March 28th is National Respect Your Cat Day, a day to celebrate all the hugs and snuggles with your favorite…
If you have charities you would like to support, pretax money saved in an IRA can be an ideal charitable donation. Rather than passing these assets to a beneficiary — who will likely pay taxes when the inherited IRA is distributed — you can give them to charity by taking a qualified charitable distribution (QCD). A QCD will count toward satisfying your required minimum distribution, and neither you nor the charity will have to pay income taxes.