Consider a tax-free gift from your IRA
An Individual Retirement Account (IRA) is a great way to put money aside for retirement, and after you have taken care of yourself and your loved ones, you may consider a Qualified Charitable Distribution (QCD) to help support non-profit organizations like the Rhinelander Historical Society. At age 70 ½ or older, you are eligible to make a QCD directly from your IRA account to a tax-exempt charity like the Rhinelander Historical Society, up to $100,000. If transferred directly from your account to the charity, the amount you give will not be subject to federal income tax. If you are required to take a required minimum distribution (RMD), you may also give all or part of your RMD as a QCD and the amount you give will not be subject to federal income tax. Please talk to your financial advisor to determine if this type of gift is an option for you. Rhinelander Historical Society is grateful for your generosity.