Unlock the secrets to aligning your philanthropic spirit with savvy tax strategies by utilizing Qualified Charitable Distributions (QCDs). Discover how these powerful financial tools can help you support your favorite charities while managing your taxable income more effectively, especially when dealing with required minimum distributions from your IRA.
In this episode, we navigate the complexities of IRS regulations, unveiling how QCDs can smartly satisfy required minimum distributions and offer a substantial boon to your favored nonprofit organizations, all the while keeping an eye on your financial well-being.
For this week’s Kingdom Minute, we’ll discuss letting people borrow money and how to handle that debt.
Here’s some of what we discuss in this episode:
Get in touch with Chessman Wealth: https://www.chessmanwealth.com/
The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.
Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.
Ep 54: Tax Planning Strategies
Ep 53: Why Core Values Matter with Jim Fite
Ep 52: Who Will Inherit The Mess?
Ep 51: Financial Mistakes Couples Should Avoid
Ep 50: 5 Things You Need to Know About Decumulation and Retirement
Ep 49: What Makes Your Advisor Tick
Ep 48: Transforming Lives One Step At A Time with Wayne Walker
Ep 47: Helping School Districts & Ministries with Wes McDaniel
Ep 46: Do Retirees Really Need Life Insurance?
Ep 45: What is Tax Diversification?
Ep 44: Building a Successful Consulting Business with Guest Jeff Wilson
Ep 43: Retirement Planning for Business Owners
Ep 42: Building Your Plan with Jud Mackrill
Ep 41: Financial Double-Edged Sword
Ep 40: Common Tax Planning Questions With Sean Phillips
Ep 39: Financial Fact Or Fiction
Ep 38: Are You Flirting With Disaster
Ep 37: Providing True Value To Your Clients With Ralph Pence
Ep 36: Success Is A Team Effort With Ron Carson
Ep 35: Good News & Bad News: Why The Good Doesn’t Always Offset The Bad
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