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Don’t miss the chance to make a charitable IRA gift this year!
If you are 70 ½ or older and own an IRA, please consider making a charitable rollover gift before December 31. It can satisfy your required minimum distribution for the year as well as support the ministries of St. Richard’s parish.
If you make a direct transfer from your IRA to the church, you get to count that money toward your required minimum distribution – but because it’s not actually distributed to you, it will not increase your adjusted gross income! This option is particularly beneficial if you don’t itemize deductions on your tax return. Your financial advisor can help you decide how to take best advantage of this method.
Contact Sheryl Rose in the parish office if you have any questions. Thank you!
