Estate Planning & Qualified Charitable Distributions (QCDs)

Secure Your Legacy with
Estate Planning

Estate planning is a crucial step in ensuring that your assets are managed and distributed according to your wishes. It not only provides financial security for your loved ones but also allows you to leave a lasting impact through charitable giving.

Why Does Estate Planning Matter?

Financial Security: Proper estate planning ensures that your assets are distributed according to your wishes, helping to minimize estate taxes and avoid the complexities of probate.

Peace of Mind: Knowing that your affairs are in order provides peace of mind for you and protection for your loved ones.

Charitable Giving: Including charitable contributions in your estate plan can help support the causes you care about, leaving a meaningful legacy.

Understanding QCDs

Qualified Charitable Distributions (QCDs) offer a unique way to support your favorite charities while enjoying tax benefits. A QCD allows individuals aged 70½ or older to directly transfer funds from their IRAs to eligible charities, like The PenFed Foundation, without counting the distribution as taxable income.

Benefits of QCDs

Tax Advantages: QCDs help reduce your taxable income, especially beneficial if you need to meet your Required Minimum Distributions (RMDs).

Philanthropic Impact: Your charitable contributions can make a significant difference in the lives of those served by the PenFed Foundation and other organizations you support.

Who can make a QCD?
Individuals aged 70½ or older with an IRA.
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What is the limit on QCD amounts?
You can donate up to $105,000 per year.
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Can QCDs be made from any retirement account?
No, QCDs can only be made from IRAs, not 401(k)s or other retirement accounts.
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Together, we can make a positive impact on the military community!

Why Choose
The PenFed Foundation?

The PenFed Foundation is dedicated to supporting military service members, veterans, and their families. By including us in your estate planning and making QCDs, you can help us continue our mission to champion the military community, with an emphasis on the successful transition from service to civilian life.

Take Action Today
Secure your legacy and make a lasting impact by considering The PenFed Foundation in your estate planning. For more information and assistance, please contact us at donate@penfed.org