Inherited IRAs Can Benefit From Tax Planning

Column distributed by Hearst Connecticut Media Group.

Links to resources referenced:

• Publication 590-B: Distributions from Individual Retirement Arrangements (IRAs) 
  • https://www.irs.gov/pub/irs-pdf/p590b.pdf  
    • Related column excerpt:
      • “One more thought. If you, the beneficiary, is over 70 1/2, you can donate the RMD to charity and avoid taxes altogether by following QCD rules (qualified charitable distributions). (If you would like more information on QCDs let me know.) IRS Publication 590-B can be a useful resource.”