Important QCD details you should know

We’re back after a week off with a brand-new Weekly Webinar for you! This week Mark spends a little less time hitting the headlines and market trends, and more time focused on the Financial 15 topic, which for this week is Qualified Charitable Distributions.

 But first, Mark kicks off the discussion with his usual Slott updates, where he spends some time talking about inherited IRAs and Simple IRAs, as well as creditor protection. Building off of previous conversations he has had about retirement plan creditor protection and bankruptcy protection, Mark takes some time to discuss how different IRAs are impacted by changes with the SECURE Act and the SECURE Act 2.0, and how yours may or may not be protected.

Mark then takes some time to go over the latest numbers coming out of the markets. As of June 2nd, the Dow Jones was up 2.17%, the S&P500 was up 1.88%, and the NASDAQ was up 2.07%. Year-to-Date, all markets remain up, with both the S&P500 and the NASDAQ being up in the double digits. Mark spends a couple of minutes talking about investing in bonds vs the markets before moving on to focus on this week’s topic: qualified charitable distributions.

Important Qualified Charitable Distributions Details You Should Know

Mark spends the last half of the Weekly Webinar discussing what qualified charitable distributions are and then provides some key details about QCDs that are important for you to know. Qualified Charitable Distributions were designed originally to handle required minimum distributions (RMDs) from IRAs that the account holder doesn’t necessarily want or need during their lifetime. Mark introduces Qualified Charitable Distributions as a solution for those looking to reduce or eliminate RMDs from their financial landscape. Qualified Charitable Distributions allow for distributions to go directly from your IRA to a charity, however, there are certain limitations and restrictions with this option which Mark details out throughout the rest of the podcast.

If you’re worried about how RMDs will impact your finances in retirement and think that Qualified Charitable Distributions could be an answer for you, this is an episode you’ll really want to watch.

Each Tuesday at 10:00 a.m., I hold a Live Webinar where I discuss recent headlines, IRA and retirement issues from the Ed Slott Group, market updates, and analyst reports, and a timely Financial Planning strategy or technique. Please don’t hesitate to contact us with any questions you have or if you’d like to schedule an appointment with us. Each webinar is indexed so you can jump to the section that interests you most or watch the entire broadcast.

Mark Byelich is a Certified Financial Planner™ practitioner and also holds the Accredited Investment Fiduciary® designations. He is a member of Ed Slott’s Master Elite Advisor Group. This exclusive group is comprised of nearly 400 of the nation’s top financial professionals who are dedicated to the ongoing training and mastery of advanced retirement account and tax planning laws and strategies.

Mark is committed to education and professional development in the financial services field and has been asked to speak by major news organizations and to his peers around the country about financial planning strategies.

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The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. It is only intended to provide education about the financial industry. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. Any past performance discussed during this program is no guarantee of future results. Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional.

Attleboro Wealth Management, LLC is a Registered Investment Adviser. This program is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Attleboro Wealth Management, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Attleboro Wealth Management, LLC unless a client service agreement is in place.

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2:50 – Market update, Slott update, Mail bag
15:44 – The Financial 15: Important QCD details you should know