LETTER FROM HEADQUARTERS, ABOUT OUR MEMBERS, LIVING ON THE REAL WORLD, ON-AIR METEOROLOGY, OBITUARIES

LETTER FROM HEADQUARTERS, ABOUT OUR MEMBERS, LIVING ON THE REAL WORLD, ON-AIR METEOROLOGY,... LETTER FROM HEADQUARTERS New Rules Provide a Great Oppor tunity for Giving to AMS Programs his column is mostly directed at those of you “of well before the end of the year. There are a few steps a cer tain age” who are facing the Required Mini- involved in setting this up initially that depend on T mum Distribution (RMD) from an IRA account. how your retirement assets are held. If your qualified Under the terms of the IRA Rollover Law enacted retirement assets are held in a defined contribution in December 2015, individuals over 70½ years of plan other than an IRA [like a 401(k) or 403(b) plan], age have the oppor tunity each year from 2016 on to you must first roll your plan (or at least the amount transfer any amount (up to $100,000) from an IRA you wish to give) into an IRA in order to qualify for to a qualified public charity free of any tax. You can the rollover to charity. This step is relatively easy, costs simply roll over your required RMD and thus avoid nothing, and can be accomplished by contacting your receiving the distribution as taxable income while at retirement http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Bulletin of the American Meteorological Society American Meteorological Society

LETTER FROM HEADQUARTERS, ABOUT OUR MEMBERS, LIVING ON THE REAL WORLD, ON-AIR METEOROLOGY, OBITUARIES

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Publisher
American Meteorological Society
Copyright
Copyright © American Meteorological Society
ISSN
1520-0477
D.O.I.
10.1175/BAMS_975_829-836_45Beacon
Publisher site
See Article on Publisher Site

Abstract

LETTER FROM HEADQUARTERS New Rules Provide a Great Oppor tunity for Giving to AMS Programs his column is mostly directed at those of you “of well before the end of the year. There are a few steps a cer tain age” who are facing the Required Mini- involved in setting this up initially that depend on T mum Distribution (RMD) from an IRA account. how your retirement assets are held. If your qualified Under the terms of the IRA Rollover Law enacted retirement assets are held in a defined contribution in December 2015, individuals over 70½ years of plan other than an IRA [like a 401(k) or 403(b) plan], age have the oppor tunity each year from 2016 on to you must first roll your plan (or at least the amount transfer any amount (up to $100,000) from an IRA you wish to give) into an IRA in order to qualify for to a qualified public charity free of any tax. You can the rollover to charity. This step is relatively easy, costs simply roll over your required RMD and thus avoid nothing, and can be accomplished by contacting your receiving the distribution as taxable income while at retirement

Journal

Bulletin of the American Meteorological SocietyAmerican Meteorological Society

Published: May 1, 2016

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