Quote:
Originally Posted by KC911
Future RMDs (taxable income) later also figured into my decision fwiw.
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RMDs are getting a little bit off the subject, but I paid my first RMD last year. I hadn't paid much attention to the rules regarding my traditional IRA before, but I had to do some learnin' to calculate my RMD. Turns out you can donate to a qualified 501c3 straight out of your IRA without ever paying taxes on it (and it qualifies as part of your RMD). This is available once you are 59 1/2. For 12 years I've been earning money, paying the taxes, and then donating it.
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