2022 Contribution Limits
Preparing for retirement just got a little more financial wiggle room. The Internal Revenue Service (I.R.S.) announced new contribution limits for 2022. A look at the new limits.
Preparing for retirement just got a little more financial wiggle room. The Internal Revenue Service (I.R.S.) announced new contribution limits for 2022. A look at the new limits.
People over the age of 72 who have IRAs are required to take RMDs out of the account. If they’re charitably inclined, they can take their distribution in the form of a QCD. The distribution would be a direct transfer to the charitable organization of their choice, up to a limit of $100,000.
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