An IRA Strategy That Lowers Your Tax Bill
#RetirementPlanning #EdSlott #QCDs
Christine Benz talks with tax expert Ed Slott about how qualified charitable distributions can reduce your taxes, satisfy required minimum distributions, and do good.
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00:00:00 Introduction
00:00:21 How Qualified Charitable Distributions Work
00:03:31 Which Retirement Accounts Should Be Used for QCDs?
00:03:55 How to Use a QCD to Satisfy Your RMD
Watch more from Morningstar:
The RMD Mistakes That Could Increase Your Tax Bill https://youtu.be/_C6K6dByVu8
Early Retirees: Why Now Is the Time to Convert Your IRA to Roth https://youtu.be/5vXbPqB89Ms?si=J-zGSJ8r_ACwGZfJ
Ed Slott: Don’t Waste Your Low-Tax Years in Retirement https://youtu.be/lUxqeC3vx0o?si=Th2zUEylcGBzsNxg
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