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For those who would be interested, it will still be possible to pass up to $100,000 directly to charity from and IRA account. This is one way to take money from an IRA and have nothing taken out for income taxes. Thank you, U.S. Congress! Hopefully, there are plenty of folks who are in a position to make such a contribution.
There are a lot more folks out there who would like to benefit charity, but are not in a position to give away a large portion of their hard earned life savings. For those folks, there is an alternative: Would you consider giving $100,000 from your IRA to a gift annuity, if you received a $200,000 paid up insurance contract in return? What if you could use that $200,000 to pay for nursing care at home or in a facility? Would it make a difference?
If the answer is YES ? then order a copy of the free report that is offered on our home page.
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