Fixed Income for Retirement
Patricia: While I was working, I bought stock every year. Overall, this was a good investment strategy. The stock grew in value considerably. Now that I am retiring, I need a new strategy — one that protects my savings so that my situation won't change even with changes in the markets.
Patricia spoke with a friend who recently set up a charitable gift annuity with her favorite charity. Patricia learned from using our online Annuity Calculator that she should receive a good payout based on her age and that she would receive a charitable income tax deduction and part of the payment from the annuity would be tax free.
Patricia: I transferred my stock to fund a charitable gift annuity. I was delighted with the fixed payment I received. I avoided part of the capital gains tax, and my CPA was pleased that my charitable deduction will save taxes this year. With my tax savings and increased income, I can afford to travel to see my grandchildren several times this year!
*Please note: The name and image above are representative of a typical donor and may or may not be an actual donor our organization has worked with. Since your gift annuity benefits may be different, you may want to click here to view an example of your benefits.