Leave a Lasting Legacy: How RMDs Can Support Cameron House

If you are in your 70’s, the IRS requires that distributions from certain retirement accounts begin in the year you turn 73. If not properly planned for, these distributions may take a tax toll on your retirement nest egg.

Discover how you can use Required Minimum Distributions (RMDs) from your retirement accounts to support Cameron House’s mission while reducing any associated taxes.

In this article you will learn: 

• – Strategies to reduce the tax burden of RMDs, such as making qualified charitable distributions
• – Ways to gradually draw down your retirement savings to lower future RMDs
• – Tips for consulting financial professionals to develop a personalized plan