On Tuesday, June 17 at 7 pm EDST, the Take Charge Foundation in Bloomfield will host a free online Zoom seminar for seniors, "Contributing to Your Church Ministries Directly from Your Retirement Accounts." Facilitating the seminar will be Brenden Healy, CPA.
The seminar will share how seniors may save money on federal taxes by making contributions to their church from their retirement accounts. By law, at a certain age, seniors are required to begin withdrawing money from their 401(k), IRA or other retirement accounts, and must pay taxes on the money they withdraw. However, seniors who set up the process to have their retirement money sent directly to the church pay no taxes on the donated money.
Healy has decades of expertise working with individuals and non-profits. He holds a B.S. in Accounting from Central Connecticut State University and a M.S. in Taxation from the University of Hartford. He is an active member of the American Institute of Certified Public Accountants and the Connecticut Society of Certified Public Accountants, where he served as Chairman of the Society's State Taxation Committee and as a member of its Board of Directors.
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Take Charge Foundation is a 501(c)3 non-profit organization with the mission of increasing the financial and health literacy of multiple generations of people in minority and underserved communities across the United States. The Foundation hosts online and in-person seminars on various topics, for teens and parents, young adults, middle households, single women and seniors. For more information, please visit www.TakeCharge.foundation or contact Elvin Turner at 860.212.7281 or eturner@takecharge.foundation.
