POST? - Use Your IRA to Support the Kingdom in 2020
As we begin a new year, we’re excited to see how the Lord will work in His Kingdom. Recently, my oldest son was baptized along with several other young people at our church. As a father, with tears of joy I was reminded of God’s faithfulness to complete the work He has started (see Philippians 1:6).
In The Alliance, we are committed to completing the Great Commission. And at Orchard Alliance, we serve God’s people who are helping to finish this worldwide work through wise stewardship, including using tools like Traditional and Roth IRAs. For 2019 and 2020, you can contribute up to $6,000 if you’re under 50 and up to $7,000 if you’re over 50, subject to income and deduction limits. As you begin preparing for the initial tax filing season, consider an IRA that’s free of maintenance fees. What does that mean? There will be no annual fees on the assets we hold, which means higher returns and more dollars freed up for Kingdom ministry.
Do you know what your assets are currently supporting and building? If not, consider transferring your IRA to Orchard Alliance or open one today to begin directly supporting Kingdom initiatives. Orchard Alliance has strong loan demand, and these funds will go to work. You may also apply your IRA to help lower your church loan rate—contact us for more information about our “self-funding” option.
Soon you will be receiving your 2020 1099-INT or 1099-R forms. You can also review prior year statement history online.
For more information on how to establish an Orchard Alliance IRA, contact our Customer Care department at 833.672.4255 or info@orchardalliance.org. To all our partners, thank you for your engagement in this mission! As the Body of Christ, we will finish the work while Serving the Kingdom Together.