Larry Maddox in WSJ on Charitable Giving with IRAs



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Larry Maddox, president of Horizon Advisors, contributed to an article in the Wall Street Journal on Saturday, May 26, titled “Getting Around Double Taxation.” Larry collaborated with writer Arden Dale in describing charitable gifts of IRA required minimum distributions. The article read in part,

“Retirees who want to give to charity may find it tax-efficient to roll part or all of a required minimum distribution to a favorite cause, advisers say. For taxpayers 70½ and older, the law allows a direct rollover of up to $100,000.

The strategy works especially well when a charitable contribution brings a taxpayer’s adjusted gross income below the thresholds for the new 3.8% investment-income surtax, says Larry Maddox, president of Horizon Advisors.”

Horizon Wealth Advisors is a Houston based fee-only wealth management firm. Horizon is a fiduciary advisor. We specialize in helping successful individuals and families understand, organize, and manage their often complex financial situations. Horizon offers integrated financial planning and investment management services.

Larry Maddox, CFP®, CPA
Larry founded Horizon Advisors, LLC in Houston, Texas in 1999 with fellow business partner Joe Thomson. He collaborates with our wealth management team and other external advisors to provide comprehensive wealth management services.

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