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My Feature in InvestmentNews

  • rzophin
  • Dec 6, 2022
  • 1 min read

Updated: Dec 12, 2022

Don’t give up on charitable giving just yet



A bear market and inflationary pressures may have many Americans feeling less wealthy lately, but not necessarily less generous.


“For clients that are over the age of 70.5, a qualified charitable distribution from an IRA is a powerful charitable giving tool. A person can donate to one or more charities directly from their taxable IRA. Since the funds go directly to the charity, the funds are not reportable for federal or state income tax purposes,” said Peter Salkins, a financial planner at Integrated Financial Partners. “It is especially useful if the clients do not need the funds for living expenses and would have been forced to withdraw funds due to the required minimum distributions rules anyway.”


The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.


 
 
 

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Advisors associated with Integrated Financial Partners may be either (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, and investment advisor representatives of Integrated Financial Partners; or (2) solely investment advisor representatives of Integrated Financial Partners, and not affiliated with LPL Financial.  Investment advice offered through Integrated Financial Partners, a registered investment advisor. Integrated Financial Partners, Integrated Partners and The Salkins Group are separate entities from LPL Financial. 

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