Jim Guarino featured in The Economic Times on QCDs
Jim Guarino was recently featured by The Economic Times as a certified financial planner in “90% of Americans miss this simple tax trick that can slash RMD pain — don’t be one of them”. A qualified charitable distribution, or QCD, means donating money directly from your IRA (retirement account) to a charity. You don’t take the money out first, so it never counts as taxable income.
“For my philanthropic clients, it’s almost a no-brainer,” said Jim Guarino.