• Skip to main content
  • Skip to primary sidebar

Ask Liz Weston

Get smart with your money

  • About
  • Liz’s Books
  • Speaking
  • Disclosure
  • Contact

Q&A: Don’t need your RMD? Consider a QCD

June 9, 2025 By Liz Weston Leave a Comment

Dear Liz: When you’re writing about required minimum distributions from retirement accounts, please make sure people know about qualified charitable distributions. Those of us lucky enough not to need the money can donate it directly from an IRA to the nonprofits of our choice. That way, we don’t even have it in our income column, and there are no taxes. I am looking forward to making many qualified charitable distributions to my favorite nonprofits when I turn 73.

Answer: You don’t have to wait. Qualified charitable distributions from IRAs can start as early as age 70½. The distribution limit for 2025 is $108,000 per individual. If you’re considering this option, please familiarize with the IRS rules for such distributions and consider consulting a tax pro.

Related Posts

  • Q&A: Consider taxes before retirement

    Dear Liz: I began converting two 401(k)s from previous employers to Roth IRAs. To lessen…

  • Q&A: Retirement account distribution rules

    Dear Liz: My husband is 71 and retired. We have started withdrawing from one of…

  • Q&A: What to consider when investing in target date retirement funds

    Dear Liz: I have 100% of my 401(k) in a fund called “Target Retirement 2030.”…

  • Q&A: What’s a qualified charitable distribution?

    Dear Liz: I have a suggestion for the couple who is facing the start of required…

Filed Under: Q&A, Retirement, Retirement Savings, Taxes Tagged With: QCD, qualified charitable distribution, required minimum distribution, RMD

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Search

Copyright © 2025 · Ask Liz Weston 2.0 On Genesis Framework · WordPress · Log in