Required Minimum Disribution

  • If you’re a retiree, you may be preparing to take your Required Minimum Distribution (RMD) this year. Most retirees plan to take theirs by the end of each year, and they may consider making a Qualified Charitable Distribution (QCD) to mitigate the impact of taxes on their RMDs. However, you don’t have to wait until year-end to pursue this option. In fact, recent studies have shown that early planning of QCDs can often have an even bigger tax benefit than waiting.

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