Thinking Ahead to 2021 QCDs

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tomd37
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Joined: Thu Mar 01, 2007 10:39 pm
Location: Middle Tennessee

Thinking Ahead to 2021 QCDs

Post by tomd37 »

I have been thinking ahead about my 2021 QCDs and particularly about the timing of them this coming year. Are there any actual or potential reasons that I should possibly delay my QCDs. I know the need is there now in the organizations I donate to. I always take the QCDs in advance of the RMDs which are usually done in late summer or early fall.
Tom D.
manatee2005
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Joined: Wed Dec 18, 2019 9:17 pm

Re: Thinking Ahead to 2021 QCDs

Post by manatee2005 »

tomd37 wrote: Tue Dec 29, 2020 5:39 pm I have been thinking ahead about my 2021 QCDs and particularly about the timing of them this coming year. Are there any actual or potential reasons that I should possibly delay my QCDs. I know the need is there now in the organizations I donate to. I always take the QCDs in advance of the RMDs which are usually done in late summer or early fall.
No reason.
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GerryL
Posts: 3037
Joined: Fri Sep 20, 2013 11:40 pm

Re: Thinking Ahead to 2021 QCDs

Post by GerryL »

Last year's RMD holiday, announced a few months into 2020, caused some people to consider whether they should be so quick to execute QCDs. But,
1) Another RMD holiday is probably not going to happen and
2) If you want to donate the money anyway, would a surprise RMD holiday change your mind about taking the $$ our of your IRA?

Do what you think is best for the charities you support.

I do my QCDs early in the year the remainder in the fall, and I'm not intending to change that plan.
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