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Doing Well by Doing Good: Exploring the Tax Benefits of Gifting from Your IRA
Manage episode 386997766 series 2943746
In this episode, we dive deep into the world of Qualified Charitable Distributions (QCDs). Join us as we explore how QCDs can be a tax-savvy way to support your favorite charitable causes while benefiting your retirement savings. Brian shares valuable insights and practical tips to help you navigate this powerful financial strategy.
A qualified charitable distribution (QCD) is a tax-free donation from an IRA to a qualified charity. To make a QCD, you must be at least 70.5 years old.
You can use QCDs to manage required minimum distributions from an IRA. The amount of the distribution is based on your age and the account's balance. For example, couples who file taxes jointly can make up to $100,000 in QCDs each year, for a total of $200,000.
Subscribe on YouTube: https://www.youtube.com/@fordfinancialgroup
Subscribe on Apple Podcasts (or wherever you listen to podcasts): https://podcasts.apple.com/us/podcast...
Questions? Email us at info@FordFG.com
Web: FordFG.com
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.
There is no assurance that the views or strategies discussed are suitable for all investors. To determine which investment(s) may be appropriate for you, consult your financial professional prior to investing. Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. The economic forecasts set forth in this material may not develop as predicted.
The advisors of Ford Financial Group are Registered Representatives with and securities are offered through LPL Financial member FINRA/SIPC. Investment advice offered through Perennial Investment Advisors, a registered investment advisor. Ford Financial Group and Perennial Investment Advisors are separate entities from LPL Financial. Ford Financial Group, Perennial Investment Advisors, and LPL Financial do not provide tax advice or services.
206 episoade
Manage episode 386997766 series 2943746
In this episode, we dive deep into the world of Qualified Charitable Distributions (QCDs). Join us as we explore how QCDs can be a tax-savvy way to support your favorite charitable causes while benefiting your retirement savings. Brian shares valuable insights and practical tips to help you navigate this powerful financial strategy.
A qualified charitable distribution (QCD) is a tax-free donation from an IRA to a qualified charity. To make a QCD, you must be at least 70.5 years old.
You can use QCDs to manage required minimum distributions from an IRA. The amount of the distribution is based on your age and the account's balance. For example, couples who file taxes jointly can make up to $100,000 in QCDs each year, for a total of $200,000.
Subscribe on YouTube: https://www.youtube.com/@fordfinancialgroup
Subscribe on Apple Podcasts (or wherever you listen to podcasts): https://podcasts.apple.com/us/podcast...
Questions? Email us at info@FordFG.com
Web: FordFG.com
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.
There is no assurance that the views or strategies discussed are suitable for all investors. To determine which investment(s) may be appropriate for you, consult your financial professional prior to investing. Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. The economic forecasts set forth in this material may not develop as predicted.
The advisors of Ford Financial Group are Registered Representatives with and securities are offered through LPL Financial member FINRA/SIPC. Investment advice offered through Perennial Investment Advisors, a registered investment advisor. Ford Financial Group and Perennial Investment Advisors are separate entities from LPL Financial. Ford Financial Group, Perennial Investment Advisors, and LPL Financial do not provide tax advice or services.
206 episoade
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