Year End Giving From Your IRA
By Tim Rowe
November 29, 2023
The holidays are a time of traditions for most of us, and one of those may be special, year end giving.
Maybe you’ve wanted to make some special gifts this year but economic stresses have taken a toll on your cash reserves. There are tried and true strategies for making gifts out of your IRA, and a new option to fund a charitable gift annuity that way.
These are general recommendations and may not apply to everyone. You should consult with your CPA for specific advice based on your circumstances.
First, some definitions:
- Adjusted gross income or AGI – This is basically your income before you take your standard or itemized deduction.
- Regular distribution – This is just money taken from your IRA…
Related Articles
August 17, 2025
When Giving Becomes About Us
Have you ever felt a quiet sense of pride after giving, like you were just a little more faithful than others?...
August 10, 2025
Giving as Worship, Not Leverage
When our generosity becomes a tool for control, we cross a line. In church life, it manifests more than we might expect....
August 3, 2025
When Giving Feels Like a Burden
Several common but harmful motivations for giving might sound spiritual on the surface, but actually miss the mark of bi...