Retirement Savings for Grownups

• What: The Mortgage Debt Committee is sponsoring an information session on retirement savings like IRAs 401Ks and 403Bs.
• Why: The simple concept of tax advantaged savings is complicated by the rules and restrictions of the programs. If you want to understand the nuances of Traditional IRAs and Roth IRAs you might want to attend.
• When: Sunday January 15 th after the second service. A light lunch will be served.
• Who is presenting: A professional financial advisor will be presenting information and answering questions. He is not offering any products or services. You will have ample opportunity to ask questions.
• Who should attend: Anyone who has retirement savings and wants to know the current rules and opportunities. If you are approaching the age where you need to start planning the use of your savings this is for you.

Subjects will include:

• Difference between IRAs, Roth IRAs, 401Ks and 403Bs
• Required withdrawal from your IRA when you reach a certain age
• How much to withdraw, when and tax implications
• Tax benefits for charitable giving directly from your IRA
• Roth Conversions: when and why