If you have reached 70 ½ years of age, you can make cash donations to IRS-approved charities directly out of your traditional IRA. This is a tax-smart opportunity, but it will expire at the end of 2011 unless Congress acts.
Understanding the characteristics and distinct advantages and disadvantages of the most basic types of Individual Retirement Accounts (IRAs) can help as you prepare for retirement. Review the table below with your tax professional and/or Financial Advisor to help analyze and understand your options.
The Financial Advisors at Wayne Hummer Investments are experienced and credentialed experts in defining and achieving financial goals. Search our directory to find someone you can trust for the guidance you need.
