October 12, 2023 by Kristi Sullivan
To encourage you not to leave all the year-end tasks until, well, the end of the year, I’d like to explain a charitable gifting hack for readers aged 70 ½ and older.
The Qualified Charitable Distribution (aka QCD) allows people aged 70 ½ and older to gift money directly from their tax-deferred IRAs to a 501(c)3 charity (or multiple charities) of their choice. If you plan to gift to charity and fall into the right age group and have an IRA, this is the best way to make the gift.
