Clarity Wealth Development’s Post

What is a Qualified Charitable Distribution? A Qualified Charitable Distribution (QCD) allows individuals aged 70½ or older to donate directly from specific retirement accounts to qualified charities without recognizing the distribution as taxable income. As you build your legacy, considering how to leverage your charitable contributions can be a fulfilling endeavor. QCDs can offer an opportunity to support your favorite causes and manage your retirement income. Learn More ⬇️ https://lnkd.in/eyqg2jKj #Retirement #Strategy #Finance #Charity

Even though tax season is over, it does not mean to stop finding tax-saving strategies! Did you know that charitable contributions to qualified recipients can be tax-deductible? Find out how these types of contribution can be helpful for you in our FREE report below! https://lnkd.in/eWqu_vhG #retirement #charity #donations #retirementplanning #taxes

If you’re retired and planning a year-end charitable gift, you can maximize your tax break with a qualified charitable distribution, or QCD. The strategy is a direct transfer from an individual retirement account to a non-profit organization. You can use QCDs to reduce adjusted gross income and satisfy required minimum distributions, experts say.

We understand that charitable giving is about much more than financial benefits. It’s an opportunity to build connections, broaden your perspective, and find purpose and joy in your life. We are here to help guide you in embracing the profound benefits of giving, as it transforms not only the lives of others but also your own.

Charitable contributions can be fulfilling emotionally, but can also have another benefit for your finances. Check out our FREE report to help you learn how giving donations can be a helpful tax saving strategy! https://lnkd.in/eGrcZjgg #donations #charity #retirement #taxes

Secure 2.0 Update What are QCDs? QCDs are Qualified Charitable Distributions, and if you’re 70.5 or older, you can start donating funds from your IRA, 401(k), or other qualified retirement plan to qualifying charities. In 2024, the QCD increased by $5,000 to $105,000. You could make a single donation or split that amount among multiple charities. Thanks to Secure 2.0, you can now also make a one-time transfer of up to $53,000 to a charity annuity trust, a charitable remainder unitrust, or an immediate charitable gift annuity. This can help you meet your wealth management and retirement goals for building a charitable legacy. You can make an impact on charities and causes close to your heart. And because QCDs are generally not recognized as income, charities will receive the full amount––tax-free. 🎉 #wealthmanagement #retirement #buildalegacy #secure2.0

Giving to causes important to you is both rewarding and helps further the objectives of the organizations you support. However, when deciding to donate, it can be difficult to know where to begin. A well-considered charitable giving strategy can increase tax efficiency and maximize your donations to create a long-lasting legacy. There are many considerations when determining the amount and type of asset you wish to donate. Your donation decision should align with your overall financial plan. When deciding on the amount to give, consider your short- and long-term goals, retirement and estate plan.

Discover how you can maximize the impact of your donations! 💡 Charitable giving can be a rewarding part of your #financialstrategy, helping you support causes you care about while offering potential tax benefits! 💸 Whether you’re donating assets like stocks, setting up a donor-advised fund, or making tax-free distributions from your retirement accounts, you can give back and grow your wealth at the same time! Learn more about your options here: https://loom.ly/rnRLI4w #CharitableGiving #FinancialPlanning #TaxBenefits

Looking to make the most of your charitable donations? In today’s video, our President and CIO, Matt Wilson, explains how strategies like Donor-Advised Funds and bunching donations can help maximize your tax benefits, all while supporting the causes you care about. Watch the full video on our YouTube channel and subscribe through the link in the comments below! #TaxTips #CharitableGiving #FinancialPlanning #Retirement #TakeawayTuesday

It probably would not surprise you to learn that over 42% of Americans own an IRA. When it comes to charitable planning, IRAs should never be ignored. Indeed, your IRA may offer some of the best opportunities to support the causes you care about. If you intend to leave a charitable legacy, or if you’d like to support your favorite organizations during your retirement years, your IRA may be your best bet to make a big difference in the causes you care about. Read more on our blog: https://lnkd.in/gCW3tBdE