Michael and Susan Dell’s donation made news for a lot of reasons. Here’s what you need to know about private foundations, government gifts and the tax consequences. https://t.co/MsMkHsHZpC ...

Michael and Susan Dell’s donation made news for a lot of reasons–including that it was targeted to a government program, not a public charity.Here’s what you need to know about private foundations, government gifts and the tax consequences: https://t.co/HGYWUKUR0H📸: Chip Somodevilla via Getty Images ...

Core Insights - Retirees facing required minimum distributions (RMDs) have various options to manage their cash without necessarily depositing it into a checking account [2][4] Group 1: RMD Management Options - In-kind distributions allow retirees to transfer or withdraw assets while keeping them invested, which can be beneficial for those who want to wait for investments to recover [4][5] - Qualified charitable distributions (QCDs) enable taxpayers to donate directly to charities, avoiding taxes on the distribution and potentially reducing taxable income [6][8] - Converting traditional IRA funds to a Roth IRA can provide strategic benefits as retirees approach RMD age [9][10] Group 2: Tax Implications - Handling RMDs can have tax consequences, making it essential for retirees to consider the tax implications of their choices [3][6] - Utilizing QCDs can lower Medicare premiums and reduce future RMDs by decreasing the overall value of tax-advantaged retirement accounts [8]