Yesterday, we exposed the risks and rewards of reverse mortgages. But today, let’s talk about something that’s both strategic and meaningful: charitable giving that cuts your tax bill.

If you’re over 70½ and have a traditional IRA, you can make a Qualified Charitable Distribution (QCD)—a direct donation to a nonprofit that counts toward your Required Minimum Distribution without counting as taxable income. That’s a win-win: you support a cause you believe in and dodge the IRS at the same time.

You don’t need millions to make an impact. Many retirees are using QCDs, donor-advised funds, or appreciated assets like stocks to give smarter, not just more. These tools lower capital gains, shrink estate taxes, and keep your money aligned with your principles.

The elites use these tactics every year—setting up legacy foundations and funding their values for generations. You can do it too, even on a modest retirement income. The key is knowing the rules and putting them to work for your future and your faith.

Tomorrow, we pivot again—this time to a more personal but practical subject: how keeping a health journal can prevent medical mistakes and save you big bucks down the line.