AMJ Financial Blog

Avoiding Charitable IRA Beneficiary Mistakes

Are you considering donating your retirement assets to a charity?

Naming a non-profit organization as an IRA beneficiary may be something you’ve yet to consider, but doing so can benefit both you and your charity, as neither of you will pay income tax on the account.

However, using a retirement account for charitable gifting can also create a number of traps for both the charity and other IRA beneficiaries. From determining how to properly name your charity as an IRA beneficiary to separating accounts for each intended heir, there are certain steps that should be taken when naming a charitable beneficiary.

To maximize the amount gifted to your charity and other IRA beneficiaries, click here to learn download “Avoiding Charitable IRA Beneficiary Mistakes in 5 Easy Steps.”

For more information on estate planning strategies, give us a call at 703-466-0477 to schedule time to discuss further.

Securities offered through Triad Advisors, Inc Member FINRA/SIPC

Advisory Services offered through AMJ Financial Wealth Management LLC

AMJ Financial Wealth Management LLC is not affiliated with Triad Advisors, Inc.

 

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