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Old 11-13-2019, 12:10 PM
User's Original Comment
Boomer Boomer is offline
Soaring Parsley
Join Date: Nov 2007
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Originally Posted by LuvtheVillages View Post
The Qualified Charitable Donation can be a valuable way to manage this situation. The funds have to go directly to the charity. This will satisfy the Required Minimum Distribution, not affect your Adjusted Gross Income (thus avoiding taxes and possible Medicare premium increases) and also support a cause that is important to you.

If you support your church with monthly contributions, or your church's building fund, you can pay the entire year's obligation with this one transfer.

I have thought for a long time that churches, during stewardship drives, should include a brief explanation of the QCD to make more people aware of it so they can learn more, if interested.

This is especially true in TV where there are so many thriving churches supported by retirees — some who have reached or are getting close to 70 and 1/2. Providing wider knowledge of the QCD could result in a win-win.

Last edited by Boomer; 11-13-2019 at 12:16 PM.
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