Southern Indiana Living

SEP-OCT 2018

Southern Indiana Living magazine is the exclusive publication of the region, offering readers a wide range of coverage on the people, places and events that make our area unlike any other. In SIL readers will find beautiful photography, encouraging s

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Page 46 of 47

Sept/Oct 2018 • 47 Rollover Your IRA for Good By taking a distribuƟon from your IRA this year, you will likely pay more in taxes and may even reach a higher tax bracket. Rolling over part of your IRA's "required minimum distribuƟon" or "RMD" to the Harrison County Community FoundaƟon can help you reduce your tax bill while supporƟng your favorite cause. If you are 70 1/2 or older, you can make a giŌ of up to $100,000. Compare the impact of taking your RMD versus the benefits of making an IRA charitable rollover giŌ. Taking Your RMD • You pay income tax on your distribuƟon • You may not need or want the money • Your tax dollars go to Washington Making an IRA GiŌ • You will pay no income tax on your giŌ • You can help support your favorite causes • Your giŌ can help build your charitable legacy Double the Benefits! An IRA charitable rollover giŌ can benefit both you and your favorite cause! Contact your IRA administrator to get started with your giŌ. While you will not receive an income tax deducƟon, you will not pay taxes on any distribuƟons made to us. Please also inform us of your plans so that we use your giŌ for the causes that mean the most to you. P.O. Box 279, Corydon, IN 47112 812-738-6668

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