Maximizing Your Tax Savings with Charitable Giving
12 Aug 2024 · 0 min
0:15
YouTube video by Craig Wear, CFP® explaining tax-saving strategies that combine charitable donations with Roth conversions. In the sampled excerpt he gives a numeric example: if your RMD is $40,000 and you donate $20,000 to charity, you are taxed only on the $20,000 difference, illustrating how donations can reduce taxable RMDs and affect Roth conversion strategy.
Questions this video answers
$20,000 (the difference between the $40,000 RMD and the $20,000 donation).
