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How can IRA owners support their favorite charity and still receive lifetime income?

For many years, donors aged 70½ and above have been able to make tax-favored charitable gifts directly from their individual retirement accounts to private foundations or donor advised funds. Now a recent development offers a fresh avenue for IRA owners who want to magnify their giving potential but continue to retain a stream of income from the donated funds. Learn how using tax-free transfers from IRAs to establish a charitable remainder trust or charitable gift annuity can provide additional advantages for experienced donors in this article from UMKC School of Law Professor Christopher Hoyt, JD.

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The Nautilus Group® is a service of New York Life Insurance Company. New York Life Insurance Company and its affiliates and agents and employees thereof do not provide tax, legal, or accounting advice. Individuals should consult with their own tax, legal or accounting professionals before implementing any planning strategies. SMRU 5018918 Exp. 04/30/2028

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