Episode 325 - Leaving Your IRA to Charity
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You may have heard the song \\u201cIf\\u201d by the \\u201970s group Bread. The beginning lyrics are:\\xa0\\u201cIf a picture paints a thousand words, then why can\\u2019t I paint you?\\xa0The words will never show the you I\\u2019ve come to know.\\u201d\\xa0Unfortunately, we can\\u2019t even come close to turning a traditional IRA into a ballad, but we can perhaps help you to soar a bit higher than you thought possible by using the most highly taxed account you own for a higher purpose: charitable giving. In essence, how could you leverage a highly taxable asset to do the good you can help others accomplish more readily than you can on your own? On today\\u2019s show, we\\u2019ll discuss an article Dennis wrote for Ed Slott\\u2019s newsletter called \\u201cWhy Leaving an IRA to Charity Makes Sense.\\u201d We\\u2019ll review all the benefits and options for gifting some or all your IRA to charity. Then Heidi will follow with Vanguard\\u2019s outlook for financial markets and their perspective on everything from inflation to markets here and around the world. Deann, of course, will include stats to keep the conversation engaging. Please remember \\u2026 your questions are welcome!\\xa0Tune in and take control!
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