Anyone use a Qualified Charitable Distribution out of a Brokerage or IRA?

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Apr 11, 2021
8:45:45am

CBaass All-American

Anyone use a Qualified Charitable Distribution out of a Brokerage or IRA?

Curious as to your experience with this type of money management and perspective on the benefits

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CBaass

Previous username: BigBassThunder
Bio page: CBaass
Joined: Sep 3, 2007
Last login: Apr 26, 2024
Total posts: 16,293 (5,594 FO)

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Messages

Author

Time

Anyone use a Qualified Charitable Distribution out of a Brokerage or IRA?

CBaass

4/11/21 8:45am

How does that work? Can you pay tithing from an IRA?

Richardo

4/11/21 8:49am

Yes, once you are required to make RMD's. Typically a best practice as it

Acorn

4/11/21 8:52am

For those that understand this - isn't AGI what is used to determine Medicare premiums? That could make a difference.

CotoCoug

4/11/21 10:17am

Yes, there’s several advantages to lowering your AGI through QCD’s.

RdF3

4/11/21 10:22am

Thanks

CotoCoug

4/11/21 12:30pm

It’s a no brainer that anyone with an IRA over age 70 1/2 paying tithing should absolutely do. It’s an above the line

RdF3

4/11/21 8:55am

The RMD age is 72 now.

Ozymandias

4/11/21 9:40am

Yeah but the QCD age is still 70 1/2 & if you make any charitable donations it’s a no brainer at age 70 1/2 regardless

RdF3

4/11/21 9:46am

My dad does this every year. Will try for the first time this year from a

4/11/21 9:17am

Many of my clients use this strategy. It's really a no brainer. If you are

toadie

4/11/21 9:48am

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