Clients who have large IRAs and are charitably inclined may benefit from making a qualified charitable distribution (QCD) or naming a charity as the beneficiary of their IRA. In this episode of the PFP Section podcast, JG Gassman, CPA/PFS, and Rick Peck, ChFC, discuss how to approach these opportunities with clients. They share:
What QCDs are, how they work, and the tax benefits
The clients who are best suited to use this strategy
The options for setting up endowments or scholarship funds with a QCD
Tips for making QCD and beneficiary designations seamless with charities
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Distribute this concept piece on charitable contributions from IRAs to your clients to get ahead on this year-end planning strategy.
Access the Guide to Financial & Estate Planning for more planning tips and techniques.
This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.
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