RetireAge50
Thinks s/he gets paid by the post
- Joined
- Aug 6, 2013
- Messages
- 1,663
We plan to continue tithing/giving to charities about 10% or so of our retirement income. Would it be a good idea to contribute as much as we can now (while we are working) into a donor advised fund? Then later use this fund for our giving as we take money out of our regular retirement accounts (pensions, IRA, 401k).
This would allow us to basically get 25% (we itemize now) back on our taxes now which we will otherwise not get back (probably not itemize later). Since the money will grow and come out tax free this seems even better than my 401k (for any money I plan to give anyway).
If so what is your recommended fund? Vanguard has one but the fees are bit more than the normal fund.
This would allow us to basically get 25% (we itemize now) back on our taxes now which we will otherwise not get back (probably not itemize later). Since the money will grow and come out tax free this seems even better than my 401k (for any money I plan to give anyway).
If so what is your recommended fund? Vanguard has one but the fees are bit more than the normal fund.