January 2016 ushered in a great tax savings opportunity for those who are 70 ½ or more years of age. That’s because 2016 is the year Congress finally gave permanent approval to the option of Qualified Charitable Distributions, or QCDs.

The Profile of a QCD Candidate

The only stipulations to participate in a QCD are that you are 70 ½ years of age or older, that you have a traditional Individual Retirement Account (IRA), and that you are willing to donate to an IRS-qualified charity.

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