.