RMD or QCD?
At a specific age, IRS guidelines state you must take a required minimum distribution (RMD), from retirement accounts. If you reached age 70 ½ in 2019 or prior, nothing changes, you must take an RMD in 2021. However, if you reached 70 ½ in 2020 or later, your first RMD will not be required until April 1st the year after you turn 72. You may also choose to make a qualified charitable distribution, QCD. This allows you to donate up to 100k total, direct to one or more charities. A QCD satisfies RMD requirements and you will not pay taxes on the distribution made to the charity. Depending on your situation, there may be additional tax benefits. Please contact us to find out if a QCD may be right for you.
ESG Investing
More than just a catchy phrase or commentary on society, there is tested research on the power of investing in companies that rank higher in certain factors regarding their efforts in the areas of environment, social practice and governance. We’ve been following this research and have ESG strategies available. We’d love to discuss this if you have interest. Click here to learn more!
Montana Roots to Nationwide
D.A. Davidson is expanding! D.A. Davidson started in Great Falls, MT in 1935 and is still proud to be a Montana based company. However, after 85 years we now have offices nationwide which allows us to leverage additional resources to bring you the best full-service investment firm available. Click here to read our full history.
Team Update
Molly’s been keeping current with industry and financial planning trends by attending virtual conferences. She’s constantly on the road watching her kids play sports. She’s ready for a summer vacation and camping at the lake.
Darcy has been chasing after baseballs, her dog, and grandkids this early spring and loving every second. The lift in restrictions feels like a return to life and she’s here for it! She hopes to see some of you at Symphony Under The Stars!
Khamsin’s latest news is she recently earned the FPQP™ designation, which stands for Financial Paraplanner Qualified Professional™. She is excited to bring additional knowledge to our clients and the financial planning process. In her personal time you can find her on a river with her families new lime green raft!