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Stewardship Ideas 

Over the past several years a few of our members have asked me whether I knew much about the Required Minimum Distribution that IRS mandates we take from our IRA's every year after we've turned 70 1/2 years of age. I did not. So, I've been asking questions.

I'm sure the reason IRS pushes for this distribution is because they want their taxes from this deferred income. Makes sense. We'll never get away without paying our taxes, right?

Except ... there is a way to significantly reduce your taxes through directing the required distribution to a charity of your choice. One would do this if there was concern that this required distribution would push one into a higher level of taxes.

If you do consider redirecting your RMD, you must carefully follow the advice and direction of your tax counselor. The rules are very specific.

The link below will get you to a good article written by a trusted expert in this field. However, the most important thing is to get counsel from your tax expert.

Pastor Doug - (motivated to help each of us become betters stewards for God)

Required Minimum Distributed Article