Ask Terry Questions RMD / Charity

RMD / Charity

By Terry Savage on December 04, 2024 | Financial Planning / Retirement

Terry, I am 73 and Fidelity has deposited my RMD into our checking account. Does Fidelity have to send the RMD to my designated charity in order to avoid income tax or can I still send the RMD amount to my charities we support?

Terry Says

No, you should have designated the charity BEFORE you took the RMD. Remember to do that next year!

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