Many of our members and associates are in a unique situation where at age 70 ½ the Federal Government requires them to take a distribution from their IRA or 401k if they are not already taking regular distributions from those plans. If the person is still employed and is still receiving regular wages, this distribution becomes part of their taxable income for the year distributed.

In order to reduce the taxable wages that would be taxed that year, a person may donate a portion of the required distribution to a charitable organization and use that amount donated to reduce the required distribution that will be taxed.

Consider donating a portion of your RMA to the River Raisin Watershed Council and let’s put that additional funding to work in partnering, protecting and preserving our valuable watershed! Talk to your financial advisor on the benefits of an RMA donation.

When donating, please provide our mailing address to your IRA plan provider: 320 Springbrook Ave Suite 102; Adrian, MI 49221