Did you know you could designate part of your retirement funds directly to ninety-nine girlfriends?

Individuals who are 73 or older must withdraw required minimum distributions (RMDs) from traditional IRAs and certain retirement accounts. These withdrawals are taxed as ordinary income, which can increase your tax bill and push you into a higher bracket. However, you can turn this obligation into an advantage by donating your RMDs directly to a nonprofit through a qualified charitable distribution.

A qualified charitable distribution transfers directly from your IRA to an eligible nonprofit like ninety-nine girlfriends. When done correctly, this transfer counts toward your RMD but is not included in your taxable income, helps you support causes you care about, and may prevent impacts to your Medicare premiums. If you intend to use this strategy, speak with a financial advisor or tax professional to ensure it’s executed properly and fits your broader retirement plan.