As each one has received a gift, use it to serve one another as good stewards of God’s varied grace. Whoever preaches, let it be with the words of God; whoever serves, let it be with the strength that God supplies, so that in all things God may be glorified through Jesus Christ, to whom belong glory and dominion forever and ever. -1 Peter 4:10-11
How many of you know that at age 70 ½ an individual can use a strategy that can save themselves taxes on charitable giving if using a Traditional IRA? There has been a recent change to the tax laws known as Secure Act 2.0 that lifted the age from 70 ½ to age 73 for required minimum distributions (RMD) from Traditional IRA’s and could provide additional benefits to you and your charitable giving.
Please join parishioner, Kevin Spencer, certified financial planner, and a local attorney, as they present the strategies that lie in Secure Act 2.0 which was approved late last year. The Secure Act added a key alternative that could benefit you by providing tax relief on distributions from qualified accounts while you are alive, and the church when you are gone.
- Qualified Charitable Distributions
- Charitable Remainder Annuity Trusts
We will gather for coffee in the Social Hall on Saturday, March 11at 8:30 am with the presentation starting at 9:00 am. We hope you can join us to look at stewardship with a true tax advantage. Please register below or by calling the Parish Center.