Legacy of Hope
What will be your legacy? Including St. Mary’s Food Bank in your estate plan is the best way to Leave a Legacy of Hope.
The poor and struggling will always be with us. Remembering St. Mary’s in your final wishes will help secure our financial future and perpetuate our mission to alleviate hunger in Arizona. Our Development department staff will be happy to address your questions. We strongly suggest you speak to your attorney about your specific situation and wishes.
2831 N. 31st Avenue,
Phoenix, AZ 85009
IRA Minimum Required Distribution
From IRS website. Alert: If you turned age 70 ½ prior to January 1, 2020, your RMDs are based on age 70 ½, not age 72. You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 70½. However, changes were made by the Setting Every Community Up for Retirement Enhancement (SECURE) Act which was part of the Further Consolidated Appropriations Act, 2020,P.L. 116-94, signed by the President on December 20, 2019. Due to changes made by the SECURE Act, if your 70th birthday is July 1, 2019 or later, you do not have to take withdrawals until you reach age 72. Roth IRAs do not require withdrawals until after the death of the owner.