Shier pointed out that the American Taxpayer Relief Act of 2012 extended the deadline to make direct transfers from traditional IRA accounts to a qualified charity to December 31. Such distributions will count toward the required minimum distribution for those 70 1/2 or older and won’t be taxable; nor will then be included in taxable income, adjusted gross income or modified AGI.
Northern Trust's CIO Provides Investment Outlook
December 6, 2013
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