Bill Introduced to Make Charitable IRA Rollover Permanent

Bill Introduced to Make Charitable IRA Rollover Permanent

ID-10036284The Public Good IRA Rollover Act of 2013 (S. 1772) has been introduced by New York Senator Charles Schumer to the Senate Finance Committee. The bill’s goal is to “expand tax-free distributions from individual retirement accounts for charitable purposes.”

As our previous blog post communicated (, the Charitable IRA Rollover is set to expire on 12/31/2013. This bill proposes a permanent extension of the Qualified Charitable Distribution (more commonly known as the Charitable IRA Rollover). Although the bill would also allow tax-free lifetime transfers to other charitable split-interest entities, the real benefits of such transfers are questionable at this time.

More details can be found here:

Posted: December 13, 2013

Authored by: Terry Prather, CFP®, ChFC®

Direct Phone: 812-602-6307


Share your thoughts by tweeting to @PayneWealth or follow us for more useful information!


The information in this material is only as current as the date indicated, and may be superseded by subsequent market events or for other reasons. While all information prepared in this document is believed to be accurate, any statements of opinion constitute only current opinions of Payne Wealth Partners, Inc., which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. Accordingly, you should not put undue reliance on these statements. The information does not attempt to examine all the facts and circumstances that may be relevant to an individual’s financial needs. Payne Wealth Partners, Inc. is not soliciting any action based on these statements.

Contact Our Offices

Payne Wealth Partners, Inc.
Keystone Financial Consulting
601 N Cross Pointe Blvd
Evansville, IN 47715
Phone: 812-477-6221
Toll Free: 888-477-6221
  • YouTube
  • Follow us on twitter
  • Follow us on facebook
  • Follow us on linkedin
  • GooglePlus

FREE Financial Planning Guides and other exclusive content!

Get instant access to download all our current - and future - informational whitepapers and guides plus join our mailing list to receive the latest Payne Wealth blog posts. 

SUCCESS! Please check your e-mail inbox for your access link and password.