Charitable Contributions for 2018 Qualified Charitable Distributions (QCD) Income Tax Savings, 6 Benefits, and 5 Rules

Charitable Contributions for 2018 Qualified Charitable Distributions (QCD) Income Tax Savings, 6 Benefits, and 5 Rules     Want to make Charitable Contributions? Not sure about the benefits and rules?   In 2017, 37 million income tax returns reported charitable donations. In 2018, that number is widely expected to decrease. The reason is the Tax […]

Required Minimum Distributions

Required Minimum Distributions   Why do we have Required Minimum Distributions (RMD) from our retirement accounts?   The purpose of the RMD rules is to ensure people do not accumulate retirement accounts, defer taxation, and leave these retirement funds as an inheritance. Instead, Required Minimum Distributions force the holder to withdraw a portion of the […]