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.
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Ep 84: Reaching Financial Contentment with Ron Blue
Ep 83: At the Intersection of Faith & Finance with Rob West
Ep 82: How Bonds Work - What Retirees Need To Know
Ep 81: Contribution Limit Changes for 2023
Ep 80: Making Smart Decisions During Major Life Events
Ep 79: 5 Common Questions People Asked When Forced Into Retirement
Ep 78: Warning Signs - How to Spot Problems in Your Financial Life
Ep 77: Tools to Help You Budget Better
Ep 76: Going Against the Grain
Ep 75: Smart Choices Wealth Management Solution
Ep 74: Smarter Giving at Compassion International with Jim Kirk
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