Can I Do a Qualified Charitable Distribution From My IRA? -

If you are age 70.5 or older, you may benefit from making a Qualified Charitable Distribution from your IRA (excluding Roth IRAs). This is a popular way to support charities while reducing AGI. However, the procedures to do so can be complicated. This flowchart will guide you through common issues pertaining to distribution rules such as age requirements, the reporting process, distribution limits and more.

Download the flowchart here.

Contact us for more information.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

The LPL Financial registered representatives associated with this site may only discuss and/or transact securities business with residents of the following states: AL, AK, AZ, CA, DC, FL, GA, IN, KY, LA, MI, MO, MS, NC, NV, NY, OH, SC, TN, TX, VA, WA, WI.

Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.