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I would rather decide where my money goes myself.

Me too. Thanks for your response. I am including a couple of references, for what they're worth to you. It's great when people can provide references for their assertions around here, rather than leaving you with just some faceless stranger's comments.

(If any one reading this can provide quotations from IRS sources to confirm, clarify or contradict my quotations, please post them.)

http://www.caller.com/primetime/stories/1097berg.htm If the individual is planning to leave assets to charity, IRA assets would be an ideal choice. IRA assets left to charity will reduce both income and estate taxes.

http://www.dtonline.com/pfa/payout.htm -- IRA Payout and Beneficiary Issues, Deloitte & Touche --
Private foundations and charities can also be beneficiaries of IRA assets. Only the IRA owner's life expectancy may be used for determining distributions. By operation of law, the account balance will be distributed to the charitable organization. The owner's estate will not be subject to estate taxes on the amount contributed to the charity, and income taxes will not be levied on the retirement account balance.

Best wishes in making your decision from . . .

the faceless Chips
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