Personal Finance Advice: IRA Donations and Chapter 7 Bankruptcy

Financial advice columns address a couple's disagreement over donating from their IRA to charity and a divorcing woman's eligibility for Chapter 7 bankruptcy due to significant credit card debt.

8 Apr, 10:00 — 8 Apr, 10:00

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marketwatchMostly Factual6h ago

We’re in our 70s with no heirs. I like donating $30,000 from our $700,000 IRA to charity — my husband disagrees. Who’s right?

“Our income — Social Security, his VA disability and three pensions — covers all expenses.”

By Quentin Fottrell

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Personal Finance Advice: IRA Donations and Chapter 7 Bankruptcy

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We’re in our 70s with no heirs. I like donating $30,000 from our $700,000 IRA to charity — my husband disagrees. Who’s right?

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