Are you 70.5? Here's how to make charitable contributions from an IRA

If you have a Traditional IRA, are at least 70.5 years old, and want to give charitably, then a Qualified Charitable Distribution, or QCD, could be great for you!

By making QCDs you can give directly to charitable institutions from your IRA without recognizing the income. This is one way that we serve clients when we think about tax planning.

This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv

Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor at Retirement Planning Services, Spencer brings a wealth of experience and passion to help clients align their wealth with their core values.

Advisory services offered through Retirement Planning Services, LLC.

The information in this article is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.