As we enter the holiday season, many are in the spirit of giving. A qualified charitable distribution, or QCD, is a solution many IRA owners age 70½ and older consider this time of year. (Yes, while the RMD age has gone up, this important half-birthday still brings this planning opportunity!) A QCD distributes funds directly to a qualified charity while decreasing the donor’s taxable income.

Plus, there are new opportunities that can fulfill RMD requirements, gift to your charity, and create lifetime income for you!

If you’re considering a QCD to your favorite charity before year-end, download “Navigating Qualified Charitable Distributions in 5 Easy Steps” for more information.

Have more questions about tax-efficient investment and retirement strategies? Contact our office at 517-435-4040 or questions@richmondbrothers.com to schedule a time for a visit.