Episode Highlights
Understanding Required Minimum Distributions (RMDs)
Kim Moeller kicks off the episode by demystifying Required Minimum Distributions (RMDs)—mandatory IRA withdrawals now starting at age 74 that are subject to taxes. It’s essential information for anyone planning their retirement finances.
Jill Johnson’s Journey of Generosity
Jill Johnson, our guest, shares her incredible story of treating her IRA as “God’s money. Despite accumulating her savings pre-taxes, Jill is committed to tithing and making a significant impact through strategic, tax-efficient giving.
During the pandemic, the U.S. Congress allowed tax-free charitable donations, which propelled Jill to donate generously to her church and organizations like Hope International.
Strategic Giving and Financial Advice
Discover valuable insights as Jill discusses strategies for tax-efficient giving, such as Qualified Charitable Distributions (QCDs) and testamentary charitable remainder trusts (CRTs). She emphasizes the power of compound interest and shares her story of saving diligently throughout her career.
Impactful Community Support
One heartwarming highlight is Jill’s story about a group of elderly women from her church coming together to support a struggling single mother—providing resources, arranging childcare, and even purchasing a used car for her. Jill is passionate about facilitating more groups focused on charitable giving in the future.
