(720) 962-6700

Join Wambolt Wealth News

(720) 962-6700

Join Wambolt Wealth News

Today is Colorado Gives Day! Do some good with your RMD

December 4, 2018
Cindy Alvarez

Doing good feels (even) better with a tax write-off. We have a recommendation for you this holiday season.

Individuals that exceed the 70-½ age threshold are required by the IRS to take minimum distributions (RMDs) from their traditional IRAs, which have been growing tax-free since inception. The IRS will take a percentage of the investment gains in the form of taxes when the RMDs are distributed.

Why not roll some of that required minimum distribution (RMD) into a charitable gift to your favorite non-profit? That way, you not only do good for your cause, you also can reverse the taxable gains in the form of a tax deductible, gift-giving contribution.

While we’re talking about giving, we want to give a shout out to some of the non-profits where our clients serve in key roles and a couple community interests here at Wambolt:

Read about two of these volunteer-driven success stories on our blog. And submit your favorite charities to info@wamboltwealth.com to be included in our Wambolt community charitable-giving list. If you hold a board or other position with the charity, please let us know that too.

Year-end giving

Your Wambolt Advisor is available to help facilitate your charitable-giving. Set up an appointment today.

Learn moreCharitable giving in 2018 takes on a new look

Follow Us on LinkedIn

This commentary on this website reflects the personal opinions, viewpoints and analyses of the Wambolt & Associates employees providing such comments, and should not be regarded as a description of advisory services provided by Wambolt & Associates or performance returns of any Wambolt & Associates Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Wambolt & Associates manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.

Wambolt & Associates provides links for your convenience to websites produced by other providers or industry related material. Accessing websites through links directs you away from our website. Wambolt & Associates is not responsible for errors or omissions in the material on third party websites, and does not necessarily approve of or endorse the information provided. Users who gain access to third party websites may be subject to the copyright and other restrictions on use imposed by those providers and assume responsibility and risk from use of those websites.