Joe Anderson
ABOUT Joseph

As CEO and President, Joe Anderson has created a unique, ambitious business model utilizing advanced service, training, sales, and marketing strategies to grow Pure Financial Advisors into the trustworthy, client-focused company it is today. Pure Financial, a Registered Investment Advisor (RIA), was ranked 15 out of 100 top ETF Power Users by RIA channel (2023), was [...]

Alan Clopine

Alan Clopine is the Executive Chairman of Pure Financial Advisors, LLC (Pure). He has been an executive leader of the Company for over a decade, including CFO, CEO, and Chairman. Alan joined the firm in 2008, about one year after it was established. In his tenure at Pure, the firm has grown from approximately $50 [...]

Did you know that you potentially avoid paying tax by giving to a charity directly from your Individual Retirement Account (IRA)? In this clip, Joe and Al show you how to do this by explaining the requirements and demonstrating how much you could save in taxes if you give from your IRA rather than writing a check to a charity.

Important Points:

0:04 “There is a way to donate directly right out of your IRA; this is relatively new.”

0:11 “You must be over 70 1/2 to do that. You can do up to $100,000 per person, per year. If you’re married, that’s a couple hundred thousand [dollars].”

0:20 “Here’s the important thing. It can count as your required minimum distribution. In other words, if you have a RMD coming up…you can give it directly to charity.”

1:24 “The example is a $10,000 donation to charity, and this is a couple that is age 73. They don’t have a lot of itemized deductions…so if they write a check, here’s what happens.”

2:15 “Social Security is one of those things where if you have less income, less is taxed.”

3:00 “That’s 26% savings right there by just directly giving it to the charity rather than taking the tax.”