This is Optimal Finance Daily, Episode 2364, QCDs in the FI community, by Sean Malaney

of FITACSKY.com, and I'm your host and personal finance enthusiast, Diana Mariam.

Welcome to another Monday Mastery episode, where each Monday we take a look at an article

that covers a more complex personal finance topic that even the most financially savvy

of us might need some brushing up on.

So with that, let's get right to the post and start optimizing your life.

QCDs in the FI community, by Sean Malaney of FITACSKY.com

Qualified charitable distributions, or QCDs, are an exciting tax planning opportunity, particularly

for the FI community.

In this article, I describe what a qualified charitable distribution is, and how members

of the FI community should think about them when tax planning.

Of course, this post is educational in nature.

Nothing in this blog post is tax advice for any particular taxpayer.

Please consult your own tax advisor regarding your unique circumstances.

Qualified charitable distributions, QCDs are transfers from a traditional IRA directly

to a charity.

Up to $100,000 annually, they are A, not included in the tax payer's taxable income, B,

not deductible as charitable contributions, and C, qualify as required minimum distributions

or RMDs to the lesser of the taxpayers' required minimum distribution or the actual distribution

to the charity.

Here's an example.

1. Jack and Jill are 75 years old and file their tax return married filing joint.

...