Providence Association – Life Insurance & Retirement Savings

The Simple Guide to Life Insurance: EVERYTHING YOU Need to Know

Ivanna Olenchin — Mon, 27 Oct 2025 17:45:52 +0000

Whole Life Insurance from our Fraternal Society

Why Whole Life Insurance from a Fraternal Society is the Smart Choice for Professionals Aged 25-50

In today’s complex financial landscape, whole life insurance is not just a tool for protecting your loved ones after you’re gone—it’s a cornerstone of long-term wealth building and financial planning.

For young professionals between the ages of 25 and 50, finding the right life insurance policy can be challenging, especially with the flood of options from large insurance companies. However, many are discovering that whole life insurance from a fraternal society offers the perfect blend of coverage, affordability, and long-term financial benefits.

In this article, we will delve into the advantages of whole life insurance, how it compares to other policies, and why fraternal societies may be the best option for professionals seeking both financial protection and investment growth. Plus, we’ll explore the living benefits that make whole life insurance an even smarter investment for today’s younger consumers.

What Is Whole Life Insurance?

Whole life insurance is a type of permanent life insurance that covers you for your entire life as long as premiums are paid. Unlike term life insurance, which provides coverage only for a specific time period, whole life guarantees a death benefit to your beneficiaries, no matter when you pass away. Additionally, it includes a cash value component that grows over time, providing you with both protection and an opportunity to build wealth.

Why Large Insurance Companies Might Not Be the Best Fit

While major, well-established insurance companies offer a wide range of products and automated services, they may not always be the best choice for young professionals. Here are some reasons why:

1. Impersonal Service

Big insurance companies often have an impersonal customer service experience, which can leave you feeling like just another policyholder. With a fraternal society, however, you can expect more personalized attention and support tailored to your individual financial needs.

2. Higher Premiums and Fees

Corporate insurance companies are typically for-profit organizations, which means they have higher overhead costs that can be passed on to customers in the form of higher premiums. In contrast, fraternal societies are nonprofit organizations, which often means more affordable whole life insurance premiums for members.

3. Limited Flexibility

Large insurers often use a rigid, cookie-cutter approach to life insurance. Fraternal societies, on the other hand, can offer more customized coverage options and flexible terms based on your unique financial situation, career stage, and goals.

Key Benefits of Whole Life Insurance

1. Lifetime Coverage with a Fixed Premium

One of the standout features of whole life insurance is that it provides permanent coverage. You don’t have to worry about expiring coverage or increasing premiums as you age, making it a more stable long-term investment compared to other policies. The fixed premiums ensure that your payments remain predictable, which is ideal for professionals who need budgeting certainty.

2. Cash Value Accumulation

A major advantage of whole life insurance is the cash value it builds over time. As you pay your premiums, a portion of them goes into an interest-bearing account that grows tax-deferred. This means your policy not only provides a death benefit but also acts as a savings or investment vehicle. You can borrow against the cash value for emergencies or life milestones, or even use it as a supplemental retirement income.

3. Dividends (For Some Policies)

Many fraternal societies and mutual insurers offer dividend-paying whole life insurance policies. These dividends are not guaranteed, but when paid, they can be used to increase your policy’s cash value, reduce your premiums, or be taken as cash. Over the years, these dividends can significantly increase the value of your policy.

Why Whole Life Insurance from a Fraternal Society is a Game Changer

1. Affordable and Flexible Coverage

Fraternal organizations operate on a nonprofit basis, which means they don’t have the profit-driven agenda of large corporations. This can translate into more affordable premiums and more flexible coverage options. For young professionals, this is a significant benefit—affordable premiums with the ability to modify coverage based on your changing financial situation.

2. Community and Support

Being a member of a fraternal society means you’re not just buying insurance; you’re becoming part of a community. Many societies offer member benefits like financial education, wellness programs, and even networking opportunities. This sense of community support can make a huge difference, especially when you need financial guidance.

3. Dividend-Eligible Policies

Fraternal life insurance policies are often dividend-paying, which allows policyholders to benefit from the society’s financial performance. This can further reduce premiums or enhance your policy’s cash value, making the policy even more of a long-term investment.

Living Benefits: A Key Advantage for Younger Consumers

In today’s market, living benefits are becoming increasingly important for younger life insurance buyers. These benefits allow you to access a portion of your policy’s death benefit while you’re still alive, offering additional financial security and flexibility in the event of unexpected circumstances. Here’s why living benefits are a game-changer:

1. Critical Illness Coverage

Many whole life insurance policies from fraternal societies include critical illness riders, which provide access to your death benefit if you’re diagnosed with a serious illness, like cancer, heart attack, or stroke. This can be crucial for young professionals, as it helps cover medical expenses and lost income during a period of illness.

2. Chronic Illness and Long-Term Care

If you become chronically ill or require long-term care, a chronic illness rider can give you access to your policy’s death benefit. This is a huge advantage for younger consumers who may not yet be thinking about needing long-term care but want to ensure they have financial options if the need arises.

3. Wealth Accumulation

Whole life policies offer cash value accumulation that grows tax-deferred over time. For professionals in their 30s and 40s, this means that you can start building wealth now while ensuring financial security for the future. Additionally, living benefits allow you to leverage the cash value for investments or other financial needs without needing to access traditional retirement accounts.

Why Whole Life Insurance is a Smart Investment for Professionals

For young professionals, whole life insurance from a fraternal society offers the perfect blend of financial protection, wealth-building opportunities, and investment growth. Here’s why it makes sense:

Permanent Coverage ensures that your family and loved ones are protected, no matter when you pass away.
Cash Value grows over time, providing you with a financial asset that can be leveraged during your lifetime.
Affordable Premiums and dividends from fraternal organizations make it a cost-effective long-term strategy.
Living Benefits provide immediate access to funds during illness or other life challenges, giving you flexibility in managing your health and finances.

By choosing whole life insurance from our fraternal society, you not only secure your future but also benefit from our community-centered approach to insurance.

The Smart Choice for the Modern Professional

For today’s professionals, whole life insurance from a fraternal society is more than just a safety net—it’s a strategic investment in both financial protection and wealth-building. With the right policy, you’ll have lifetime coverage, cash value accumulation, dividends, and living benefits that give you financial security today and for the years to come. If you’re between 25 and 50 and looking to make a smart financial move, consider exploring the benefits of joining a fraternal society and securing whole life insurance that works for you.

Check out some Whole Life insurance Options we offer below, or contact us to talk to someone directly.

Traditional

20 – Pay

Single Premium

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Election Commission Report

Ivanna Olenchin — Wed, 30 Jul 2025 14:47:21 +0000

Report of the Election Commission for TERM 2026-2030

updated November 4, 2025

Election Commission Report

The Election Commission consisting of Roman Siletsky, Valentina Borodevyc and Christina Fedorijczuk met at the Home Office of the Providence Association on November 3, 2025 to count the ballots received for the election of the Executive Committee, Board of Directors, and members of the Audit Committee to serve the organization for the four-year period 2026 to 2030. The ballots accepted for the count were post marked by the cutoff date of October 15, 2025 or were hand delivered with a stamp date no later than October 15, 2025.

The Election Commission concludes the following:

8299 ballots were mailed to the membership.
829 ballots were returned due to incorrect addresses.
497 ballots were accepted
6973 ballots were never returned to the Home Office.

The Election Commission ascertains the following results for the Executive Committee, Board of Directors, and Audit Committee to serve the Providence Association for the term 2026-2030:

President

Rt. Rev. Ihor Midzak 476

Vice-president

Halyna Dubil 470

Spiritual Director

Mitred Archpriest Peter Waslo 478

Secretary

Eryna Cvikula-Korchynsky 481

Treasurer

Myron. B. Soltys 482

Board of Directors

Roman Mykijewycz 475

Rev. Michael Polosky 470

Rev. Teodor Czabala 473

Myroslawa Demkiw 472

Melanie Dubenko 472

Michael Midzak 471

Ivanna Olenchin 468

Ihor Shevchuk 470

Natalka Swavely 465

Audit Committee

Tatiana Rebensky-Hancock

Michael Sawkiw

For the Election Commission:

Roman Siletsky

Valentina Borodevyc

Christina Fedorijczuk

Report of the Election Commission for TERM 2026-2030

The Election Commission of the Providence Association of Ukrainian Catholics in America composed of the following individuals:

Roman Siletsky, Chrystyna Fedorijczuk and Valentina Borodevyc met on Tuesday July 22, 2025 at the Home Office (817 N. Franklin Street, Philadelphia, PA 19123).

The Election Commission reviewed and accepted signatures of Providence Association members who endorsed each candidate to the General Assembly of the Providence Association for the term 2026-2030.

Accordingly, the following shall be the candidates for the offices of the General Assembly.

LIST OF CANDIDATES:

President:

Rt. Rev. Mitred Archpriest Ihor Midzak, V.G.-Stamford, CT (Branch 188)

Vice President:

Halyna Dubil-Philadelphia, PA. (Branch 180)

Spiritual Director:

Mitred Archpriest Peter Waslo -Philadelphia, PA. (Branch 73)

Corporate Secretary:

Eryna Cvikula-Korchynsky-Philadelphia, PA (Branch 5)

Treasurer:

Myron B. Soltys- Philadelphia, PA (Branch 14)

Directors:

Roman Mykijewycz-Philadelphia, PA (Branch 180)

Rev. Michael Polosky-Hatfield, PA (Branch 145)

Rev. Teodor Czabala-Binghamton, NY (Branch190)

Myroslawa Demkiv-Philadelphia, PA (Branch 185)

Melanie Dubenko-Philadelphia, PA (Branch 16)

Michael Midzak-Philadelphia, PA (Branch 85)

Ivanna Olenchin-Irvington, NJ (Branch 207)

Ihor Shevchuk-Yonkers, NY (Branch 169)

Natalka Swavely-Philadelphia, PA (Branch 180)

Auditing Committee:

Tatiana Hancock-Philadelphia, PA (Branch 85)

Michael Sawkiw Jr.-Cohoes, NY (Branch 28)

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Join the Board of Directors

Ivanna Olenchin — Mon, 30 Jun 2025 19:38:00 +0000

Answer the Call: Join the Board of a Legacy Ukrainian Catholic Fraternal Organization, THE PROVIDENCE ASSOCIATION of Ukrainian Catholics

Are you a driven professional with a passion for faith, heritage, and strategic innovation? Do you thrive in the face of complex challenges? If so, a rare opportunity awaits you.

For over 100 years, our Ukrainian Catholic fraternal organization has served as a pillar of community, faith, and financial security for generations. Rooted in spiritual and cultural tradition, we’ve offered life insurance protection, retirement savings, scholarship programs, and significant charitable outreach—empowering members while honoring our rich heritage.

But times have changed.

Today, fraternal organizations across the country face unprecedented challenges: declining membership, evolving financial markets, generational shifts in engagement, and fierce competition from modern financial institutions.

Maintaining relevance without compromising our mission and values, requires bold leadership, fresh thinking, and a willingness to reimagine what our fraternal organization can be.

We are actively seeking board candidates with expertise in marketing, finance, business development, financial trends and other industries listed below—leaders who see opportunity where others see decline.

This is a call to those who thrive on transformation. You’ll be tasked with helping redefine our organization for the 21st century—modernizing our message, innovating member benefits, strengthening financial sustainability, and deepening our impact in the Ukrainian Catholic and broader communities.

Board service here is more than a governance role. It’s a mission. You’ll work alongside dedicated members who share a commitment to faith and culture, while making real contributions that shape the future of a storied institution.

If you’re a strategist, a builder, a believer in the power of tradition meeting innovation—then this is your challenge.

We are looking for members of the association who have one or more of the following core competencies:

Insurance industry, trends and marketing
Accounting, Finance, Investing
Business development, growth strategy
Leadership, entrepreneurship
Developing vision and strategy
Legal, Marketing, AI

Join us. Lead with purpose. Help write the next chapter of our 100+ year legacy.

Contact us today to learn more about becoming a board member.

Learn more about our history and mission.

If you are interested and have the willingness to be a part of the Board of Directors of the Providence Association, download and fill out the election candidacy form, and please EMAIL the Elections Committee.

The Board of Directors met on June 30, 2025 and unanimously decided to extend the Nomination deadline for candidates for the Providence Association Board of Directors until July 15, 2025.

Interested and qualified individuals are asked to submit the completed the election candidacy form,form to the Home Office no later than July 15, 2025.

The Election Committee will verify all forms and supporting signatures.

Any questions should be directed to Eryna Korchynsky, Corporate Secretary at 215-627-2445 ext. 200.

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Scholarships 2025-2026

Ivanna Olenchin — Sun, 25 May 2025 14:00:00 +0000

The Future looks bright with Scholarships!

Below links provide eligibility requirements and applications for each scholarship.

KOTUR – Providence Scholarship Application

Bishop Soter Ortynsky Scholarship Application

Please provide the scholarship applications and necessary documents via email to Eryna Korchynsky.

Read more about each scholarship. Feel free to contact us with any questions!

The deadline for the application is August 15.

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Scholarships for Providence Members

Ivanna Olenchin — Fri, 09 May 2025 15:09:09 +0000

Providence Scholarships reaching our members

Meet Maria, one of the Recipients of the Kotur Scholarship for 2024-2025

Maria Kulchyckyj is a dual degree candidate pursuing a Master in Public Policy at Harvard Kennedy School and an MBA at MIT Sloan. As a graduate student, Maria has also worked actively with numerous Harvard organizations including the Ukraine Caucus, the Harvard Ukrainian Research Institute (HURI), the European Conference, and the HKS Student Policy Review to advocate and spread awareness about Ukrainian policy, history, and culture on campus. The Kotur scholarship has greatly supported Maria’s studies by providing direct assistance for tuition. The scholarship has also helped develop Maria’s academic and professional goals, and she aspires to give back and support the Ukrainian community in her future careers.

Unlocking Opportunity: The Hidden Benefits of Joining our Fraternal Life Insurance Organization

When most people think of life insurance, they picture financial protection for loved ones after death. However, joining a fraternal organization like Providence offers far more than traditional coverage—it provides a community-driven approach to security, opportunity, and support for the living.

One standout benefit of fraternal organizations is access to scholarships and educational grants. Our nonprofit society is member-based and deeply committed to helping families thrive. Whether you’re a parent planning for your child’s future or a student seeking support, scholarships through these groups can significantly reduce the financial burden of higher education. Unlike banks or for-profit insurers, fraternal organizations reinvest their proceeds into member benefits—not shareholders.

But the perks don’t stop at education. Life insurance itself can provide living benefits that many overlook. Certain policies, especially whole and universal life insurance, accumulate cash value over time, which policyholders can borrow against for major expenses—be it a home down payment, medical costs, or even starting a business.

Some policies offer accelerated death benefits, allowing access to funds if the insured is diagnosed with a terminal illness, giving families financial flexibility during a difficult time.

Membership in a fraternal society like ours also fosters a sense of belonging. We are all somehow connected through a church, and organization, or even an event that took place in our communities.

In a world of impersonal financial products, fraternal life insurance stands apart—blending protection with purpose. By joining us, you not only secure your family’s future but also gain access to life-enhancing benefits, while you’re still here to enjoy them.

It’s not just about insurance; it’s about investing in a community that invests in you.

Learn more about our annual scholarships

Learn more about our Insurance Products

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General Assembly Meeting Agenda

Ivanna Olenchin — Sun, 02 Mar 2025 14:34:00 +0000

Providence Association – Meeting of the General Assembly

THE ANNUAL MEETING OF THE GENERAL ASSEMBLY OF THE PROVIDENCE ASSOCIATION OF THE UKRAINIAN CATHOLICS IN AMERICA WILL BE HELD VIA TELECONFERENCE ZOOM ON FRIDAY, APRIL 25, 2025

The Annual Meeting of the General Assembly will begin at 9:00 am on Friday, April 25, 2025 via teleconference ZOOM with the following agenda:

AGENDA:

Opening invocation
Acceptance of proposed agenda
Greetings of the Ukrainian Catholic Hierarchs
Reading and acceptance of the minutes from the previous Annual Meeting of the GeneralAssembly
Report of the President
Report of the Vice President
Report of the Spiritual Advisor
Report of the Secretary
Report of the Treasurer
Reports of the Directors
Report of the Investment Manager
Actuarial Report Miller & Newberg Consulting Actuaries (presented by ENDePersis Fraternal Consulting, LLC)
Committee Reports
- a) Arbitration Committee Report
- b) Bylaws Committee Report
- c) Human Resources and Compensation Committee Report
- d) Nominating and Governance Committee Report
- e) IT Committee Report
Marketing: Website and Social Media Reports
Report of the Auditing Committee
Discussion and acceptance of reports
Sales and Marketing Plan
Budget and Proposals of the General Assembly
Letters and Petitions
Miscellaneous the proposed agenda
Closing prayer

Participants of the Annual Meeting of the General Assembly of the Providence Association are: Officers of the Executive Committee, Directors of the General Assembly, Auditing Committee, and Honorary Members.

Rev. Ihor Midzak, President

Eryna Cvikula-Korchynsky, Corporate Secretary

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Providence Scholarship Recipients

Ivanna Olenchin — Mon, 25 Nov 2024 07:45:00 +0000

Providence Association - Scholarship Recipients for 2024-2025

Providence Association is honored to present three scholarships this year!

It is comforting to know that there are bright and motivated young minds aiming to be our future doctors, engineers, IT experts and business savyy profesionals.

Not only are these students exceptionally talented, they are from our very own Ukrainian Communities. Their understanding and respect for the Ukrainian heritage is shown in their lifestyles with Ukrainian clubs, sports teams and Ukrainian language schools.

They have accomplished significant goals, early in their lives, and we hope that our scholarship helps them achieve the next steps in their success.

Kotur Scholarship

The Kotur Scholarship Fund was established by Eugene and Elinor Kotur.

Eugene was born in Lviv, Ukraine on February 12, 1912. His father emigrated to America, hoping to unite his family at a later date.

At a very early age, Eugene suffered the inevitable privations as the war intensified. Eventually, family was reunited and settled in Elmira, New York. Eugene began to attend public schools and eventually enrolled in college through the availability of a scholarship grant.

Eugene concentrated his public service career in Departments of Public Welfare. After his wife’s death, Eugene retired in and spent his time traveling and reading, but he also stayed active in civic organizations, especially those that focused on senior citizens.

During a serious illness in his seventies, Mr. Kotur lost most of his vision and part of his hearing, but despite this impairment, he faced his daily challenges as he had many times before. He used the Library of Congress Talking Book System to communicate with people and friends.

It was during this period that Eugene Kotur established a $250,000.00 Scholarship Trust Fund and empowered the Ukrainian Fraternal Association as administrator of this generous endowment.

The Scholarship Trust Fund is designed to service Ukrainian students currently enrolled in certain colleges and universities. The acquired initial grant of $250,000.00 by the Kotur family has accrued interest, which is being used for the annual scholarship distribution.

The recipients of the Kotur Scholarship are:

Christian Nonemaker

Purdue University – Computer Engineering

Marja Manolev

Connecticut University – Communications Major with Minor in Psychology

Maria Kulchyckyj

MIT Sloan School of Management & Harvard Kennedy School -Master in Public Policy and MBA

Best Wishes for a Bright Future!

To all our recipients:

“You are the light of the world. A city set on a hill cannot be hidden. Nor do people light a lamp and put it under a basket, but on a stand, and it gives light to all in the house. In the same way, let your light shine before others, so that they may see your good works and give glory to your Father who is in heaven.”

Matthew 5:14-16

May God Bless you on your journey to success.

Your roots are your foundation, and they are strong.

You will have challenges ahead, but with prayer and perseverance, you will reach your goals and do good in the world.

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Kotur Scholarship

Ivanna Olenchin — Tue, 05 Nov 2024 17:42:00 +0000

Kotur Scholarship

Eugene R. and Elinor R. Kotur – Philanthropists

Eugene was born in Lviv, Ukraine on February 12, 1912. His father emigrated to America, hoping to unite his family at alater date. Unfortunately, this plan failed when World War I hostilities began in Europe.

At a very early age, Eugene suffered the inevitable privations as the war intensified. His situation worsened perceptiblywhen Galicia became a Protectorate of Poland, and along with other wartime deprivations, Eugene’s home life deterioratedwith periods of starvation. Luckily, the family was finally reunited and settled in Elmira, New York. Eugene began to attendpublic schools and eventually enrolled in college through the availability of a scholarship grant.

After graduation, Mr. Kotur became a school teacher. During WWII, Kotur served with distinction and with hisproficient fluency in English, Ukrainian, Russian, and German, entered the diplomatic corps. After the war ended, Eugenemarried Elinor Brougher of Mechanicsburg, Pennsylvania. Soon afterwards, the Koturs settled in Camp Hill, PA.

Eugene expanded his public service career by becoming an adviser/consultant for the Commonwealth of Pennsylvania,concentrating his efforts in Departments of Public Welfare. His professional services applied to both federal and state levels ofwelfare. Elinor Kotur, meanwhile, was employed by the United States Navy Depot and later succumbed to cancer. After heruntimely death, E. Kotur decided to retire in 1974. He began to travel extensively, was a voracious reader, and remained activein civic organizations, especially those which had a senior citizenorientation.

During a serious illness in his seventies, Mr. Kotur lost most of his vision and part of his hearing. Despite thisimpairment, he faced his daily challenges as he had many times before. To compensate for his deficiencies, he used the Libraryof Congress Talking Book System to communicate with people and friends. It was during this period that Eugene Koturestablished a $250,000.00 Scholarship Trust Fund and empowered the Ukrainian Fraternal Association as administrator of thisgenerous endowment.

During his declining years, Mr. Kotur lived in a residential care facility. Two months after his eightieth birthday,Eugene R. Kotur died on April 18, 1992.

The Scholarship Trust Fund is designed to service Ukrainian students currently enrolled in colleges and universities.The acquired initial grant of $250,000.00 by the Kotur family shall represent the basic capital and will remain intact in amanaged financial program. Only the accrued interest shall be used for annual scholarship distribution.

Eligibility Requirements and application

Read about Whole Life Insurance and become a member today.

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Bishop Soter Ortynsky Academic Scholarship Program

info@provassn.com — Sat, 01 Jun 2024 13:18:00 +0000

Bishop Soter Ortynsky

The Providence Association will award up to five scholarships of $1,000 to eligible members in Honor of Bishop Soter Ortynsky.

send EMAIL with documents to eryna

ELIGIBILITY AND REQUIREMENTS FOR ACADEMIC SCHOLARSHIP:

Each applicant must be a member in good standing of Providence for at least five (5) years.
- with a current insurance or annuity certificate with a minimum face value or balance of $5,000
Applicant must be a full time college student who
- completed one (1) semester of college work
- or graduated High School and has been accepted to college
- Seeking a Bachelors Degree
- cumulative GPA of 3.3 (or equivalent)..
Provide an original transcript
- college records indicating a cumulative grade of 3.3 (or equivalent) at the conclusion of the Fall Semester
- or High School transcript indicating a cumulative grade of 3.3 (or equivalent) after graduation, and a letter of acceptance to a college.
A letter of recommendation from the Pastor of the applicant’s church.
An essay of five (500) hundred words or more describing “Upon completing my education, I hope to contribute the following to our Ukrainian Catholic Church and Community.”
Recent wallet (2×3) head shot photograph and brief biography for publication purposes.
Deadline for Academic Scholarship: Friday, August 15, 2019.
Previous awardees may re-apply up to four (4) times.

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SECURE ACT 2.0

Ivanna Olenchin — Mon, 23 Jan 2023 23:16:00 +0000

5 Highlights of the Secure Act of 2022

Securing a Strong Retirement Act of 2022 - legislation passed on December 29, 2022

Below are some highlights of new legislation passed on December 29,2022, which is commonly referred to as “SECURE Act 2.0”. The legislation provides a slate of changes that could help strengthen the retirement system—and Americans’ financial readiness for retirement.

While the Act signed into law is quite extensive and contains dozens of provisions, here are 5 of the highlights that pertain to your Providence Association IRA, both traditional and Roth.

The age to start taking RMDs increases to age 73 in 2023 and to 75 in 2033. Depending on your date of birth, the RMD age is increasing as follows; if you are born:
- Before January 1, 1951, your RMDs have already started, and nothing changes
- Between January 1, 1951 and December 31, 1959, then your RMDs must start after reaching age 73
- After January 1, 1960, then your RMDs must start after reaching age 75
The penalty for failing to take an RMD will decrease from 50% to 25% of the RMD amount, and to 10% if corrected in a timely manner for IRAs.
Catch-up contributions will increase in 2025 for IRA account holders.
Qualified Charitable Distributions (QCDs) Beginning in 2023, people who are age 70½ and older may elect as part of their QCD limit a one-time gift up to $50,000, adjusted annually for inflation, to a charitable remainder unitrust, a charitable remainder annuity trust, or a charitable gift annuity. This is an expansion of the type of charity, or charities, that can receive a QCD. This amount counts toward the annual RMD, if applicable. Note, for gifts to count, they must come directly from an IRA by the end of the calendar year. QCDs cannot be made to all charities.
We remind you that prior legislation eliminates the retirement contribution age limit, previously set at 70 ½.

The Providence Association will monitor any changes and adjust our operations in accord with the new legislation. However, we strongly encourage our members to contact their tax professional to determine how these changes can impact your personal retirement savings and distributions. The Providence Association cannot provide any tax or legal guidance.

As Always, we thank you for your support and welcome your calls and emails.

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