RMD - QCD
I have a SEP IRA and a traditional IRA and will need to start making RMDs next year. Ideally I would like to send some of my RMD as a QCD to my church. Since I am still making contributions to my SEP IRA the RMD will need to be made from my traditional IRA which has not had any contributions made to it for many years. However since I have been making deductible contributions to my SEP after the age 70 1/2, does my QCD have to lowered by those contributions? An article I read from Lord Abbett says contributions made after 70 1/2 made to a SEP IRA are exempt from what is called the "anti-abuse" rule. However my Chas Schwab rep tells me his info says any deductible contributions made to any IRA made after 70 1/2 would lower the QCD amount. I'm looking for guidance on this issue. Thank you.
