Mail Order Concepts Magazine - Issue V-1601

 

Mail Order Concepts Magazine COVER Page
FULL PAGE ADVERTISERS
How YOU Can Advertise
In This Magazine




How To Make A Sizable Charitable Donation From Your IRA—Tax Free

If you are over 70 ½ years old, want to make a gift for a special charitable project, but your only liquid asset is your IRA, I have good news for you.

On August 17, 2006 the Pension Protection Act of 2006 (PPA 2006) was signed into law. This nearly 1,000 page piece of legislation marked the most sweeping changes to the pension arena in 30 years.

Let me give you two common examples that contain problems faced by seniors solved by PPA 2006…

Roger and Claire are retired. Roger spent his working career in the aerospace industry. He was more than well compensated and over the years accumulated a very large 401(k) plan. The plan grew nearly 500% during one 5 year bull market. When he retired, he rolled his 401(k) into an IRA. Other than their home, the IRA is far and away their biggest asset.

For years, Roger and Claire have been supporters of the Humane Society. Their local chapter is building an entire new wing on to their kennels. Roger and Claire would love to make a significant donation—somewhere in the neighborhood of $50,000 to $100,000.

Bill and Diane both worked during their entire careers. Mary taught 6th grade for 40 years. Bill was a career military officer. After his retirement, he spent another 20 years working in the private sector. Bill and Diane have more retirement plans than Carter has pills. Like Roger, Bill has a large IRA.

When Bill turned 70 ½, he was required to start taking the minimum required distributions each year from his IRA. But Bill and Diane don’t need the income; their other retirement income sources are more than adequate. Nevertheless, Bill must take these RMDs and pay tax on them as income.

Bill and Diane have been active in their church all their married life, all 45 years of it. Their church just bought a new organ. It was a purchase of necessity inasmuch as the old (very old) organ was becoming hazardous to play. The organist had to be careful or the organ would start to smoke. So, needless to say, the church did not pay cash for the organ; the majority of it was financed. Bill and Diane would like to pay off the organ.

Both Roger and Claire and Bill and Diane are warm-hearted people. Their devotion to charitable causes and their church is representative of the many people who support charitable organizations which reach out to help people.

But, prior to the passage of PPA 2006, their generosity could have been thwarted by several things…

1. In both cases, their principal liquid asset was an IRA. Neither couple had other assets from which to make a gift.

2. If the large sums were withdrawn from their IRAs, they would be subject to ordinary income tax.

3. If given to a charity, rules which limit the amount that could be deducted as a charitable contribution would have to be followed. This means that they may still have to pay tax on a portion of their IRA withdrawals.

But thanks to provisions in PPA 2006, Roger and Claire can make their gift to the Humane Society and Bill and Diane can pay off their church’s new organ using money from their IRAs and not pay any tax on the withdrawals. But they have to follow the rules…

1. First, you must be at least 70 ½.

2. You can give up to $100,000.

3. This only applies to 2006 and 2007.

4. You can’t withdraw the money from your IRA and then give it to your charitable cause. The transfer must be made directly from the custodian of the IRA to the charity.

5. These gifts, called IRA charitable rollovers, count towards your required minimum distribution for the year.

6. IRA charitable rollovers are not permitted for gifts to donor advised funds and supporting organizations. However, there are some exceptions that apply to funds held by community foundations: scholarship, field of interest, and designated funds qualify. So the first step is to contact your intended cause to see how they are classified and whether or not the law allows an IRA charitable rollover gift.

7. The gift must be a pure gift. In other words, there can’t be any personal benefit strings attached like tickets to an event.

8. You don’t have to report the IRA charitable rollover as income.

9. However, you don’t get a charitable deduction for your gift. Sorry, you can’t have your cake and eat it too.

This new law is a real winner. In these two examples, the Humane Society is able to build new kennels and a church pays off an organ they thought they were going to have to finance. The donors were able to make it happen despite the fact that the only real asset they had was an IRA. I hope this law is extended beyond 2007.

But like anything new, the name of the game is to communicate what is possible. The law was put into effect in late August 2006, so that didn’t leave a lot of time for IRA charitable rollovers that year. If you, or anyone you know, has an IRA and would like to make a gift, make them aware of this new option. If you are involved in a public charity, help their planned giving officer get the word out.

I do not dispense tax advice. It is imperative that you consult with your tax advisor and the charity to make sure it is qualified and that the gift is made in the proper manner.




 

Mail Order Concepts Magazine
FULL PAGE ADVERTISERS

!-WANT_TO_PURCHASE_ MINERALS_&_OTHER_OIL_&_GAS _INTERESTS.pdf
0-A-Lawson.pdf
0-D-Baker.pdf
0-RL-Browning-Endless-Cash-System.pdf
0-S-DADA-The-Millionaires Club-Lotto-Tickets.pdf
00-A-Moore.pdf
00-E-Bynum.pdf
00-H-Clay.pdf
00-J-SMITH.pdf
00-JC-Patton-Mail-Lists.pdf
00-Monique's Mail.pdf
00-R-Peterson.pdf
00-c-vandergrift.pdf
00-j-skuse.pdf
00-m-bugarini.pdf
00-r-vandergrift.pdf
00-wrights.pdf
1-J-Hurley-Free-Money-Making-Downline-for-Life.pdf
1-M-Golden-Make-Money-Simple-Cash-Payment-Plan.pdf
1-R-Bacha-The- Perpetual-Wheel-of-Fortune.pdf
2-D-Foley.pdf
20-J-Hurley.pdf
20-JCPatton-Mail-Lists.pdf
20-Robert-Peterson.pdf
20-T-E-Abraham-The-Wealth-Union.pdf
3-D-R-Deegan-Cash-Retirementt-Plan.pdf
3-J-Hurley-Time-Freedom-Rings.pdf
5-L-Valentine.pdf
5-L-Valentine2.pdf
5-S-Ford-The-Largest-Permanent-Matrix.pdf
5-T-Abraham-The-Wealth-Union.pdf
6-McCray.pdf
7-D&A-enterprises-P&M.pdf
7-D-Deegan.pdf
8-180-Niche-package-offer-THE DOUGLAS MILLIKEN COMPANY.pdf
8-CR-Ellard.pdf
8-E-Molina.pdf
8-L-Valentine.pdf
99-JC-Patton-Opportunity-Seekers-Names.pdf
99-JC-Patton-Silver-Eagle_Pro.pdf
A-BRADLEY.pdf
D&A-enterprises.pdf
Gerard-Jeanty-1.pdf
Gerard-Jeanty-2.pdf
K-SCHECHTER.pdf
R-DEL-PILAR.pdf
Rabbi-Rev-Earl-Kelly.pdf
T-Johnson.pdf
Your-2016-ADSHEET-DIRECTORY1.pdf
sam-scruggs-21.pdf

 

WANT TO PURCHASE
MINERALS AND OTHER
OIL/GAS INTERESTS.

Send details to:
P.O. Box 13557
Denver, CO 80201


Current Issue of 10/21/2017

CREATE A MASSIVE CASH FLOW EXPLOSION!

Highly Lucurative Business Model. Market The World's Greatest Nutrition. Protect Your Health And Build True Financial Wealth. Upgrade Your Lifestyle.
Call 618-306-1019

177


DISTRIBUTORS WANTED!
MAKE UP TO $10,000 MONTHLY
GIVING AWAY
FREE PRESCRIPTION DISCOUNT CARDS

which save people up to 87% at over 54,000 pharmacies nationwide! For a complete information packet, send this ad and $1.00 to:
ALLIED CONSULTING
PO BOX 111124
AURORA,CO 80042
Attn: RxCut-SCAB-1

152


BIG MAIL WANTED LISTINGS!

Your Name & Address Listed
Worldwide To Receive Tons Of Big Mail,
Business & Money Making Offers,
Dealerships, Free Special Mailing List.
You Also Get Free Reports To Get
You Started On Earning A Monthly Income.
Send This Ad, Your Info & $7 and 2 F/C Stamps To:
EDDIE NELSON
3312 - 20th. AVE.SO.
SAINT PETERSBURG, FL 33712

45


MAKE $300 ON EVERY SALE

Plus 500 FREE
postcards, names and stamps!
On every 5th sale working from home.
VISIT:
www.300perday
system.com/3070

122


FREE GASOLINE!

Become a lifetime member and never pay again for gasoline. Receive $100 prepaid gasoline card over and over again each time 10 people join the Club with your membership number on this flyer. Make copies of your certificate and give them away to friends or send them through the Internet to people you know. Send one time $24.95 membership in a self-addressed stamped envelope to:
SAM'S GAS CLUB
2112 HOLLYWOOD DR. #2A2
JACKSON, TN 38305 ID #609.
PH: 731-928-5601
Your Name:____________________
Address:______________________
City/State/Zip:__________________
Gasoline choice:_______________

66


MAKE A BUNDLE! SELL ORLANDO FUN VACATION INFO PACKS!

Show Folks Best Deals On Most Popular Resort And Vacation Rentals, Dining Out And Having Fun With The Entire Family! 25 Exciting, Fast Selling Info Paks. You Can Become An Exclusive Prime Source For All 25 And Make Up To $150 E-Z Sale!
Free Details Online. Log On Now!
http://www.homebizads. yolasite.com/resources/ orlando.pdf
Or Get The Money Making Free Details By Mail, 2F/Cs(or $1)Postage.
HAROLD BOSI
PO BOX 35-188
ELMWOOD PARK, IL 60707

2




75


WHY ARE THESE PEOPLE DANCING?

They just read "Basic Guide to Getting Rich". Order Your Copy today and learn the secrets of the rich and famous. Send $10.00 to:
WHITE SWAN
P.O. BOX 303
RANDALLSTOWN, MD 21133

93


SALES PERSONNEL

To Call On Spas, Beauty Salons,
Beauty Supply Stores, Boutiques,
Health Clubs, Etc.
To Introduce And Sell
WILD ROSE PERSONAL CARE PRODUCTS.
40% Commission On Every Case Sold.
Send Info To:
Sales
PO Box 303
Randallstown, MD 21133

12


OPPORTUNITY TO CUT MTG PAYMENTS
IN HALF

www.themtgmanager.org/ Aff8203LeRoyTaggart
www.themtgmanager.biz/ 8203LeroyTaggart
LSASE To:
LEROY TAGGART
233-01 MENTONE AVE.
LAURELTON QUEENS, NY 14422

19




77


GREAT REPORTS!!

How to Begin a Successful Co-Op Mailing Service,Secrets of Becoming a Good Salesperson, Organize Your time to Manage a Home-Based Business-
All three excellent reports to get you started in a successful business venture.
Send $10.00 to:
WHITE SWAN
PO BOX 303
RANDALLSTOWN, MD 21133

94


FREE
INSTANT CASH FLOW SYSTEM!

How To Make An Amazing Income For Life
With A FREE Instant Cash Flow System!
a $597.00 value!
Start From Absolute Zero And Create An
Amazing Income For Life - Guaranteed!
Return This Ad With $1.00 Processing Fee To:
Free Cash Flow System
100 Blackamore Ave., Suite 22
Cranston, RI 02910
(Reg # 1809)

40


Recipe For
SUCCESS * HEALTH * HAPPINESS

A Compilation of Selected Writings
by Allen Flood
E-BOOK NOW AVAILABLE FOR PURCHASE!
FOR A COPY PLEASE VISIT
WWW.ALLENFLOOD.COM

155


*HOW*
To Get One Million
People
To Send You $2.00

LEARN MY EASY METHOD!
Plus Receive Proof This Method Works.
Rush $2.00 & LSASE To:
R.L. Traylor
PO Box 3503
Gardena, CA 90247

119


SALES PERSONNEL

To Call On Spas, Beauty Salons,
Beauty Supply Stores, Boutiques,
Health Clubs, Etc.
To Introduce And Sell
WILD ROSE PERSONAL CARE PRODUCTS.
40% Commission On Every Case Sold.
Send Info To:
Sales
PO Box 303
Randallstown, MD 21133

12



167


FREE ADS!
Filler Ads wanted for new ad sheets.

1" c/r only, limit of 3 per issue.
MICKEY PARKER
413 S. MALLARD ST.
LAS VEGAS, NV 89107

151


WOW Start Up Home Based Business
For Under $20

With HUGE PROFIT POTENTIAL!
FREE DETAILS Send SASE To:
BRIAN ARENDELL
PO Box 20783
Portland, OR 97294

28


PRETTY BABY!

Hand & Body Lotion
Bath & Shower Gel Products
Made For A Smooth, Touchable You!
8 Oz. Set $29.00
WHITE SWAN
PO Box 303
Randallstown, MD 21133
Who's Baby Are You?

13


Betty Boop's



153


HATE MAIL--THE REASON FOR HATE MAIL And HOW TO RESPOND! IMPROVE YOUR CUSTOMER SERVICE SKILLS.

Report-Reprint Rights $3.00 To:
WRIGHTS Co.
Box 1886
Horsham, PA 19044
http://Wrightsco.com

137


EASY WAY TO BIG EBAY PROFITS!


35


FINALLY , A WAY FOR AVERAGE PEOPLE TO MAKE UP TO $1,000 PER WEEK.

Go to http:wwwmailboxmiracle.com/906
Call 24 hour:518-530-1744
Must use ID #906

112




    


images_article



images_horiz_220x90



images_horiz_468x60



images_horiz_728x90



ad_images_mini



images_square

images_vert


Mail Order Concepts Magazine

Mail Order Concepts Magazine - COPYRIGHT © - ALL RIGHTS RESERVED