As we settle into the final quarter of the year there are important dates you need to remember.
If you are over the age of 70 ½ and are required to take a minimum distribution from your IRA and have not done so, the distribution must be completed by December 31st. Unless we already know your distribution wishes we may be in contact to ensure we get this completed.
You can also donate up to $100,000 to charity directly from your IRA when you are over 70 ½ years old without counting the distribution as taxable income.
This distribution can be counted as part of your required minimum distribution as well. Please call us if you have any questions.
Any Roth conversions must be completed by December 31st.