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inparadise writes: On the tax strategies board they were discussing tax deductions for charitable gifts. This caught my eye:

"In addition, you can use a Qualified Charitable Contribution (QCD) to donate as much as $100,000 to qualified charitable organizations each year once you are over the age of 70.5. The IRA custodian transfers the contribution directly from your IRA to the charity. The QCD is a non-taxable distribution from your IRA."

I am sure this is not news to many of you, but while I had heard the term before I never had my AHA moment. I am not a tax pro. Am I missing anything? Any unintended consequences to consider?...hoping this can trigger thoughtful discussion and not personal attacks

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
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