We recently produced a blog post extolling the virtues of using appreciated capital assets to fund your charitable intentions. In this post, we will introduce the reader to the Qualified Charitable Distribution (QCD). A QCD allows an IRA account owner to contribute a part or all of their Required Minimum Distribution (RMD) to a charitable endeavor.
The current statistic is that if you are turning 65 today, you have a 70% chance of needing a long-term care facility.
Directly donating highly appreciated capital gain property is a savvy way to do good for your favorite cause and yourself.
Over there years, there have been a many of pieces/articles/calculators that will help you get to your “retirement number.” The calculation outlined by Jared Dillian is the first time I’ve seen one that is simple and makes sense: it’s all about the value of your house. The income you will need annually is 30% of your home value. The savings you will need is that projected annual income, divided by 0.04.