CLICK HERE to watch a video from Steve Schroeder, Retired Actuary. Are you 70 ½ years or older? Do you know about tax laws regarding your Required Minimum Distribution (RMD) from your Individual Retirement Account (IRA)? Have you considered a Qualified Charitable Distribution (QCD) to satisfy your Required Minimum Distribution (RMD)?
River Falls Library Foundation is a registered 501(c)(3) nonprofit charitable organization that can accept your QCD written from your IRA. Make sure you work with your tax professional to verify that your distribution meets QCD requirements and report it properly to the IRS.