As we head into autumn and toward the end of the calendar year, we think more about Required Minimum Distributions (RMDs). RMDs are simply the minimum amount that people 70½ or older must withdraw from their IRA accounts each year. IRS required minimum amounts are individualized, based on account balances and life expectancies.
All direct donations to ICA make these withdrawals tax free! For additional information or questions, please contact Patti at 952.279.0290 or patti@icafoodshelf.org.