Give Where You Live

Those who are 70.5 yearsplus and have an Individual Retirement Account (IRA), are required to take part in the IRS-mandated minimal annual withdrawal via a yearly Required Minimum Distribution (RMD).This withdrawal is taxed as ordinary income in the year of withdrawal. However, if the distribution goes directly to charity, people don’t have to pay the tax.

Allocating part of the RMD to the Golden Age Foundation (GAF) is a simple way to help support many free Leisure World programs. People are encouraged to ask their tax or investment advisor about how to distribute funds to a nonprofit organization like the GAF, which is a 501 (c)(3) organization (Tax ID 23-7273105). Distributions should be sent to the Golden Age Foundation, P.O. Box 2369, Seal Beach, CA 90740.

For more information about the GAF’s community services visit www.goldenagefdn.org, or call 562-431-9589.

—Anna Derby The Golden Age Foundation is not affiliated with the Golden Rain Foundation or LWSB in any way.