Learn about the benefits of the IRA Charitable Rollover – a great tool to support your favorite cause and lessen your tax burden!…(read more)

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NDCF IRA Rollover – Making A Difference Through Charitable Giving

When it comes to building wealth, people often rely on Individual Retirement Accounts (IRAs) to help them secure a comfortable retirement. However, not everyone may be familiar with their IRA rollover options, especially when it comes to making charitable contributions.

The National Christian Foundation (NCF), a non-profit organization based in Georgia, offers a different approach to charitable giving by empowering individuals to give charitably with their IRA rollover through the NDCF IRA Rollover.

How Does NDCF IRA Rollover Work?

The NDCF IRA Rollover program allows individuals to transfer their IRA funds directly to a charity of their choice, without having to pay taxes on the transfer. This means that individuals can give a portion of their IRA funds to a charity of their choice while still receiving tax benefits.

To qualify, the IRA owner must be at least 70 1/2 years old and own a traditional IRA. The owner can give up to $100,000 annually from their IRA to a charity of their choice, including churches, non-profits, and other charitable organizations. The transferred funds are considered a Qualified Charitable Distribution (QCD) and are not subject to federal income taxes.

Benefits Of NDCF IRA Rollover

NDCF IRA Rollover provides many benefits to individuals who are looking to make a meaningful difference through their charitable giving:

1. Tax Benefits – By donating to a charity through the NDCF IRA Rollover program, individuals can reduce their taxable income and avoid paying taxes on their withdraws. This is especially helpful for individuals who are subject to required minimum distributions (RMDs).

2. Flexibility – Individuals have the flexibility to choose a charity that aligns with their values and passions. The NCF also offers guidance and resources to help individuals choose the right charity and ensure their donation has the greatest impact.

3. Legacy Planning – Giving through NDCF IRA Rollover can be an effective way to leave a lasting legacy while still maintaining control over one’s finances during their lifetime.

4. Impact – Knowing that their donation is making a difference in the lives of others can be a rewarding experience for individuals who want to make a difference in the world.

Conclusion

The NDCF IRA Rollover program provides a powerful tool that enables individuals to make a difference through charitable giving. By donating to a charity of their choice through their IRA, individuals can receive significant tax benefits and create a legacy that will continue to impact lives long after they are gone.

If you are interested in learning more about NDCF IRA Rollover and how it can help you achieve your charitable giving goals, contact the National Christian Foundation. Their team can help guide you through the process and provide additional resources to help you make a meaningful impact in the world.