Use Your Required Minimum Distribution to Make a Tax-Smart Impact

If you are 70½ or older, you can use your retirement savings to support the Jewish community — and realize tax benefits at the same time.

What is a Required Minimum Distribution (RMD)?

The IRS requires individuals aged 73 and older to take annual withdrawals — called Required Minimum Distributions (RMDs) — from traditional IRAs, 401(k)s, 403(b)s, and other qualified retirement plans. These withdrawals are counted as taxable income.

How a Qualified Charitable Distribution (QCD) Helps You and the Community

Instead of taking your RMD as taxable income, you can direct it — or a portion of it — to Jewish Federation of San Diego through a Qualified Charitable Distribution (QCD).

You can give up to $100,000 per year directly from your IRA.

Your gift counts toward your RMD.

You will not pay income tax on the amount given through a QCD.

Starting at age 70½, you can take advantage of this opportunity to maximize your giving, lower your taxable income, and make a meaningful difference in our community.

Questions? Contact Lorraine Fisher.