- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I give a large gift from my pre-tax 401K to a charitable organization tax free? Should I transfer the funds to an IRA ? Should I gift some of the funds to my wife?
The gift is currently in a pre-tax 401K and will be 250 K in 2019. Both I and my wife are over 59 1/2. We are living on my (age 63) social security so the tax implications are critical. Also our AGI will be really low. We live in Pennsylvania and pay PA income tax. Thanks for your help.
Topics:
‎June 4, 2019
2:07 PM