Brian Tullio Quoted in Financial Advisor Magazine

When using qualified charitable distributions to fund charitable gift annuities, it’s important to plan carefully to maximize tax benefits. Wealth Manager Brian Tullio provided insight on funding CGAs with QCDs in a recent Financial Advisor Magazine article. “Once a donor funds a CGA with a QCD, whatever the remaining funding limit is must be used within the same calendar year,” he said. “Ideally, a donor could use this amount in a year where they might expect high income to help mitigate the otherwise taxable recognition of their RMD, but that means waiting until after they turn 73, versus 70½, when the QCD funding option first becomes available.” Click here for the full article.