If you’re over 70½ or just planning ahead for when you will be, this simple move could make your money go further. We walk through what a QCD is, how it’s different from an RMD, who it’s typically best suited for, and some overlooked rules that could help you avoid unnecessary taxes (and maybe some paperwork headaches too).

Whether you’re already retired, helping a parent plan, or just like being the “go-to finance friend” in your circle, this episode helps you understand how generosity and smart tax planning can go hand in hand.

Takeaways

✅ QCDs could allow for more tax-efficient charitable giving.

✅ Individuals over 70 and a half may benefit from QCDs.

✅ Direct donations from retirement accounts are important

✅ Understanding QCDs can influence future retirement planning.

✅ QCDs can help lower Required Minimum Distributions (RMDs).

✅ Charitable giving should align with personal values and financial goals.

✅ Itemizing deductions may not always be beneficial compared to QCDs.

✅ QCDs simplify the tax process for retirees.

✅ Every dollar in retirement should have a purpose.

Chapters

Introduction to Tax-Efficient Giving

- 0:00

Understanding Qualified Charitable Distributions (QCDs)

- 3:00

Benefits of QCDs for Retirement Planning

- 6:00

Common Missteps in Charitable Giving

- 9:00

Real-World Examples and Scenarios

- 12:00

Who Should Consider QCDs?

- 15:00

Maximizing Tax Benefits with QCDs

- 18:00

Conclusion and Final Thoughts

- 21:00

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞?

We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

💬 Questions or Want to Connect?

🌐 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.custerfinancialadvisors.com

📧 𝐄𝐦𝐚𝐢𝐥: [email protected]

📬 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐰𝐢𝐭𝐡 𝐮𝐬: https://www.custerfinancialadvisors.com/contact-us-form

Disclosures:

Investment advisory services offered through Harborfront Financial Group d/b/a Custer Financial Advisors (“CFA”), an SEC-registered investment adviser. Registration does not imply a certain level of skill or training. Educational content only—not investment, legal, or tax advice. All investing involves risk, including loss of principal. Past performance is not indicative of future results. Opinions and views are as of the date recorded and may change without notice. 

Securities offered through LPL Financial, Member FINRA/SIPC.