qualified charitable distribution
A qualified charitable distribution from your Individual Retirement Account allows you to support Faith Lutheran Church and save on your taxes. If you are 70 ½ or older, you may instruct your retirement plan administrator to make a direct transfer of up to $100,000 to Faith Lutheran Church.
Advantages:
Distribution will count toward your Required Minimum Distribution
Funds are not included in your adjusted gross income, minimizing your tax liability. (Please note: No income-tax deduction is allowed for the transfer.)
Ready to take the next step? Contact Pastor Eric Carlson at eric@faithlc.org or call 515-225-8334.