Video Credit: weak Films AK
As an experienced investment manager in Anchorage, and a donor myself, I feel passionately about giving. If you feel the same way and are over 72, a great way to give is through your IRA.
If you are 72 or older, you are required to take distributions from your IRA. These distributions can be a great way to give. Catholic Social Services is a fantastic option for donating these required distributions. Catholic Social Services is recognized by Charity Navigator as a four-star charity, indicating the highest level of financial stability, transparency, and commitment to best practices.
As long as the distribution is paid directly to Catholic Social Services from your IRA administrator, the amount will not be counted in your taxable income for the year, which may result in savings for you.
Learn more at https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-required-minimum-distributions or contact Jennifer Motes at 907-713-7735 or jmotes@cssalaska.org for more information.
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