Qualified Charitable Distributions (QCDs)
Imagine this–You have done a great job saving for retirement. You are now in your golden years–and you have amassed true wealth. Maybe, just maybe you have too much money in your 401k or IRA. You have stopped working and the IRS is making you take money out of your accounts because you are age 72. But you don’t want or need the money and every dollar that comes out is taxable…. What do you do?
