New tax legislation allows — for a limited time — a way to make gifts to the WSU Foundation and other charities using individual retirement accounts (IRAs) without negative tax consequences.
Similar to previous legislation called the Pension Protection Act of 2006, the Emergency Economic Stabilization Act of 2008 allows distributions up to $100,000 per year per taxpayer to qualified charities from a traditional or Roth IRA.
The distributions are not reportable income to the plan owner, nor does he or she receive a charitable income tax deduction. The distribution can satisfy the plan owner’s required minimum distribution.
To … » More …
RICHLAND — Plan ahead for your retirement with hands-on lessons at an educational course at WSU Tri-Cities.
“Retirement Planning Today” is designed for adults ages 50 to 70 and led by Todd Halterman, a securities and investment advisor and president of Pacific Crest Planning Inc. in Kennewick.
“In today’s environment, it never has been more important for an investor to be educated and informed,” Halterman said. “This course brings a lot of practical, real-life answers to the questions people have about retirement planning.”
Attendees will learn how to:
• Determine the amount of money needed to retire.
• Create goals for a … » More …