Your annual RMD and QCD plan

Jean Larsen

Executive Director / Legacy Endowment Community Foundation

Oh, the acronyms we now use these days. So many! As we ring in the New Year, I was reminded the other day by someone I admire and respect, if you are required to take a Required Minimum Distribution (RMD), this is something that shouldn’t be left to year-end decision-making. Rather, for those who must take an RMD, there should be a plan starting each January. I couldn’t agree with him more.

When planning for retirement, most of us can give ourselves a large pat on our back for having scrimped and saved and sticking to a sol...