In this episode of the Baird Retirement Management Show, hosts Greg Ashcroft and Scott Bartosh dive into charitable giving strategies for retirees. They discuss everything from the personal motivations behind charitable contributions to the best ways to maximize tax benefits. Starting with a focus on the purpose and alignment of giving, they examine cash gifts, donor-advised funds, and the increasingly popular qualified charitable distributions (QCDs) from IRAs, offering insights into how retirees can reduce their taxable income while supporting meaningful causes. The conversation expands to advanced strategies like donating appreciated assets and estate planning with charitable bequests, highlighting the importance of understanding IRA inheritance rules and estate taxes. For retirees looking to make an impact while navigating tax-efficient planning, this episode provides a comprehensive guide to purposeful giving. Whether you're looking to donate to a favorite charity or considering family-focused charitable strategies, this episode has valuable tips for every listener.

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