New bipartisan bill would let retirees use their 401(k) to make direct charitable donations

New bipartisan bill would let retirees use their 401(k) to make direct charitable donationsPhoto: CNBC

Under current law, qualified charitable distributions — which are available to people age 70 1/2 — can only be made from individual retirement accounts.

Why this matters for military families

Legislative and executive actions that shape military funding, troop levels, and family support programs.

Read full article at CNBC

Originally published by CNBC. Summary and curation by DutyStation.ai.

📰 Related Stories

🏛️ Politics

U.S. Imposes Entry Restrictions for Some Citizens Amid Ebola Outbreak

NYT Politics22m ago
🏛️ Politics

Trump Says He Will ‘Try and Make’ Son Don Jr.’s Wedding, but Timing ‘Not Good’

NYT Politics33m ago
🏛️ Politics

5 Takeaways From the Democrats’ Autopsy of Kamala Harris’s 2024 Loss

NYT Politics35m ago
🏛️ Politics

How Walmart's gas price warning shapes our retail outlook — plus, Honeywell's quantum connection

CNBC1h ago
🏛️ Politics

Poll finds nearly three-quarters of Democratic voters oppose aid to Israel

Al Jazeera1h ago
🏛️ Politics

5 Takeaways From the Democrats’ Autopsy of Kamala Harris’s 2024 Loss

NYT Politics1h ago
← Back to Military News