Gudema Legacy Advisors

S. 1772: Public Good IRA Rollover Act of 2013 – For real?

This is a bill not only to reinstate the IRA Rollover, which should happen sooner or later, but it also throws in direct IRA transfers to establish planned gifts like Charitable Remainder Trusts and Gift Annuities! For donors age 59 1/2 and older!

Here is a link to the bill, if you are interested:  https://www.govtrack.us/congress/bills/113/s1772/text.

No way this bill gets passed by 12/31/13 – but I am sure the Senators who proposed know that.

The big takeaway is that IRA transfers to fund life income gifts is back in discussion in Congress!  That is great news for planned giving.

 

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