If you're charitably inclined, you're going to want to hear this. I'm going to be talking about

arguably the most tax-effective way to make donations of charities, otherwise known as QCDs or

qualified charitable distributions in this, the 75th episode of the Retirement Planning Education

Podcast.

Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and Roth IRAs, employer retirement plans, taxes, social security, Medicare, portfolio withdrawal strategies, annuities, estate planning, and much more.

And now here's your host, Andy Panko.

Hello, everybody. Welcome back. Thank you, as always, for listening.

Today, I'm going to be talking about qualified charitable distributions, otherwise known as QCDs.

They are the, in my view, and I don't think it's just a view.

I think this is factually accurate.

The most tax-efficient, tax-effective way to donate to charities, specifically with regards

to donating cash.

Donating other things like cars, housewares, et cetera, are different.

They don't fall under this.

But if you are donating cash, this is the most tax-effective way I'm aware of.

Now, there's some caveats. The big one is you need to be

at least 70 and a half years old to do it. So if you're younger than that, you may have just lost

interest, but assuming you'll be 70-and-half at at least some point in your life, this is good

stuff to listen to. Before I get into it, I just want to share a random personal note. So I went to University of Delaware from my undergraduate degree, went to school for finance.

And at the time, I graduated in 2000.

So what's that, 23 years ago, when I was there, they did not have a financial planning track.

Most schools that have finance, it's let's just call it corporate finance. You

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