A QCD routes IRA funds directly to charity, excluding the full $60,377 RMD from taxable income and cutting a $10,166 federal tax bill to roughly $1,000. A 401(k) must be rolled into a traditional IRA ...
For retirees facing Required Minimum Distributions (RMDs), the Qualified Charitable Distribution (QCD) isn't just a "definition"— it can be one of the most powerful tax planning tools in your arsenal.
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The QCD move that turns a $60,000 RMD from a $1.6 million 401(k) into zero taxable income at 73
A charitably inclined 73-year-old single retiree with $1.6 million in a traditional 401(k), $300,000 in a Roth IRA, and $30,000 a year in Social Security just hit her first required-distribution year.
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