Saturday October 21, 2017

News

Our News
Exciting events are happening at ABF
Thank you for your interest in American Baptist Foundation. Our hope is to serve you and your family with helpful information.
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Personal Planner
IRA and 401(k) Designated Beneficiary Options
Each year, IRA and 401(k)s are subject to required minimum distributions (RMDs). Because the distributions start at just under 4% at age 71 and then slowly increase, many IRA and 401(k) plans will...
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Savvy Living
Flu Shots for Seniors
What can you tell me about the flu shots for seniors? I became ill last winter after getting a standard flu shot and am wondering if there is a flu vaccine for older adults that would provide better...
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Washington News
Will Tax Reform Include New Charitable Deductions?
As the House Ways and Means Committee staff continues to draft a massive tax reform bill, a new proposal could expand charitable giving. This week, Rep. Mark Walker (R-NC) introduced the Universal Charitable Deduction Act (UCDA). The UCDA proposes allowing "above the line" charitable deductions in an amount equal to up to one third of the new standard deduction. If the standard deduction is increased from $12,700 for married couples to a proposed level of $24,000, then couples who take the standardized deduction could also deduct up to $8,000 in charitable gifts. The deduction limits are lower for single persons, but they also would be able to take both the standard deduction and charitable gift...
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