Win an Income-Tax Trifecta with charitable donations

Death is a certainty, but some taxes really don’t apply when you’re doing charitable activities using personal retirement account assets.

“If giving money to charity is part of your wealth plan, there is no better fund to leave than traditional IRA assets. When I explain this to people, a lightbulb lights up,” said Tim Steffen, director of tax planning at Robert W. Baird & Co., who helps his family members with donations. such donations, said.

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