BDQ #2: I Don’t Have an RMD, So Why Would I Want a QCD?

The BDQ (Big Dumb Question) We’ve all been there: at some point during a presentation someone says, “This may be a dumb question, but…” and the presenter (hopefully in a gracious tone of voice) says, “There’s no such thing as a dumb question,” before providing the obvious answer. But sometimes, just to yourself, you have to admit you were wondering about the same thing. That’s the idea behind this occasional series we’re calling “The Big Dumb Question” (or BDQ). Our aim is to provide easy to understand answers to basic gift planning questions – the kinds of questions you may be reluctant to ask. We’ve got a list of topics in mind (see below). I Don’t Have an RMD, So Why Would I Want a QCD? “I prefer the large confusion to the small certainty,” said poet John Ciardi. That’s a healthy approach when thinking about Qualified Charitable Distributions (QCD) and Required Minimum Distributions (RMD). There is a large confusing array of initials – RMDs and QCDs, QRPs and IRAs, to name a...

Alphabet Soup: Why Do a QCD When There Is No RMD?

Gift planning doesn’t have to be technical or difficult to understand. Nonetheless, there are some abbreviations that may seem arcane. Here are some abbreviations that can help you raise more money in 2020!