Amplified Wealth
Amplified Wealth is your monthly dose of actionable financial insight, where financial experts dive into a wide range of money matters in an informal, yet informative manner. Join us each month as we discuss various, timely financial topics - breaking them down to be more accessible and engaging for everyone.
Amplified Wealth
Amplified Wealth According to Plan - The Smarter Way to Give: Understanding Qualified Charitable Distributions (QCDs)
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
In the latest episode of Amplified Wealth: According to Plan, Kate Fishbein and Tom Farrell explore qualified charitable distributions, or QCDs, and how they may help charitably inclined IRA owners support the organizations they care about while managing taxable income.
Episode Highlights:
What Is a QCD?
Learn how a qualified charitable distribution allows eligible individuals to transfer funds directly from an IRA to a qualified charity.
Who Is Eligible?
Kate and Tom review the age requirements, eligible retirement accounts and important rules surrounding inherited, SEP and SIMPLE IRAs.
QCDs and Required Minimum Distributions
Discover how a properly executed QCD may count toward an annual required minimum distribution while keeping the donated amount out of taxable income.
Why Timing Matters
The hosts explain why QCDs should be coordinated before taking other IRA distributions - and why waiting until the end of the year can create unnecessary complications.
And much more!
Nothing contained in this presentation should be construed as personalized advice, or solicitation to buy or sell any securities. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. There can be no assurance that the future performance of any specific investment or non-investment related content in this Podcast will be profitable or suitable for your individual situation. Due to changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions. The opinions expressed in this podcast are those of the participants and may not reflect those of the firm. To the extent you have any questions regarding the applicability of anything discussed to your individual situation, you are encouraged to consult with the professional advisor of your choosing. The firm is neither a law firm, nor a certified public accounting firm, and no portion of this content should be construed as legal or accounting advice.