Required minimum distribution can help your community

GAF

The Golden Age Foundation is a non-profit 501(c)(3) organization (Tax ID # 23-7273105) that has made a positive impact in the Leisure World community since 1973. Over the years, through the support of volunteers, individuals and organizations the Foundation has organized and implemented many programs that have benefitted people in the community at no cost to residents. The GAF is entirely staffed by volunteers.

If you are 70.5 years or over and have an Individual Retirement Account (IRA), you are required to take part of your income via a yearly Required Minimum Distribution (RMD). This withdrawal is taxed as ordinary income in the year of withdrawal.

Allocating part of your RMD to the Golden Age Foundation is a simple way to help support many Leisure World programs Ask your tax or investment advisor about how to distribute funds to a non-profit organization.

Distributions can be sent to the Golden Age Foundation, P.O. Box 2369, Seal Beach, CA 90740. For more information on the GAF’s community services visit www.goldenagefdn.org or call 562-431-9589. — Anna Derby