IRA Distribution

You may be able to transfer funds from your IRA directly to a charity such as the Scleroderma Research Foundation and reduce your taxable income.  Your required minimum distribution is the minimum amount you must withdraw from your account each year. According to the IRS, you generally have to start taking withdrawals from your IRA, SEP IRA, SIMPLE IRA, or retirement plan account when you reach age 72 (70 ½ if you reach 70 ½ before January 1, 2020).Contact your IRA administrator to learn about any restrictions and to distribute funds.