QCD from Guaranteed Income Benefit on TIRAnnuity
If a client has a TIRAnnuity with an income rider on it and is receiving that income, should they be able to direct the annuity company to send those payments directly to charity as QCD?
If a client has a TIRAnnuity with an income rider on it and is receiving that income, should they be able to direct the annuity company to send those payments directly to charity as QCD?
Permalink Submitted by Alan - IRA critic on Thu, 2023-03-02 17:11
They can make the request, but it’s likely that the insurance company’s systems do not support this change of payee. If client has a non annuity IRA it would probably be easier to make QCDs from that other IRA including timing the QCDs so that they are completed before the total RMD is completed.
Permalink Submitted by [email protected] on Fri, 2023-03-03 14:11
thank you.