Charitable donations from retirement accountsCharitable donations from retirement accountsQ. I have a TSP government account and need to take RMD this year. I am told that I cannot send the money directly to a charity. Is this true?Louis Hochman (test)Louis Hochman (test)
Taxes on retirement account withdrawalsTaxes on retirement account withdrawalsQ. I’ve put $100,000 into my 401( k) and it’s worth $140,000 now. If I take out $30,000, I’m taking out part of my contributions. Do I have to pay taxes on any of this because I already paid taxes on the first $100,000? Louis Hochman (test)Louis Hochman (test)