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Using IRAs to fund charitable causes {PFP Section}

Using IRAs to fund charitable causes {PFP Section}

AICPA Personal Financial Planning (PFP) · AICPA & CIMA

August 19, 202230m 0s

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Show Notes

Clients who have large IRAs and are charitably inclined may benefit from making a qualified charitable distribution (QCD) or naming a charity as the beneficiary of their IRA. In this episode of the PFP Section podcast, JG Gassman, CPA/PFS, and Rick Peck, ChFC, discuss how to approach these opportunities with clients. They share:

  • What QCDs are, how they work, and the tax benefits
  • The clients who are best suited to use this strategy
  • The options for setting up endowments or scholarship funds with a QCD
  • Tips for making QCD and beneficiary designations seamless with charities

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This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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