Deferred Charitable Gift Annuity

Middle-age professionals, particularly those who have maximized their retirement plans, may want to consider the deferred gift annuity.  The payment is determined by your age at the time of the gift and at the time payment is to begin.  The longer you defer payment, the higher the rate will be.  Under this arrangement, you receive your income tax deduction now during your high income years and postpone your annuity payments until later (usually after retirement) when you may be in a lower tax bracket.  In so doing, you can effectively supplement your retirement income and make a substantial gift, one that can leave a lasting legacy for you.