Fidelity and Schwab have differing approaches to a QCD from an RMD. Why?
February 8, 2024 7:16 AM Subscribe
Fidelity will send a Qualified Charitable Donation (QCD) to your preferred charity before sending the balance of the Required Minimum Distribution (RMD) to you. This permits a tax benefit, even if you do not itemize on your Federal return. On the other hand, Schwab will not do this, which is a disservice to their clients. Obviously, both of them can do it. What explains their differing interpretations of the same laws and regulations?