2012 Changes May Hurt Older Americans Who Support Charities

If you give to charitable organizations, you definitely want to read this post. There are some important changes being made to how some charitable contributions are treated that can potentially affect you. Two main areas to be aware of relate to IRAs and Charitable Gift Annuities. IRAs It is unclear right now if the IRA charitable rollover law will remain in place in 2012. What this means is that unless Congress intervenes people over the age of 70½ who are …

Volunteer? Or hang with the in-laws?

Donation to charities are down, and lots of people say volunteering is important but far fewer actually do it.