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Did you know you can share your retirement assets with Hyde Park United Methodist and distribute funds without paying ordinary income tax? Savers who have accumulated investments in tax-deferred IRAs (Individual Retirement Accounts) must begin distribution of these assets by the time they reach 70 1/2 years old. If those assets are not needed to support your retirement, you can distribute them directly to Hyde Park United Methodist. This strategy saves the payment of ordinary income tax on the amount of the distribution.

More information can be found on the Florida United Methodist Foundation website. You may want to consult your tax advisor. Questions? Email Lynn Osborne, Comptroller.