That is clunky. I will be doing my first QCD from my Vanguard IRA this year. You have to allow enough time for Vanguard to mail you the check to you, forward it to the charity, and they must cash it before the end of the year. I'm going to start the process in November.
I'm 50/50 stocks/bonds. Yes the NAV of the bond funds fell in 2022, but the monthly interest payments went up. I'm finally getting a decent monthly income from my bond funds. I redirected that money into a money market fund and will take my RMD from. If stocks remain high I may use some of that.
I saved a lot in tax deferred accounts because I expected to have a lower income in retirement. Not so! This year I have to take RMD and that will push me into IRMMA surcharge territory plus state and local income taxes. The only way out is Qualified Charitable Distributions. I'm wondering if doing one massive Roth conversion in one year would be a good idea?
Comments
It makes sense only if you were planning to donate to charity anyway.
Post: Risk and Taxes
Link to comment from August 8, 2026
That is clunky. I will be doing my first QCD from my Vanguard IRA this year. You have to allow enough time for Vanguard to mail you the check to you, forward it to the charity, and they must cash it before the end of the year. I'm going to start the process in November.
Post: Risk and Taxes
Link to comment from August 8, 2026
I'm 50/50 stocks/bonds. Yes the NAV of the bond funds fell in 2022, but the monthly interest payments went up. I'm finally getting a decent monthly income from my bond funds. I redirected that money into a money market fund and will take my RMD from. If stocks remain high I may use some of that.
Post: Staying Rational
Link to comment from April 18, 2026
Me too, along with crypto.
Post: Stock Tokens
Link to comment from April 11, 2026
I saved a lot in tax deferred accounts because I expected to have a lower income in retirement. Not so! This year I have to take RMD and that will push me into IRMMA surcharge territory plus state and local income taxes. The only way out is Qualified Charitable Distributions. I'm wondering if doing one massive Roth conversion in one year would be a good idea?
Post: Tax Smart Retirement
Link to comment from March 7, 2026