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Financial expert recommends donating to charity through retirement fund

Those who have a retirement account are required to withdraw a portion of it every year due to their age.

News 12 Staff

Jan 6, 2025, 2:25 AM

Updated 12 days ago

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A local financial expert says if retirees donate directly to a qualified charity from their retirement account, they won't have to pay taxes.
Those who have a retirement account are required to withdraw a portion of it every year due to their age.
He recommends donating to a qualified charity in one's own community to help people nearby.