Financial Updates With Erin Kennedy & Peter Richon | Help Your Favorite Charity And Reduce On Taxes

The end of the year is upon us, so now is a great time to consider a Qualified Charitable Distribution or #QCD. As Peter with Richon Planning explains to Erin Kennedy, this is a great way to make a large gift to your favorite non-profit while lessening your tax burden.

When structured correctly, a QCD allows your donation to go directly from your IRA custodian to your chosen charity. Not only can it be counted toward satisfying your required minimum distributions or #rmds , but it also decreases your adjusted gross income.

Richon Planning specializes in holistic tax planning. If you'd like to determine if a QCD is right for you, please reach out for a complimentary consultation by calling (919) 300-5886 or by visiting www.RichonPlanning.com