NAPFA Fall 2023 National Conference Speaker

Kathleen Rehl is a semi-retired financial advisor, and educator now focusing on her own estate planning considerations, shares her experience with creating her "Legacy IRA" rollover to a charitable gift annuity (CGA) to support her chosen nonprofits after Congress passed the SECURE 2.0 legislation at the end of 2022. The potential benefits of the new Legacy IRA rules are threefold. First, they allow donors to enhance their charitable giving legacy and ensure their future charitable intentions are fulfilled. Second, they reduce the donor's tax bill in the year the CGA is created by excluding the amount contributed to the CGA from taxable income. And third, they create a stable lifetime income stream that can be paid to the donor and/or their spouse. Read Kathleen’s story recently published in Michael Kitces' Nerd's Eye View: “Legacy IRA” Rollover To A Charitable Gift Annuity: Using This New Tax-Advantaged Opportunity To Help Clients Achieve Charitable And Retirement Goals.