IRA Rollover

On August 17, 2006, President Bush signed the Pension Protection Act of 2006. Although its primary focus is on pension reform, the new law includes numerous charitable giving incentives. If you are over age 70 1/2, the Federal government now permits you to rollover amounts from your IRA to charity without claiming any increased income or paying any additional tax. These tax-free rollover gifts could be $1,000, $10,000 or any amount up to $100,000 in one year.

Click here for more information about the IRA Rollover gifts.

For more information, contact Robert Brown ’82, CFP at 717-796-5051 or toll free at 1-800-215-5433.

Click here for sample bequest language