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I seem to recall a previous poster who mentioned in another thread to you...

If it is too much of a burden to your children and to you - pass it off to charity so neither you or your children have to worry so much. There are plenty of charities that would more than welcome, and could use the gift.

BB


Isn't it miraculous how much better the message is received when presented in an informative way, such as was done on the Tax Strategy Board, as opposed to the aggressive message above.

Additionally, the understanding that we could target up to $100K of the RMD and make it tax free via annual contributions is much easier to deal with (for my brain) than the struggle of figuring out now what could be a viable healthy organization when we pass on in hopefully decades, or given we still have one kid who is struggling to find his way, knowing how much to allocate in our will to charity. Too many moving parts.

Who knows how much of our assets will get chewed up by healthcare costs. I have no clue how to allocate money to charity in a will, when I don't know how much I will have or what our kids' needs will be. Smaller amounts, evaluated annually, is so much easier to my brain. Bigger bonus is including the kids' wishes and having family discussions about where to give. YMMV

Part of the beauty of the QCDs is that I can do it while taking RMDs...in fact I have to do so.
It postpones decision making to a time where a better picture of finances is available. Or it's a back up plan in the event that the Conversions we do are not enough. Nice to be able to give while still living and lower taxes, even nicer to do so in a controlled annual manner that can be re-evaluated annually.

IP
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