Make a Donation to Meet Your Required Minimum Distribution (RMD) from your IRAs / 401ks
If you are age 72 or older, you are required to take minimum distributions each year from your traditional IRAs and 401(k) plans (Roth IRAs are exempt). Rather than taking the full RMD as taxable income, you can satisfy part or all of your RMD by making a Qualified Charitable Distribution (QCD) – a direct […]