If it is time for you to start taking distributions from your 401K, Traditional IRA or Sep IRA you can do so tax free! It is called a QCD (Qualified Charitable Distribution). Send payment straight from your retirement account to a qualified charity (like The Rotary Foundation) and you will not pay taxes on the distribution. You do not have to itemize to take advantage of this. And once you are 73, you have to take a distribution. Support the Foundation and see great things happen in our district and the world.
Support the Foundation and see great things happen in our district and the world.