I am still working but will have to take RMDs from my IRAs next year. So I really don;'t need the RMD money with the income from my practice and rental properties.
Believe it or not, between the medical expenses for the wife and I, plus my real estate taxes and charitable contributions, we have enough deductions to itemize on our 1040 every year.
Next year I will contribute at least $1000 a month to charities, mostly to my church. Someone advised that these contributions can be made directly from the IRAs and not incur any taxes.
But if I make contributions directly, I may not meet the threshold for itemizing my deductions. Is it more advantageous to contribute directly from the IRA, or must I do "what -if " scenarios with real-life numbers to make that decision?