As the end of the year approaches, if you are age 70 ½ or older with a tax-deferred individual retirement account (IRA), you may be thinking about your required minimum distribution, or RMD. RMDs are mandatory distributions from your IRA that increase your total taxable income. If you are already giving to charity, you might consider directing your IRA distribution …
Chris Rigsby, Relationship Manager, joined the Greater Kansas City Community Foundation team early in 2018 to work closely with professional advisors. Chris’ main focus is to help professional advisors navigate the topic of charitable giving with their clients. With nearly a decade of experience in the mutual fund industry and most recently working at Ivy Investments as a Senior Regional …
The Tax Cuts and Jobs Act signed into law at the end of 2017 has made many significant changes to both corporate and personal tax laws. These changes, including the nearly doubling of the standard deduction for both individuals and couples, has many contemplating how they can still take advantage of the tax benefits associated with charitable giving. Charities that …
