IRA Transfer

If you are 70½ or older, you now have the opportunity until the end of 2009 to use your IRA funds to make a charitable gift without the gift counting as a taxable distribution.

• You must be 70½ or older.
• You must transfer funds directly from the IRA account to a charity.
• Qualifying gifts are limited to $100,000 per year.
• You must make an outright gift.
• Gifts do not generate a federal income-tax deduction.
• Most charitable IRA transfers are not subject to state tax.

If you are eligible to benefit from this opportunity, do not delay.

Please contact us for assistance.

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