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Schwab Charitable Shows Philanthropy Can Help Offset Taxes on Roth IRA Conversions
Business Wire - In January, the IRS eliminated certain income caps associated with Roth IRAs, effectively allowing millions of higher income earners to convert assets held in traditional, SEP-, or SIMPLE IRAs, or a 401(k) from a former employer to a Roth IRA. Schwab Charitable, one of the nation’s largest and fastest growing national donor-advised fund organizations, has issued a brief on the benefits of using charitable giving to help reduce taxes resulting from Roth IRA Conversions. Read more...
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