IRA Charitable Rollover

If you are age 70½ or older, you may be interested in the IRA Charitable Rollover – a way to lower your income and taxes from your IRA withdrawals while benefiting the Albuquerque International Association. This option offers the following benefits: 1) avoid taxes on transfers of up to $100,000 from your IRA to the AIA, 2) satisfy your required minimum distribution (RMD) for the year, 3) reduce your taxable income, even if you do not itemize deductions and 4) make a gift that is not subject to the deduction limits on charitable gifts.

Please consult with your financial advisor or attorney regarding this option to determine what is best for you and your situation.