Wed May 01 2024, by Tyler Gardner
Yep. Looks like you'll be retiring with $2 million in your traditional IRA.
Yep. Can't wait to get our taxes from those distributions. You will owe us nothing.
What did you find this time? I'm donating the distributions to a qualified charity of my choice.
Do you consider us a charity? I've given you enough charity throughout my life.
Besides, if I donate to charity, it takes care of my distribution, it doesn't trigger any taxes, and if I donate stock, the capital gains resets for the charity.
I win, charity wins. And you? We lose. That's right.
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