Author - Robert Gordon, MBA, CFP®

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How To Make Charitable Donations From Your Retirement Accounts

How To Make Charitable Donations From Your Retirement Accounts

Many investors have accumulated significant sums in their qualified retirement plans like IRAs, 401(k)s, and 403(b)s.  If you are in that camp, congratulations on your discipline and consistency.   While these plans are not usually the best places from which to make a charitable donation – owing to their already tax-advantaged character – they can be used for this purpose very effectively.

Just Give!

The easiest and most straightforward way to make a donation using money from a qualified plan is to liquidate all or a part of the qualified investment, pay the tax and, if applicable, any penalties, and donate. …

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