The IRS requires you to take a minimum amount from your IRAs and Employer Sponsored Plans once you turn 70 ½ (Roth IRAs are not included). These required withdrawals are called Required Minimum Distributions (RMD) and are taxable in the year that they are withdrawn from your retirement account. For several years, taxpayers have been able to direct all or a portion of their RMD from an IRA account to a qualified charity up to a maximum of $100,000 per year. The ability to utilize this strategy, known as a qualified charitable distribution (QCD), was made permanent in 2015.
How Does a Qualified Charitable Distribution Work?
184 Shuman Blvd, Suite 200
Naperville, IL 60563
2560 Foxfield Rd, Suite 300
St. Charles, IL 60174
As a client of DHJJ Financial Advisors (“Company”), by selecting the “I Agree” button, I elect
to participate in the password-protected access portion of Company Internet web site. I understand that my
participation will allow me to review certain investment-related information published by Company and
unaffiliated third parties. This password-protected access is made available to clients of Company free
of charge. This authorization shall continue until canceled in writing.
I understand that the password-protected section is a secure web site intended only to allow a
client access to information relative to his/her/its specific account. I also understand that I will
be assigned an individual password. I agree not to share my password with any other person. I hereby release
and hold Company harmless from any adverse consequences relative to any failure by me to keep the identity of my password secure.