Deferred Gift Annuity
© Connie Gelb
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A deferred gift annuity can provide income during your retirement years for yourself and/or others while ultimately providing critical support to
retirees and caregivers around the state. It is simply a contract in which The
Retirement Resource Organization agrees to pay you and/or another beneficiary fixed income for life. With a deferred gift annuity, you pick a date in the future to begin receiving your payments. This is a particularly useful giving option if you want to plan now for your future financial needs. To meet current financial needs you should consider a charitable gift annuity.
Smart Retirement Strategy - By deferring payments to supplement your retirement, your payments will be higher than if they had begun immediately. Also, you can take an income tax charitable deduction in a high-income year and defer income until a future date when your income and tax bracket may be lower.
Benefits / Gift Requirements
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Dependable Fixed Income – Receive fixed lifetime income beginning at a future date.
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Immediate Tax Savings – You can take an income tax charitable deduction in the year you make the gift. If you fund your annuity with appreciated securities, you can avoid or defer capital gain taxes you would have paid had you sold the asset.
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Leave a Legacy – Your gift will ensure
retirees and caregivers will be helped across future generations. Become a Legacy Club member.
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Minimum Age: 30, must defer payments until at least age 50
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Minimum Dollar Amount: $5,000 in cash or securities
How It Works (example)
At age 55, Frederick realizes that he will need additional income during his retirement years.
As a humanitarian supporter he decides to create a deferred gift annuity with us. He makes a cash gift of $50,000 and requests that his annual payments begin in 10 years. At age 65 he will receive approximately $4,800 each year
(usually paid quarterly) a portion of which will be tax-free. He can also claim an income tax deduction of about $18,400 the year he makes the gift. He also knows that he is leaving his legacy to nature.
Deferred Gift Annuity Rates - Find out the current rates for deferred gift annuities and how income benefits change with the length of deferral.
Gifts to Nature - Read the story of one donor who made multiple Deferred Gift Annuities for conservation work overseas.
Contact Us
Would you like more information about deferred gift annuities, other gifts that provide income or becoming a Legacy Club member? Please contact us, e-mail
legacy@retirement-resource.org
or call us toll-free at (877) 855-3718.
If you would like a personalized proposal for a deferred gift annuity, please let us know the date(s) of birth for the income beneficiary(ies), the length of time you would like to defer the payments and the gift amount you are considering.
Gift Planning Home | Life-Income Gifts Home | Comparison of Giving Options | Contact Us
Information provided on our Internet site is not intended to be tax or legal advice.
Rates used in examples are for illustrative purposes only. Please consult a qualified legal or financial advisor before making a gift.
| The Retirement Resource Organization, Inc. is a tax-exempt charitable organization under Section 501(c)(3) of the Internal Revenue Code.
Donations are tax-deductible. | |
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