QCDs: A Great Way to Give Yourself (and the Charities You Love) a Gift This Year
If you’re 72 or older and have a traditional IRA, you probably know the drill: Every year, you must withdraw a minimum dollar amount from your retirement account. These , or RMDs, were waived for 2020 due to the coronavirus pandemic, but they’re back for 2021. The amount of your RMD depends on several factors, including your age, life expectancy and account balance, and will vary each year. The withdrawal percentage generally starts . Failing to withdraw your RMD by the applicable deadline can result in a steep penalty: 50% of the amount you neglected to
