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What is an RMD (required minimum distribution)?

An RMD is the minimum amount that must be withdrawn from a retirement account each year. The SECURE Act replaces annual RMDs with a 10-year payout period for most non-spouse beneficiaries who inherit

Let’s be clear: charitable giving is a standalone act whose value is to benefit others.

But for high-net-worth individuals, it is not conflicting to point out tax considerations when making charitable contributions. The considerations are not to deter giving; rather,