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To schedule a meeting in person call our office at (302) 251-8901

MAILING ADDRESS:

32828 Reba Rd, Suite C

Millville, DE  19967

PHONE:

(302) 251-8901

Check the background of your financial professional on FINRA's BrokerCheck- https://brokercheck.finra.org The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by third parties to provide information on a topic that may be of interest. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

*Securities and advisory services offered through United Planners Financial Services, member FINRA, SIPC. Loftus Wealth Strategies and Untied Planners Financial Services are not affiliated. 

*We are licensed to sell Securities in DE,PA, MD,IL,NC. Insurance-related services may not be provided to individuals residing in any states other than DE,PA, MD,IL,NC.

  • MICHAEL LOFTUS

The Gift of Giving Through Your IRA

Today we're going to talk about donations from your #IRA that can be tax free, that's right I said tax-free. Qualified Charitable Donations are the following:

▶︎ Available to IRA holders (and beneficiaries) age 70.5 and older

▶︎ Up to $100,000 per year

▶︎ Tax-free transfer of #assets directly from IRA to qualified #charitable organization

▶︎SEP and SIMPLE IRAs generally not eligible

▶︎QCD amounts can be used to satisfy age 70.5 RMD's

▶︎ Potentially could wipe out or reduce the amount your Social Security is being taxed

▶︎ #Charity may be named as an IRA beneficiary

▶︎ Assets would pass directly to charity (outside probate process

#socialsecurity #charitablegiving #retirementplanning


302-251-8901

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