Advisor Perspectives Clearing Up QCD Confusion - A Morningstar Article. Original article can be found here.How Does the New Tax Law Affect Qualified Charitable Distributions?In short, the strategy of donating to charities directly from an IRA after age 70 1/2 is still around under the new tax laws. The qualified charitable distribution (QCD) has been around for years, but was only codified as a permanent law a few years ago. A QCD allows those age 70 1/2 to give money to charities directly from their IRAs in a tax advantageous manner. This allows IRA owners who have attained age 70 1/2 to distribute money directly from the IRA to a qualified charity. Total annual QCDs from all IRAs cannot exceed $100,000 for an individual. Spouses can each make up to $100,000 of QCDs.Making a QCD as opposed to a normal charitable gift has two main advantages. First, a QCD counts toward satisfying the individual's required minimum distribution for that year. Second, the distribution is excluded from the taxpayer's income. It is this second benefit that really shines under the new tax bill. With very few individuals expected to itemize (some estimates say around 5% of filers), the income tax deduction for contributions to charities will be lost for many people. However, if you make a QCD, you get a full exclusion of that income from taxes. So, for any retiree that is 70 1/2 or older, owns an IRA subject to RMDs, and is charitably inclined, a QCD really works out as a way to preserve an income-tax-reducing charitable deduction under the new tax law. Volatility has Finally ReturnedVolatility has finally returned. Markets have moved backwards, while simultaneously moving higher in some areas. It appears the truly exceptional market environment we saw over the recent year... To read more, please click here.Two Documents Every 18-year-old Should SignWhat do you do when your young adult is away from home and has an emergency? These two often neglected documents could be life savers! Rekenthaler Report: How to Get Really RichWe believe Jeremy Grantham makes some valid points in this video summary of his most recent quarterly commentary.