| Deferred Gift Annuity – A Deduction Now; Retirement Income Later You can delay the beginning of payments from your gift annuity. The deferral gives you both a higher income rate and a larger charitable deduction than you could receive from an annuity paying you immediately. Many donors set payments to begin at a future date when they or their spouse will need additional income. The deferred gift annuity is especially attractive if you are still in high-income years, and are looking for both tax deductions and additional income during retirement. Example You donate $10,000 of appreciated stock, originally purchased for $2,500 to a single life Gift Annuity with quarterly payments that are deferred to age 65. Assume an IRS discount rate of 4.2%.
For more information E-mail us, complete the Personal Illustration form, or call us at (703) 838-7533 so that we can assist you.
|