A short YouTube video by Craig Wear, CFP® explaining how charitable giving can reduce taxable income—specifically mentioning that individuals at required minimum distribution (RMD) age can make Qualified Charitable Distributions (QCDs) directly from IRAs to 501(c)(3) organizations to accelerate giving and offset tax from large conversions.
If you're somebody who gives consistently and you know that over the next 5, 10, 15, 20 years, you're going to continue to be a giver to the organizations that you care about, there's a couple really cool vehicles that you can use to accelerate your giving and to offset the tax this year from the distribution you're going to have from a large conversion that you're going to do. So if you're already of RMD age required minimum distribution age, then you are aware that you can do what are called qualified charitable donations, QCDs out of your IRA directly to a 501c3 organization.
