Kim is age 70 ½ and needs to start taking required minimum distributions from her retirement accounts. Using the IRA Charitable Rollover, she knows she can make a tax-free transfer from her IRA to charity and have it count as her RMD. However, she's also considering withdrawing the money and making a charitable donation on her own. Assuming she itemizes deductions, wouldn't the latter of the two options have the same effect?
Learn which is the better option for Kim and the variety of reasons why it's more beneficial