Tis the season for giving, and qualified charitable distributions (QCDs) are a popular way to donate to a favorite charity. However, rules must be followed. In a recent Slott Report entry (“QCD Timing,” December 4), I included the following closing line: “Some IRA accounts allow check-writing privileges. Checks written to a charity from a ‘checkbook IRA’ qualify as a valid QCD.

Ed Slott and Company, LLC blogs

19.12.2024

4 Things to Know About Rollovers Between Calendar Years - Ed Slott and Company, LLC

The IRA rollover rules are always tricky. However, if you are rolling over an IRA distribution when the calendar year changes, the rules can become especially challenging. Here are four things you need to know about rollovers as the year 2024 ends and the year 2025 arrives.

Ed Slott and Company, LLC blogs

20.12.2024

Required Minimum Distributions and IRAs: Today's Slott Report Mailbag - Ed Slott and Company, LLC

By Andy Ives, CFP®, AIF®IRA Analyst QUESTION: If a client opens an IRA at age 75 and makes a contribution this year, this account would not have a required minimum distribution (RMD) for 2024, correct? Since the IRA did not exist last year, there is no 12/31/23 balance. ANSWER: You are correct, there would be no RMD in the scenario…

Ed Slott and Company, LLC blogs

24.12.2024

Holiday Cheers and Wishes - Ed Slott and Company, LLC

This is the time of year for good cheer and holiday wishes. In keeping with those traditions, here are some cheers and wishes for the IRS and Congress:

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The QCD Dance - Ed Slott and Company, LLC

4 Things to Know About Rollovers Between Calendar Years - Ed Slott and Company, LLC

Required Minimum Distributions and IRAs: Today's Slott Report Mailbag - Ed Slott and Company, LLC

Holiday Cheers and Wishes - Ed Slott and Company, LLC

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