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

Sign up, and you'll be able to ignore users whose posts you don't want to see. Sign up

Report problem with this ad

Apr 11, 2021
8:49:20am

Richardo 3rd String

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

Report problem with this ad

Richardo

Previous username: RichyRich
Bio page: Richardo
Joined: May 7, 2013
Last login: May 5, 2024
Total posts: 836 (2 FO)

Report problem with this ad

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

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad