Qualified Charitable Distribution: Philanthropic Impact Meets Tax Savings

Good news: Through hard work, savings and diligent investing, you retired with $1 million or more in pre-tax IRA funds! Bad news: The government wants its piece of the pie and starts taxing your IRAs in your 70s. Back to good news: If you support charitable causes, you can do that while also limiting the tax hit to your IRAs. This often-overlooked strategy is called a Qualified Charitable…