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Retirement Income for Life With a Senior Tax Break

Posted on January 7, 2009 by bobrichards

Most people think about charitable bequests as part of their will or trust to be consummated when they die.  However, you will miss some senior tax breaks if you wait until death.   If you attend to these charitable giving issues while alive, there are some big tax breaks available and a decent income for life.

Charities are happy to pay you money if you help them. It's called a charitable gift annuity and here's how it works. You make a single contribution and based on the amount of that contribution, your age and current interest rates, you receive a set income for life.  Think of this like making any other retirement income investment.  You invest and get a lifetime income.

Don't shop around with charities for the highest rate of return, though, because most large U.S. charities offer yields set annually by the American Council on Gift Annuities in Dallas. This benign collusion among charities, which began casually about 70 years ago, was finally legalized by Congress.

A gift annuity's yield varies according to your age and the date you make your gift (see table below effective 1/1/09). Since a portion of your income will be considered a return of principal, part of your annual income will be tax-free. How much depends on your age. Additionally, you get a tax deduction for your gift as shown on the above table.

Age                  Payout Rate Deduction as % of gift
65                         5.7                34.2
70                         6.1                38.4
75                         6.7                43.4
80                         7.6                48.3
85                         8.9                51.9
90 and over         10.5

If you have charitable intentions but want to retain income from your donation, most any charity will show you how to set up a charitable gift annuity. Your donation does not need to be cash—you could donate appreciated securities or land that currently pays you nothing and also save on capital gains tax.

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Filed Under: Tax Savings

About bobrichards

Bob Richards
Editor | Involved in Various Marketing Positions within the Financial Services Industry

Comments

  1. Lindsay Kennedy says

    February 17, 2009 at 8:30 am

    What a fantastic opportunity to share more of your wealth with a favorite cause while retaining financial confidence.

    Thanks!

    Reply
  2. Tena Briefs says

    February 17, 2009 at 11:43 am

    Property taxes are another thing that I feel should be capped at retirement. This seems to creep up every year as the house is worth more. Medical supplies should also be tax free for seniors!

    Reply
  3. Tony F. says

    February 24, 2009 at 8:45 pm

    Interesting topic to explore further !
    I, as a retired 67 years old single man, is looking to establish my own charitable foundation which would also provide my cost of living while I am alive.
    Would appriciate any input from other readers in this regard.

    Reply
  4. Victor says

    March 1, 2009 at 9:05 am

    This is also my aunt's main concern as she has acquired quite a lot of real estate properties. As for this charitable income investment, it's a good way of having income even for retirees. At the same it serves good intentions.

    Reply
  5. Best etf funds list says

    March 3, 2009 at 11:04 am

    I like that idea. You get to gift what you wnat and still have income. I like the fact you get tax deduction also. If anyone wants to give to charity i think this is the best way to to it.

    Reply
  6. Frank says

    April 3, 2009 at 2:22 pm

    Great advice, I'm a little confused as to the whole process and will be talking with my tax person here shortly. It's cutting it close and time is running out but I need to make absolutely sure that I'm not missing anything here in the coming weeks.

    Reply
  7. [email protected] Jobs says

    April 5, 2009 at 8:23 am

    This would certainly help promote giving to charities, but also charities would benefit by being 100% transparent where their money goes. Even better, you could donate your money to a specific person/cause within the charity (some charities do this, it would be good if a lot more charities did this). People are (sometimes quite rightly) cynical about how charities spend their money.

    Reply
  8. Planet Buzz - News says

    April 10, 2009 at 7:49 am

    I didn’t know about a gift annuity until I just read your article. I can’t help but wonder how many other people out there know about it. In our present economic times, this information is a mighty powerful thing to know about. It sounds like a better bet than to invest in the stock market now days. I am going to find out about how I can get involved. Anything we can do to provide for ourselves after we retire is a big plus.

    Reply
  9. Apex Professionals LLC says

    April 12, 2009 at 6:03 pm

    Always like to see people spreading the charity love. Im lucky that I work for a company (Apex Professionals) that has the resources to do that sort of thing. We just cut a check this past december for $12k to world vision to have a well built in the zambia. Thanks for the article. Good read.

    Apex Professionals LLCs last blog post..Apex Professionals LLC: Why get out of your timeshare?

    Reply
  10. [email protected] Real Estate says

    April 12, 2009 at 7:41 pm

    Great post! there are many ways to reduce burden of taxes. I wasn't aware of this type of retirement investment. Great way to plan ahead, esp. in this market. It is in your best interest to find these alternative channels before you die. Isn't the death tax at around 40-45% these days?

    Reply
  11. Retirement Plan says

    April 14, 2009 at 11:41 am

    I haven't thought much about my retirement plan except for the simplified 401K contributions we have at work. People have been saying that investment in stocks and bonds on long-term hold may not be the wisest thing to do these days. Thank you for sharing this information with us! I hope to know more about these stuff.

    Reply
  12. Homesgofast says

    April 18, 2009 at 12:41 am

    I run an international real estate website covering 70 countries, The US right now is the place to invest and gain a retirement income, Western New York State and Florida seem top places for overseas property investors with retirement income in mind , interesting blog

    Homesgofasts last blog post..Expats Buying New Zealand Property

    Reply
  13. yahooalpha says

    May 2, 2009 at 6:13 pm

    This is also my aunt’s main concern as she has acquired quite a lot of real estate properties. As for this charitable income investment, it’s a good way of having income even for retirees. At the same it serves good intentions.

    Reply
  14. sikis says

    May 2, 2009 at 6:16 pm

    Interesting topic to explore further !
    I, as a retired 67 years old single man, is looking to establish my own charitable foundation which would also provide my cost of living while I am alive.
    Would appriciate any input from other readers in this regard.

    Reply
  15. dave stafford says

    May 4, 2009 at 2:40 pm

    personally i would not use any charity fund that did not use the rates set by the American Council on Gift Annuities anything other than that would sound fishy to me

    dave staffords last blog post..Customer Reviews

    Reply
  16. Claude Monet says

    May 7, 2009 at 3:47 am

    This is really good for encouraging more people to give to charity. During these difficult times it is charities that are probably most forgotten as people concentrate solely on their own survival. Thanks for the information and i hope this post helps others to take advantage of these tax breaks.

    Reply
  17. sikis izle says

    May 8, 2009 at 7:36 am

    This would certainly help promote giving to charities, but also charities would benefit by being 100% transparent where their money goes. Even better, you could donate your money to a specific person/cause within the charity (some charities do this, it would be good if a lot more charities did this). People are (sometimes quite rightly) cynical about how charities spend their money.

    Reply
  18. Branson Homes For Sale says

    May 9, 2009 at 6:15 am

    I did not even know that such a things as a charitable gift annuity even existed. But it sounds like the perfect way to make a decent investment and still be helping people at the same time.

    Reply
  19. Expat Forums says

    May 14, 2009 at 2:16 pm

    With the present world wide recession going on, charities must be the last thing people consider as a way of making a good return on any savings and also the first to suffer from dwindling donations. This sounds like an ideal way of investing your money and helping those that most need it in these hard times.

    Expat Forumss last blog post..Camps in court on corruption charges next week, in news and forums Spain

    Reply
  20. Jonas says

    May 14, 2009 at 6:17 pm

    Property taxes are another thing that I feel should be capped at retirement. This seems to creep up every year as the house is worth more. Medical supplies should also be tax free for seniors!

    Reply
  21. Orlando Mortgage says

    May 19, 2009 at 9:07 pm

    Giving to charity is never a bad thing. You can't go wrong in situations where real estate investors and those in need are able to benefit at the same time.

    Orlando Mortgages last blog post..7 Common Homebuyer Mistakes Brochure

    Reply
  22. Property says

    May 21, 2009 at 5:58 am

    Payments from a charitable gift annuity are fixed from the outset. They will neither increase nor decrease, whatever happens to interest rates or the stock market. A charity is contractually obligated to make the payments, even if it has to dip into its general funds to do so

    Propertys last blog post..Residential Plot / Land for Sale in Baner Road, Pune (7182459)

    Reply
  23. Kay @ Las Vegas for Kids says

    May 23, 2009 at 2:01 pm

    I too had not heard of charitable annuities. How does one protect from the Charity going under? Are the charity contributions insured? I believe more would give, except no one knows there actual life expectancy. The Government needs to step in and relieve the burnden not on the retirees by date of retirement but by age. I mean the guys in the NBA retire in their early 30's. I'd like to see seniors get a real break so they don't have to worry.

    Reply
  24. Photo Restoration says

    May 25, 2009 at 9:04 pm

    Well I guess this would be really helpful in these hard times with the economy all gone nuts. Seniors really need to be respected and I think this would be one way to do that.

    Reply
  25. James says

    June 1, 2009 at 3:54 am

    The idea of not giving up a part of your hard earned retirement fund in the form of taxes is fantastic. It's the age old story the world over - you work hard and get taxed then retire and get taxed on the money you've already been taxed on!

    Reply
  26. Tony Curlo says

    June 1, 2009 at 1:03 pm

    Very interesting. I find it very important to donate to charity even without the tax benefits. But you can help yourself and others.

    Google Secret Loophole

    Reply
  27. real estate says

    June 4, 2009 at 4:50 am

    I am Andrew from Australia. We don't really have this type of structure in oz although charitable and also green donations receive very favorable tax treatment.

    This is a real win/ win scenario because the Governments in most countries realise that only private enterprise and public donations can alleviate the enormous cost of social problems. I love seeing really sensible, solution based lateral thinking, in dealing with the growing needs of the disadvantaged among us.

    Reply
  28. Amazon Best Deals says

    June 6, 2009 at 11:51 pm

    This is the first time I'm getting to know about "charitable gift annuity." I've read the post and it was very informative. Specially the table made me understand everything. Thanks for sharing the information.

    Reply
  29. Gustav Klimt Paintings & Prints says

    June 8, 2009 at 3:38 am

    Charities need all the help that they can get so to get some tax relief for doing so is a great win-win idea. Charities may be forgotten somewhat in the current climate too, so this is a good thing, and you're right to publicise it. Personally, i run some art projects teaching about different artists to children, and its very hard to get funding from traditional means.

    Gustav Klimt Paintings & Printss last blog post..Gustav Klimt Timeline, The Kiss History

    Reply
  30. Card Offers says

    June 9, 2009 at 5:07 am

    There are some companies who claim to be a charity company and take the scratch out of these innocent retired people. So we should be always careful about what we are doing and are we sure about what kind of investment we are going to afford

    Reply
  31. [email protected] hosting says

    June 15, 2009 at 10:06 pm

    I like the idea of a gift annuity. You get the best of both worlds. Donate and tax break and income. Someone should list the charities that do this or how to set it up.

    Reply
  32. Asset tracking says

    June 17, 2009 at 1:53 am

    What a fantastic tip - I will certainly be passing this on to my folks who would almost certainly be able to benefit. It would be great to see a table showing potential incomes from a range of different donation amounts, to get a clearer example of what this could mean - any chance of doing this? Thanks!

    Reply
  33. Ash says

    June 19, 2009 at 11:54 am

    It looks like you have to be over the retirement age to qualify. I agree with Keegan that you should not have to be old to get these kinds of returns.

    Reply
  34. Keegan says

    June 19, 2009 at 11:52 am

    Why does age have to be such a factor. I'm 28 and I would love to have a return on a gift to my favorite charity.

    Reply
  35. Faces of Death says

    June 21, 2009 at 1:24 pm

    What about self employed people? I need to set someting up :/

    Reply
  36. Buzz News says

    June 22, 2009 at 8:48 am

    Great article. I never knew there was such a thing called gift annuity. Seems like a well organized scheme. My dad would be very interested in this. The post is very informative. All the information we need is there. Thanks for sharing.

    Reply
  37. Preklady nemčina says

    June 25, 2009 at 2:16 am

    I like this idea also, I wonder what senior tax break will do in the world of finance.

    Reply
  38. Cheap Office Supplies says

    June 26, 2009 at 2:12 pm

    I dint know there is something like this actually . Very interesting investing method for retired people. In the end of the day your money will be safe al least. Thanks a lot for sharing this article.

    Reply
  39. Tents says

    July 5, 2009 at 9:25 pm

    Certainly an interesting article. The idea of gift annuity is really a good idea i believe. The ideal thing for elders. Appreciate the article. Cheers

    Reply
  40. Novelty Gifts says

    July 9, 2009 at 2:16 pm

    This is an excellent idea for large and small businesses alike. I don't dispute that encouraging charitable donations through tax relief can only be a good thing. I'll throw this point in for discussion though - is it at the expense of the every day tax payer to subsidize schemes such as these?

    Reply
  41. Denver home mortgage says

    July 10, 2009 at 4:37 pm

    Well like the article says don't wait till you die for tax breaks

    Reply
  42. Option Maestro says

    July 10, 2009 at 10:01 pm

    Hey good information about tax breaks. I can't believe it jumps that much over the 5 year periods. I guess after the past year one donating securities would be a good idea, as theyll be low for a while and instead of selling them low donate them to grow.

    Reply
    • Samsung Android Telefonlar says

      July 14, 2013 at 4:22 pm

      So many ways to reduce burden of taxes. I’ve never seen this type of retirement investment. Good to know when I talk to my investment planner in a few weeks.

      Reply
  43. Andrew Croft says

    July 12, 2009 at 8:43 am

    Well its good that people can actually get something back after working and paying tax for most of our lives. What they should do is offer interim breaks when you get to 30, 40, 50, and 60 and then put this in place. It would be more rewarding.

    Reply
  44. real estate com says

    July 13, 2009 at 4:15 am

    That's so true. Society and Governments need to look for, or create and encourage these win/win situations.

    Encouraging charitable works by way of taxation icentices has worked in the past and will become increasingly vital as Government revenues decline and social security costs increase with aging populations across the planet.

    Reply
  45. Konferens says

    July 14, 2009 at 11:52 am

    If you are double dipping you likely don't need all of the money each month..so public employees can "defer" their wages until such time that they are no longer working two jobs and in a lower tax bracket. ONLY a public employee would argue that this is good policy while at the same time forcing everyone else to pay their fair share and then some. No one else but public employees enjoy this tax scam.

    Reply
  46. Gas Fires says

    July 15, 2009 at 12:57 pm

    This is just wrong. People that have worked their whole lives, paid and paid taxes they deserve this in their golden years. People that have not worked till retirement ages should not get it. Only those that have not claimed welfare, disability and so on deserve this claim on their taxes. hell, why not just tax the hell out of their SS checks too while you're at it. Maybe its time for government to slash their budgets, instead of trying to tax everyone to death.

    Reply
  47. Clip In Hair Extensions says

    July 18, 2009 at 1:52 am

    Retirement income are the only method of income to most of the seniors. And I really do think they need to be handled well. Some cases are really sad to hear.

    Reply
  48. Gas Fires says

    July 19, 2009 at 11:19 am

    What exactly does tax preferences cost the working population? Today's workers face a much larger federal payroll tax.I'm guessing that to support Social Security and Medicare than did previous generations,targeting tax breaks to senior citizens can exacerbate the inter generational transfer of wealth from workers to retirees, which will become more pronounced as the proportion of elderly Americans increases during the next three decades.

    Reply
  49. Annabelle says

    July 21, 2009 at 10:19 am

    retirenment income is something that people dont think much about,that is yonge people. They should start saving as early as possible

    Reply
  50. Stock Clearance says

    July 23, 2009 at 11:52 am

    Most people think about charitable bequests as part of their will or trust to be consummated when they die. However, you will miss some senior tax breaks if you wait until death.If you attend to these charitable giving issues while alive, there are some big tax breaks available and a decent income for life.

    Reply
  51. LMS says

    July 29, 2009 at 12:28 pm

    Compared with last year the Senior Voters got a cost of living increase in their city pensions and Social Security, as mandated by law in good times and bad, no matter the effect on the people who pay taxes to fund these benefits. Of course the cost of the health insurance, which they don’t pay for, also went up. Some of that cost (particularly for Medicare) is paid for with borrowed money, likely reducing the benefits the Young Hopefuls will receive when they are old.

    Reply
  52. Jay @ Car Cleaning Products says

    July 31, 2009 at 1:48 pm

    Don’t shop around with charities for the highest rate of return, though, because most large U.S. charities offer yields set annually by the American Council on Gift Annuities in Dallas. This benign collusion among charities, which began casually about 70 years ago, was finally legalized by Congress.

    Reply
  53. suntouch floor heat says

    August 8, 2009 at 11:23 am

    why does "senior" always seem to mean "poor" I'm sorry to sound callous but you don't need a 100% medical deduction on your taxes if you make $6600 a month when the rest of us are faced with pay cuts, pay freezes and continually rising medical costs. my guess is when this law was enacted, the health insurance industry didn't have a strangle hold on health care costs in this country.

    Reply
  54. update music says

    August 9, 2009 at 3:51 am

    Interesting indeed. Senior tax breaks have not actually been really helpful for the seniors. I say this because at times I hear many people talking about it and I personally do feel it is true in some cases.

    Reply
  55. Birmingham Office Supplies says

    August 9, 2009 at 11:53 am

    I think a good option is to annuitize your assets. Here again, the idea is that rather than leaving an inheritance, you get the money to enjoy during your lifetime by consuming principal. The risk in spending principal is that the principal could run out before you do. And that way no need to worry about being taxed

    Reply
  56. Vua says

    August 9, 2009 at 6:09 pm

    Certainly an interesting article. The idea of gift annuity is really a good idea i believe. The ideal thing for elders. Appreciate the article. Cheers

    Reply
  57. Healthcare Professional says

    August 9, 2009 at 9:12 pm

    Its funny I work with tons of elderly as a CNA healthcare Professional, I really think a lot of them could use this information. I am glad I found this site.

    Reply
  58. Print Services Birmingham says

    August 11, 2009 at 11:18 am

    Well rather than deposit finds with a commercial insurance company, you deposit the funds with a charity and the charity provides a lifetime income. The amount may be less than the commercial annuity so check and compare. Additionally, you get a tax deduction that could shelter your income and reduce your tax bill for up to 6 years.

    Reply
  59. ZigBee says

    August 13, 2009 at 9:16 am

    Not many retirees need to diversify beyond these three major asset classes. If you're diversifying properly, you would have the right dissimilarity of investment objectives and historical performances sufficient to offset market volatility.At some point, diversification becomes an exercise in absurdity, he said. But when using portfolio optimization strategy, some people may want and benefit from other asset classes such as gold, precious metals...

    Reply
  60. raleigh child support says

    August 18, 2009 at 12:06 am

    This is great news! This idea gift annuity will really make life easier for our elderly, given the fact that most of them rely only on retirement income.

    Reply
  61. Work Wear Clothing says

    August 19, 2009 at 7:01 am

    Tax law requires people to begin taking money out of their IRAs, usually based on their previous year-end balances and life expectancy. But the recent market turmoil meant many savers faced oversized withdrawals on now-shriveled nest eggs. This temporary waiver allows IRA contributors and beneficiaries to forgo their 2009 distributions.

    Reply
  62. Turk Sikis says

    August 23, 2009 at 7:00 am

    There are many ways to reduce burden of taxes. I wasn’t aware of this type of retirement investment. Great way to plan ahead, esp. in this market. It is in your best interest to find these alternative channels before you die. Isn’t the death tax at around 40-45% these days? Thank You

    Reply
  63. Property Tax Accountant says

    August 31, 2009 at 2:16 am

    Now with more awareness there are more retirees taking advantage of conversion of their funds prior to death and avoiding some of the tax that previously would have applied. However there are still those that don't really understand and the more awareness there is the more benefit to all so anyone reading these articles should be passing the information on to their older family members and friends to make sure that the people who want to leave their assets to their family actually do so in a real value instead of loosing out with tax and charges etc. OK they are gone so it doesn't matter but the benefit of the feeling of giving to their family is the point so the more they can give I am sure the more they feel the pleasure of the giving.

    Reply
  64. Celebrity Wallpaper says

    September 9, 2009 at 8:49 am

    Hmm...
    That's good idea..
    We usually confused to get income from retirement.....

    Reply
  65. jangkrikjr says

    September 9, 2009 at 9:43 am

    Thank for this informtaion

    " our donation does not need to be cash—you could donate appreciated securities or land that currently pays you nothing and also save on capital gains tax"

    Really appreciate that

    Reply
  66. weightlosstips says

    September 9, 2009 at 9:18 am

    Interesting topic to explore, Only those that have not claimed welfare, disability and so on deserve this claim on their taxes. hell, why not just tax the hell out of their SS checks too while you’re at it.

    Reply
  67. mocam says

    September 9, 2009 at 10:05 am

    uity and here’s how it works. You make a single contribution and based on the amount of that contribution, your age and current interest rates, you receive a set income for life. Think of this like making any other retirement income investment. You invest and get a lifetime income.

    Reply
  68. Dudayz says

    September 10, 2009 at 3:36 am

    I didn’t know about a gift annuity until I just read your article. I can’t help but wonder how many other people out there know about it. In our present economic times, this information is a mighty powerful thing to know about

    Reply
  69. san says

    September 9, 2009 at 10:49 pm

    This is also my aunt’s main concern as she has acquired quite a lot of real estate properties. As for this charitable income investment, it’s a good way of having income even for retirees. At the same it serves good intentions.

    Reply
  70. painted desert real estate says

    September 10, 2009 at 8:51 am

    Thats awesome! I didn't know much about what really charities do, like you mentioned about giving your land which isn't in use, will it also cover for some machines or cars you invest in them? Since not everyone has got a land which isn't in use. And also those who've enjoyed a very very good professional career and now decided to retire and want to offer their services for the rest of their life to any charity, so will these gift annuities cover for them as well?

    Reply
  71. Europe Backpacking says

    September 10, 2009 at 5:57 pm

    Increasing your retirement income is a top priority for people planning to retire and current retirees. Like other aspects of financial planning, managing the income you will receive during your retirement years requires careful planning. It is critical that you do not wait until you retire to start making your financial plans. Instead, reassess your financial status during your pre-retirement years so that you can determine whether you need to defer retiring. Most importantly, talk to your financial planner, who will be able to determine your specific needs.

    Thank you for this great post!

    Reply
  72. driver downloads says

    September 12, 2009 at 2:25 am

    If you attend to these charitable giving issues while alive, there are some big tax breaks available and a decent income for life.

    Reply
  73. CNA says

    September 13, 2009 at 11:52 pm

    Good article, I would have to agree. However a lot of people simply dont have the money anymore to diversify. Those that did got hit pretty bad when the economy took a turn for the worst. My grandparents for instance lost almost half of their retirement due to that crash.

    Reply
  74. Flueless Gas Fires says

    September 14, 2009 at 11:15 am

    If you worry about leaving funds to your favorite charity, a goal you may have had for some time, you can use the option above in the form of a Charitable Gift Annuity. Rather than deposit finds with a commercial insurance company, you deposit the funds with a charity and the charity provides a lifetime income. The amount may be less than the commercial annuity so check and compare. Additionally, you get a tax deduction that could shelter your income and reduce your tax bill for up to 6 years.

    Reply
  75. Rizky says

    September 16, 2009 at 12:30 am

    Property taxes are another thing that I feel should be capped at retirement. This seems to creep up every year as the house is worth more. Medical supplies should also be tax free for seniors!

    Reply
  76. Rizky says

    September 16, 2009 at 12:32 am

    This is just wrong. People that have worked their whole lives, paid and paid taxes they deserve this in their golden years. People that have not worked till retirement ages should not get it. Only those that have not claimed welfare, disability and so on deserve this claim on their taxes. hell, why not just tax the hell out of their SS checks too while you’re at it. Maybe its time for government to slash their budgets, instead of trying to tax everyone to death.

    Reply
  77. Car Insurane Maniac says

    September 18, 2009 at 7:23 am

    I haven't heard this gift annuity before thanks for the info, Is this new or it's already existing for years? I'll tell to my mother and father then, a great opportunity for them. Thanks for the post.

    Reply
  78. Choa says

    September 19, 2009 at 11:10 pm

    Thanks for the explanation. I love the gift anuity idea. Subscribing your blog.

    Reply
  79. tips forex says

    September 20, 2009 at 9:56 am

    Certainly an interesting article. The idea of gift annuity is really a good idea i believe.
    Thank 4 share

    Reply
  80. Herman RH says

    September 20, 2009 at 11:39 pm

    I often envy with some facilities in europe and u.s.. Like this one tax break for senior. I'm from indonesia. My father has retired since 2001. And tax break that he get is only tax for land & building. Even to get it he must proactive to administer the tax break

    Reply
  81. Walking Socks says

    September 26, 2009 at 4:17 am

    So what is everyones opinion about the current state of pensions due to the economic situation? My pension has dropped significantly probably robbing me of 1000s of dollars. Assuming the rates do not recover sufficiently in the next year I feel I could be working until I'm 80 at this rate so I'll be needing some good walking socks to keep my old feet warm.

    Reply
  82. Business Dimension says

    September 27, 2009 at 1:59 am

    "Now with more awareness there are more retirees taking advantage of conversion of their funds prior to death and avoiding some of the tax that previously would have applied.",

    well, this comment seems to appropriate with the topic.

    Reply
  83. concrete garages says

    September 28, 2009 at 8:29 am

    I think the answer is simple: For folks who have accumulated more in qualified retirement plans than they need for income. And those who are forced into taking RMDs at a heavy loss from 401(k)s in the market.

    Reply
  84. Discount Gift Cards says

    September 28, 2009 at 12:44 pm

    Does this work for self employed people? Too bad there's not much benefit for self employed people. The biggest benefit for self employed people I guess is the tax break you get over employees.

    Reply
  85. cherryblossom says

    September 30, 2009 at 11:10 am

    I didn’t know about a gift annuity until I just read your article. I can’t help but wonder how many other people out there know about it. In our present economic times, this information is a mighty powerful thing to know about. thanks for your information friend.

    Reply
  86. connecticut reverse mortgage says

    September 30, 2009 at 1:50 pm

    Really felt good to read the opportunity being offered to the senior citizens at their retirement. This is really a very noble cause to help them when they are not as capable to earn. And giving them such a gift at this age is surely a very good idea.

    Reply
  87. Dews says

    September 30, 2009 at 11:32 am

    Such a great info! This would certainly help promote giving to charities, but also charities would benefit by being 100% transparent where their money goes. Even better, you could donate your money to a specific person/cause within the charity (some charities do this, it would be good if a lot more charities did this). People are (sometimes quite rightly) cynical about how charities spend their money.

    Reply
  88. Fisika SMA says

    October 1, 2009 at 6:25 am

    Good article, I would have to agree. However a lot of people simply dont have the money anymore to diversify. Those that did got hit pretty bad when the economy took a turn for the worst. My grandparents for instance lost almost half of their retirement due to that crash. fisika gerak lurus

    Reply
  89. offshore seo says

    October 1, 2009 at 1:57 am

    I can't belive how much the payout actually reduces per age. But whats interesting is I did not even know that such a things as a charitable gift annuity even existed. But it sounds like the perfect way to make a decent investment and still be helping people at the same time.

    Reply
  90. Europe Trips says

    October 2, 2009 at 7:41 am

    Very interesting article. I have no choice but to agree to this one. Senior citizens that have worked their whole lives and paid taxes, they deserve this to enjoy what they've done

    Reply
  91. free stencils art says

    October 4, 2009 at 8:13 am

    what a interesting topic. i first knew about gift annuity @ @'

    Reply
  92. Investments says

    October 4, 2009 at 9:18 am

    Retirement tax breaks like these are absolutely amazing. I always advise my clients to proceed with a charitable gift annuity. It is a great way to invest that most people dont know much about.

    Reply
  93. info flashdisk says

    October 5, 2009 at 9:37 am

    Great post! there are many ways to reduce burden of taxes. I wasn’t aware of this type of retirement investment. Great way to plan ahead, esp. in this market.
    thank for share

    Reply
  94. Walk In Bathtubs says

    October 11, 2009 at 7:38 am

    This was a very informative blog post. I have many elderly and retired people in my family and I encourage them all the time to plan ahead and at least be informed about these type of investments and tax breaks. It could be extremely helpful when put into a bad situation such as a declining economy. Thank you.

    Reply
  95. GN says

    October 11, 2009 at 3:42 pm

    I didn’t know about a gift annuity until I read your article. Very interesting, thanks for this post.

    Reply
  96. Rinaldo Hasibuan says

    October 13, 2009 at 1:13 am

    Nice articles
    great ideas, If anyone wants to give to charity i think this is the best way to to it.

    Reply
  97. bpp says

    October 13, 2009 at 7:10 am

    wow. great, The idea of gift annuity is really a good idea i believe.

    Reply
  98. mobil bekas says

    October 15, 2009 at 1:08 am

    For me charitable gift annuity is a pretty good idea. Doing a donate and get a gift. I'm sure many people agree with me! Good share.

    Reply
  99. malcum says

    October 16, 2009 at 2:47 am

    totally agree in concept.. The idea of gift annuity is brilliant.. but need to explore the details of implementation forward.. regarding the complicated rules.. overall, it's interesting.. tks

    Reply
  100. gladyo says

    October 16, 2009 at 4:36 pm

    I often envy with some facilities in europe and u.s.. Like this one tax break for senior. I’m from indonesia. My father has retired since 2001. And tax break that he get is only tax for land & building. Even to get it he must proactive to administer the tax break

    Reply
  101. andybecketh says

    October 20, 2009 at 12:00 am

    Retirement benefits are vital for the retiree for they are not able to work for their self. Thanks for this informative post internet t1 helps for the faster dissemination of this information.

    Reply
  102. hendri says

    October 22, 2009 at 11:42 pm

    Great tips and I know about this
    "A gift annuity’s yield varies according to your age and the date you make your gift"

    Thanks

    Reply
  103. transfer smart says

    October 22, 2009 at 6:53 pm

    What a great opportunity to share more of your wealth with a favorite cause while retaining financial confidence in this global recession. Good we found pout this, lot of our employee in transfer smart are approaching retirement stage, thanks for all your concern.

    Reply
  104. John from Branson says

    October 26, 2009 at 5:44 am

    Sounds like a good plan. My parents have just gone into retirement. It is not what it used to be. Much harder to make ends meet these days for everyone.

    Reply
  105. Bowling Tips says

    October 28, 2009 at 1:26 am

    Like other aspects of financial planning, managing the income you will receive during your retirement years requires careful planning. It is critical that you do not wait until you retire to start making your financial plans.

    Reply
  106. Ulung says

    October 30, 2009 at 2:43 am

    I believe if this senior tax break also applied in other country such as Indonesia with transparant regulations, that life won't be so difficult for senior.

    Reply
  107. Cherryblossomvillage says

    October 31, 2009 at 3:51 am

    I think Tax law requires people to begin taking money out of their IRAs, usually based on their previous year-end balances and life expectancy. But the recent market turmoil meant many savers faced oversized withdrawals on now-shriveled nest eggs.

    Reply
  108. garden wedding says

    October 31, 2009 at 11:37 pm

    You have no clue regarding senior citizens who have worked all their life with the hopes of retiring with a reasonable income supplemented with some Social Security to which they have contributed all their working lives. I suppose Ms. Vestal prefer that we take from those who earned it by paying into it with every paycheck, and give to illegals and those who get government checks for welfare, but have not earned that right. It is simply disgusting how easily we have thrown away our feelings for American Seniors, of which we all will someday be, and transferred those feelings to illegals who sneak into our country and are awarded free medical care, free education and given the golden key to OUR country.

    Reply
  109. presentation skills says

    October 31, 2009 at 11:40 pm

    I think that the 4% rule along with a balanced asset allocation plan still works MOST of the time for retirement assets. This sideways pyramid thing does not make any sense at all to me. Maybe im not reading it correctly, but if you tap only income funds in the early years of retirement and thus end up with an equity -only protfolio in the later years as this strategy suggests, that makes the portfolio MORE risky, not less. I'm sticking with my asset allocation plan 60% equity/40% bonds cna short term cash, adjusting it periodically as needed. Im not market timing, I just maintain that allocation, give or take a few % points either way, and i try not to worry about it either. this personal finance stuff interests me, but so do so many other things that are WAY more fun, so im also mindful of my personal time "asset allocation" as well 😉

    Reply
  110. concorde says

    November 4, 2009 at 2:15 am

    This is a great article. The idea of gift annuity is really a good idea i believe.
    Thank a lot

    Reply
  111. thepadi says

    November 6, 2009 at 6:06 am

    If only we know which charities with good track record, so senior will not make contribution in vain.

    Reply
  112. free cna training says

    November 6, 2009 at 2:30 pm

    This is just wrong. People that have worked their whole lives, paid and paid taxes they deserve this in their golden years. People that have not worked till retirement ages should not get it. Only those that have not claimed welfare, disability and so on deserve this claim on their taxes. hell, why not just tax the hell out of their SS checks too while you’re at it. Maybe its time for government to slash their budgets, instead of trying to tax everyone to death.

    Reply
  113. arfandia says

    November 9, 2009 at 4:59 am

    I like this idea also, I wonder what senior tax break will do in the world of finance.

    very nice articles

    Reply
  114. Esther Annies says

    November 10, 2009 at 7:30 am

    this is really a good article. Gift annuity is really a good idea it seems.

    Reply
  115. Property n Investment says

    November 15, 2009 at 1:14 am

    I suppose Ms. Vestal prefer that we take from those who earned it by paying into it with every paycheck, and give to illegals and those who get government checks for welfare, but have not earned that right.

    Reply
  116. Property n Investment says

    November 15, 2009 at 1:14 am

    I suppose Ms. Vestal prefer that we take from those who earned it by paying into it with every paycheck, and give to illegals and those who get government checks for welfare, but have not earned that right.

    Reply
  117. windows 7 tutorial says

    November 15, 2009 at 11:46 pm

    If anyone wants to give to charity i think this is the best way to to it.
    Good post

    Reply
  118. babe says

    November 17, 2009 at 6:42 am

    People that have worked their whole lives, paid and paid taxes they deserve this in their golden years. People that have not worked till retirement ages should not get it. Only those that have not claimed welfare, disability and so on deserve this claim on their taxes.

    Reply
  119. van_arista says

    November 17, 2009 at 7:33 pm

    Great, I like your post. this good idea.
    ...You could donate appreciated securities or land...

    Reply
  120. eazyshare says

    November 23, 2009 at 3:35 am

    hey nice on post I like this idea For me charitable gift annuity is a pretty good idea. Doing a donate and get a gift

    Reply
  121. Kuhinje says

    November 25, 2009 at 12:42 pm

    This article introduced an interesting principle of giving to charity and hereby claiming on taxes. However, my family donated quite a lot to charity even without any other benefits. We how have can give those who don't have enough. To whom we give is our personal decision. Last but not least US laws and regulations differ quite a lot that's why would be interesting if someone from EU region could share his/shes experience with senior tax break.

    Reply
  122. ILHAM says

    November 30, 2009 at 5:08 pm

    I think, invest and get a lifetime income is good. but that is to old age for some body, but it's ok thanks for your knowledge that you give to me ..

    Reply
  123. Mer - Hair Products says

    December 10, 2009 at 3:56 pm

    Charitable gift annuities certainly are a good way to increase income as a retiree. The tax benefit is a bonus.

    Reply
  124. Printers Liverpool says

    December 10, 2009 at 10:41 pm

    Like other aspects of financial planning, managing the income you will receive during your retirement years requires careful planning.

    Reply
  125. dudijaya says

    December 17, 2009 at 11:13 am

    good idea about retirement.

    Reply
  126. Substance Abuse says

    December 17, 2009 at 6:08 am

    its a really very good topic for people who are about to retire or will be. future financial planning is a need of life if you wish to live with tension free after your retirement.

    Reply
  127. ryo.v says

    December 18, 2009 at 1:44 am

    retire young retire rich, I have read that books

    Reply
  128. Substance Abuse says

    December 18, 2009 at 1:22 am

    very nice information on retirement. i will refer this post to all my coleagues to read it.

    Reply
  129. Substance Abuse says

    December 18, 2009 at 6:05 am

    to live happy after retirement everybody should plan for financial planning. the article is really well described and must read by the people who are a bit confused wht to do and how to plan for retirement income.

    Reply
  130. Bryn Thomas says

    December 18, 2009 at 6:35 am

    I guess the EPF funding you get when your over 55 would be sufficient if you already have a job at that time. However in certain countries they do not really take time value for money and its rather unfair as many people would lose out on so much! there should be more developments extended when it comes to retirement income..

    Reply
  131. murat says

    December 22, 2009 at 11:57 am

    Great, I like your post. this good idea.
    …You could donate appreciated securities or land…

    Reply
  132. victor says

    December 22, 2009 at 5:52 pm

    This is the first time I’m getting to know about “charitable gift annuity.” I’ve read the post and it was very informative. Specially the table made me understand everything. Thanks for sharing the information.

    Reply
  133. Running Shoes 4 U says

    December 25, 2009 at 2:53 am

    Love the post. Senior Tax break needs to available in all countries in my honest opinion.

    Reply
  134. Paul Smith Clothing says

    December 28, 2009 at 12:18 am

    Retirement tax breaks like these are absolutely amazing. I always advise my clients to proceed with a charitable gift annuity.

    Reply
  135. Lyle and Scott says

    December 28, 2009 at 11:05 pm

    For folks who have accumulated more in qualified retirement plans than they need for income. I think that's how it should go.

    Reply
  136. Alcohol Abuse says

    December 30, 2009 at 5:47 am

    planning for retirement days is really a good thinking and everyone should think about it. i must say consult with a retirement planner who can well guide you on it.

    Reply
  137. gadgets news says

    December 31, 2009 at 10:48 am

    Increasing your retirement income is a top priority for people planning to retire and current retirees. Like other aspects of financial planning, managing the income you will receive during your retirement years requires careful planning

    Reply
  138. sports supplements says

    January 1, 2010 at 3:13 am

    The EPF funding you get when your over 55 would be sufficient if you already have a job at that time. However in certain countries they do not really take time value for money and its rather unfair as many people would lose out on so much! there should be more developments extended when it comes to retirement income..

    Reply
  139. gadgets News says

    January 7, 2010 at 10:49 am

    There are many ways to reduce burden of taxes. I wasn’t aware of this type of retirement investment. Great way to plan ahead, esp. in this market. It is in your best interest to find these alternative channels before you die. Isn’t the death tax at around 40-45% these days? Thank You

    Reply
  140. domainpr says

    January 10, 2010 at 10:35 pm

    nice idea mate
    i like idea of gift annuity ,maybe next couple year i will implied in my life

    thanks

    Reply
  141. creativemindbehind says

    January 11, 2010 at 4:32 am

    nice post this make many ways to reduce burden of taxes and to start making your financial plans.

    Reply
  142. miracle says

    January 11, 2010 at 8:33 am

    Great article. The idea of gift annuity is brilliant. My parents would be very interested in this. Thank you for sharing this information with us.

    Reply
  143. bamz says

    January 11, 2010 at 8:49 am

    Certainly an interesting article. The idea of gift annuity is really a good idea i believe.
    Thank for sharing

    Reply
  144. Anthologia says

    January 12, 2010 at 12:55 pm

    wow..
    this is really a good article.
    The idea of gift annuity is really a good idea i believe.

    Reply
  145. Sale Settlement Structured says

    January 13, 2010 at 11:21 pm

    Thank you for sharing information about Retirement Income for Life with a Senior Tax Break. This info is very helpful for me.

    Reply
  146. mobile techno says

    January 16, 2010 at 12:44 am

    never thought about retirement yet...it's time to smart and hard work for me, a young entreprenuer

    Reply
  147. BUY YOUTUBE VIEWS says

    January 19, 2010 at 1:15 am

    There are certainly a lot of details like that to take into consideration. That’s a great point to bring up. I offer the thoughts above as general inspiration but clearly there are questions like the one you bring up where the most important thing will be working in honest good faith. Retirement income should be invested and consumed with a lot of care and in risk free areas.

    Reply
  148. syukrin says

    January 23, 2010 at 4:55 am

    hi...This article introduced an interesting principle of giving to charity and hereby claiming on taxes. Gift annuity is really a good idea it seems. i like

    Reply
  149. Light Microscopes says

    January 24, 2010 at 1:44 am

    I think the answer is simple: For folks who have accumulated more in qualified retirement plans than they need for income.

    Reply
  150. Bobcats for Sale says

    February 2, 2010 at 11:16 pm

    Like other aspects of financial planning, managing the income you will receive during your retirement years requires careful planning. The article, sure is helpful. Thanks.

    Reply
  151. [email protected] Web Design says

    February 5, 2010 at 12:30 pm

    I think the smartest charitable donation has to be land. Some retirees are not comfortable with giving money because it is a tangible asset they can place worth on. ie. " I have $300,000 to live on for my retirement, that is enough"

    Where as land can appreciate in value and that will be taken into consideration when the gift is given.. Gift annuities are definitely becoming more popular these days. I remember when my grandfather died in the 1980's, these kinds of retirement options were not discussed.

    Reply
  152. ASP.NET Development services says

    February 11, 2010 at 4:06 am

    In my honest opinion, only a public employee would argue that this is good policy while at the same time forcing everyone else to pay their fair share and then some. No one else but public employees enjoy this tax scam.

    Reply
  153. buku belajar komputer says

    February 15, 2010 at 1:51 am

    People that have not worked till retirement ages should not get it.

    Reply
  154. Caliper Engineering says

    February 14, 2010 at 11:14 pm

    For folks who have accumulated more in qualified retirement plans than they need for income. And those who are forced into taking RMDs at a heavy loss from 401(k)s in the market.

    Reply
  155. Hayabusa Clothing says

    February 18, 2010 at 10:57 pm

    Very interesting investing method for retired people. In the end of the day your money will be safe at least. Thanks a lot for sharing this article.

    Reply
  156. Laser Hair Removal Liverpool says

    February 26, 2010 at 6:40 am

    Rather than deposit finds with a commercial insurance company, you deposit the funds with a charity and the charity provides a lifetime income. The amount may be less than the commercial annuity so check and compare.

    Reply
  157. cheap mortgage online says

    March 2, 2010 at 2:38 am

    there are people who regularly donate to charities because they have the income to live off and have enough left over a month/year to donate to charities. People who do give regularly top charities should get the charitable gift annuity as they would give a lot of their income to charitable organisation. If someone who was coming to the end of their lift gave a huge charitable donation I think should also get the charitable gift annuity as they are still giving quite a substantial; amount of money to charity and will get benefits when he/she dies and it’s their children that will get a tax break.

    Reply
  158. Turkish says

    March 5, 2010 at 5:21 am

    It is definetely a must to start thinking about retirment. Too many people are leaving it in the hope the government will sort it out for them. Unfortunely all givernments in the world are facing a population boom.

    Reply
  159. Storage Tanks says

    March 5, 2010 at 10:42 pm

    have many elderly and retired people in my family and I encourage them all the time to plan ahead and at least be informed about these type of investments and tax breaks. It could be extremely helpful when put into a bad situation such as a declining economy.

    Reply
  160. Workwear says

    March 8, 2010 at 9:44 am

    I like the idea, Gift annuity is a good way forward.

    Reply
  161. Peter Moss says

    March 10, 2010 at 7:24 pm

    I think this method is only good for super rich retiries. Most people would just leave their assets to their children and grandchildren. I never understood why would someone want to buy annuity. Just buy a stock index or bond index and live from what you have. Annuities give you that extra assurance but you pay for that.

    Annuity rates are carefully calculated to make money for the provider.

    Peter

    Reply
  162. Tents says

    March 12, 2010 at 9:49 pm

    Like other aspects of financial planning, managing the income you will receive during your retirement years requires careful planning.

    Reply
  163. nuriska says

    March 13, 2010 at 9:47 am

    Very interesting method especially for the retired person to save some tax.

    Reply
  164. Tjene Penger says

    March 13, 2010 at 5:47 am

    Property taxes are another thing that I feel should be capped at retirement - you should be able to thoroughly enjoy the latter stages in life. Extra money to travel and do the stuff you couldn't do while working - the government should reward ex. pensioners!

    Reply
  165. Tjene Penger says

    March 17, 2010 at 1:50 pm

    Property taxes should be removed at retirement aged, along with cheaper medical supplies. It's an outrage that seniors have to use large portions of their hard earned pensions for medicin probably brought uppon them by hard labour over several years!

    Reply
  166. hot wallpaper says

    March 25, 2010 at 1:28 am

    Very interesting investing method for retired people. In the end of the day your money will be safe at least. Thanks a lot for sharing this article.

    Reply
  167. desktop pc tips says

    March 28, 2010 at 4:14 am

    nice topic raised. so we must prepare our senior years later. thanks for the information.

    Reply
  168. baby showers says

    March 29, 2010 at 6:53 pm

    Great idea. now I can really start planning on my retirement. Thanks a lot for the information. Cheers

    Reply
  169. hot wallpaper says

    March 31, 2010 at 1:43 am

    Very interesting article. I have no choice but to agree to this one. Senior citizens that have worked their whole lives and paid taxes, they deserve this to enjoy what they’ve done

    Reply
  170. Cool Magazine says

    April 2, 2010 at 12:13 am

    Charities and donations are to performed irrespective of tax saving. It is more humanitarian than a few amount of savings. However the details mentioned here are certainly motivating for those who intend to spend something on charity.

    Reply
  171. hot wallpaper says

    April 29, 2010 at 2:37 am

    Tax law requires people to begin taking money out of their IRAs, usually based on their previous year-end balances and life expectancy. But the recent market turmoil meant many savers faced oversized withdrawals on now-shriveled nest eggs.

    Reply
  172. Games downloads says

    May 7, 2010 at 1:12 am

    have no choice but to agree to this one. Senior citizens that have worked their whole lives and paid taxes, they deserve this to enjoy what they’ve done

    Reply
  173. karzanik says

    May 20, 2010 at 4:08 am

    I receive a retirement annuity from my service in the federal government and would like possibly to move to a state which does not tax the annuity income.

    Reply
  174. Free Money Income says

    May 24, 2010 at 11:22 pm

    Definitely a great useful post. The concept of gift annuity is actually a great idea i think. The perfect option for elders. Truly appreciate your post. Best wishes

    Reply
  175. Baby Shower says

    May 30, 2010 at 3:00 pm

    I hadn't heard of this before but i'm really glad I found your post! I'm a way off retirement yet and who knows what governments will change in the future but it sounds like a great way to give to charity and yet not be completely out of pocket.

    Reply
  176. Cindy says

    June 1, 2010 at 11:04 pm

    I am totally agree with you. there are a lot of methods to reduce burden of taxes. I wasn’t aware of this type of retirement investment. Great way to plan ahead, especially in this market.

    Reply
  177. Workwear says

    June 2, 2010 at 8:15 am

    Rather than deposit finds with a commercial insurance company, you deposit the funds with a charity and the charity provides a lifetime income. The amount may be less than the commercial annuity so check and compare.

    Reply
  178. Scott Zeeman says

    June 12, 2010 at 10:39 am

    One good way to increase your retirement income is liquidate any real estate notes you may be carrying and invest in tax lien certificates. Many states have high interest guaranteed payouts that many are taking advantage of.

    Sell Your Real Estate Note

    Reply
  179. Scott Zeeman says

    June 13, 2010 at 4:22 pm

    Planning for retirement is soooo hard.
    Thank you for taking the edge off of it!

    Don't Wait- Sell Your Real Estate Note!

    Reply
  180. autos says

    June 24, 2010 at 11:35 am

    The information you posted about Senior Tax Break is so useful, I am expecting for your next post.

    Reply
  181. Kitchens Manchester says

    June 30, 2010 at 8:54 am

    Rather than deposit finds with a commercial insurance company, you deposit the funds with a charity and the charity provides a lifetime income. The amount may be less than the commercial annuity so check and compare.

    Reply
  182. Denver Website Designs says

    July 2, 2010 at 11:14 am

    To be honest, I never understand what will people do with a lot of money after they die?? Seriously..I have seen people who grow richer and richer every year yet they save miserly....I don't know the reason for this....and I think I will never get it...

    Reply
  183. [email protected] Moveis says

    July 2, 2010 at 1:01 pm

    Topic Incredible certainly facilitate my life, and planning my retirement, Thanks for sharing

    Reply
  184. [email protected] says

    July 7, 2010 at 9:26 pm

    So this is good for senior citizens just like my grandma.

    Reply
  185. Pelin Guzel says

    July 11, 2010 at 9:19 pm

    Great information, thanks for sharing with us. I am sure more people will benefit this article for their retirement plans.

    Reply
  186. Sydney Accounting says

    July 13, 2010 at 8:13 pm

    Its great article there are so many things to know. In my openion I will work hard when I'm young and try to make my self useful for the community and it will pay off. when I'm old there should be plenty of many for me. Also it is a good way to ern cash but you must know that helping other who are less fortunit is a gift of life. there are so many people who cannot save and make money when they are young due many reason including family issues, helth issues and more... they will be happy to read this article. god posting keep on writing.

    Reply
  187. cheap car insurance for women says

    July 13, 2010 at 8:52 pm

    The sooner one starts thinking about retirement, the better for them it will be. I've learned to see that years pass quickly, and you need to prepare well in advance.

    Reply
  188. home loan comparison says

    July 18, 2010 at 8:32 pm

    So this is good for senior citizens just like my grandma.

    Reply
  189. Annuity Rates says

    July 19, 2010 at 7:53 am

    Great article! It makes a lot of sense. With the economy as it is at the moment, many charitable retirees may be feeling the squeeze on fiannces - this is a great way to overcome that.

    Reply
  190. Rizal says

    July 20, 2010 at 7:34 am

    Surely we will not pay retirees as much as we worked. We must have a lot of savings for old age will we be apart from that we also have to pay tax.

    Reply
  191. white kitchen cabinets says

    July 20, 2010 at 8:22 am

    Very interesting investing method for retired people. In the end of the day your money will be safe al least.

    Reply
  192. Sharon Lee says

    July 21, 2010 at 2:28 am

    It is very important to plan retirement income in today's world, where you cannot really say how much is enough for you to live a peaceful retirement life. I think one should plan for his retirement after he gets a job. Every day is important.

    Reply
  193. ontrack data recovery says

    July 21, 2010 at 1:05 pm

    donation does not need to be cash—you could donate appreciated securities or land that currently pays you nothing and also save on capital gains tax.

    Reply
  194. Celebrity Gossip says

    July 21, 2010 at 11:42 pm

    Great article! It makes a lot of sense. God posting keep on writing. Its great article there are so many things to know. I think this method is only good for super rich retires. Very interesting investing method for retired people.

    Reply
  195. jakson says

    July 21, 2010 at 11:47 pm

    Surely we will not pay retirees as much as we worked.

    Reply
  196. jakson says

    July 21, 2010 at 11:49 pm

    think one should plan for his retirement after he gets a job. Every day is important.

    Reply
  197. latisse says

    July 23, 2010 at 6:22 pm

    Planing for retirement is something that many are faced and in my opinion it is very important to cut down as much as possible on expenses associated with housing. Having a pay off house or apartment will greatly reduce the stress associated with retirement.

    Reply
  198. Freeware Download says

    July 24, 2010 at 10:03 am

    An intelligent thinking, about income in retirement period. I got to thinking again about this.

    Reply
  199. parenting says

    July 25, 2010 at 6:10 am

    I receive a retirement annuity from my service in the federal government

    Reply
  200. Scott Zeeman says

    July 26, 2010 at 1:57 pm

    If you fail to plan...Plan to fail. Most people don't make any retirement plans and end up part of the 95% of the country retirees that don't have more than $1000 cash!

    Make money with Clickbank Make Money

    Reply
  201. SEO Sydney says

    July 27, 2010 at 2:46 am

    This part of our life as a human is very sad. We need to think of retirement. As if there isn't much to think about. now we need to secure our life.... but great article was good to read it.

    Reply
  202. IT says

    July 30, 2010 at 5:18 am

    My best friend was always talking about a smart retirement investing. After his morality I was pondering about retirement more seriously then before. I signed up for your newsletter and now I get a very informative articles. Thanks so much!

    Reply
  203. Annuity Rates says

    July 30, 2010 at 11:07 am

    Retirement should be the life you deserve, a holiday after a lifetimes work

    Reply
  204. Hugo says

    July 31, 2010 at 11:48 am

    This was a very informative blog post. I have many elderly and retired people in my family and I encourage them all the time to plan ahead and at least be informed about these type of investments and tax breaks. It could be extremely helpful when put into a bad situation such as a declining economy. Thank you.

    Reply
  205. Kevin Stelfox says

    July 31, 2010 at 11:27 pm

    Planning for retirement means starting early, many parents or grandparents can start a pension for their children and give them help from an early age.

    Reply
  206. health vision care says

    August 1, 2010 at 11:00 am

    How to face federal law issues in any bad case of retirement bonus? How much I can get benefits from government about this issue? Thanks for this post.

    Reply
  207. Webdesign Breda says

    August 2, 2010 at 3:40 am

    Love the information on this page. I seriously had no idea that such a thing as charity tax deduction existed. I've donated to several projects in the past and although there was no intention at my side to see some of that money back, it's still a very interesting idea. I run a small business and times can be tough. I could use every penny!

    Reply
  208. ScottZeeman says

    August 3, 2010 at 9:00 pm

    I never want to retire. That would be the beginning of the end.

    Reply
  209. GudangBlog says

    August 6, 2010 at 3:24 pm

    WOW Great.. Very interesting investing method for retired people. In the end of the day your money will be safe al least.

    Reply
  210. Hayabusa says

    August 6, 2010 at 10:28 am

    The money you receive from a senior settlement could be that financial cushion you need to feel secure about retiring in these very uncertain times. Retirement should be a time to relax and enjoy the remaining years you have in life, not a time when you are stressed out about paying bills and surviving on less than you need to be comfortable. If you have a life insurance policy, then give some serious thought to senior settlements because they just may be the solution you have been looking for in order to give you that added cushion that will make your remaining days far more enjoyable.

    Reply
  211. storage birmingham says

    August 11, 2010 at 7:54 am

    I've never heard of a charitable gift annuity but it does sound like a very interesting way of investing for retirement. I didn't know that charities offered this but it seems that they are keen to give back. I wonder, if more people knew about this, if more people would support charities throughout their lifetime.

    Reply
  212. Mobility Products says

    August 13, 2010 at 7:59 am

    If you are going to go in and out of funds, you are more likely to lose based on the fees and poor timing. Case in point, the magellan fund in the 80s. Holds the record for best growth over a 10 year period, averaged 33.33% growth a year, and 80 percent of the people investing in that fund LOST money because they were trying to time it. Good luck with that!

    Reply
  213. Healthy Living Solutions says

    August 16, 2010 at 11:23 am

    The money you receive from a senior settlement could be that financial cushion you need to feel secure about retiring in these very uncertain times. Retirement should be a time to relax and enjoy the remaining

    CNG-NGV News
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    Reply
  214. Brian Atwood says

    August 25, 2010 at 9:48 pm

    Retirement should be a time to relax and enjoy the remaining years you have in life, not a time when you are stressed out about paying bills and surviving on less than you need to be comfortable. Of course the cost of the health insurance, which they don’t pay for, also went up.

    Reply
  215. [email protected] wedding photography says

    August 31, 2010 at 4:39 pm

    Your senior years offer plenty of opportunities to maximize your income by taking advantage of tax deductions. Don’t forget to consider deductions for things like investment losses, energy efficient improvements to your home, or buying hybrid cards.

    Reply
  216. Annuity says

    September 4, 2010 at 3:06 am

    Annuity rates are at their lowest for decades so it is so important to make sure you shop around to get the best rates. Here are some sites I recommend.

    Reply
  217. Maternity Clothes says

    September 5, 2010 at 1:40 am

    I really wish I had researched and planned for my retirement much better when I was younger. How many people like me only begin to give it much more priority in their 40s!

    Reply
  218. InterAct says

    September 7, 2010 at 7:23 am

    I think no matter where you are around the world we are all living longer..50 is the new 40 now..so they say. It is governments responsibility to care for us, however charities are under more presure ..as people live longer there are less available legacies left by people who have no family..In addition because we are living longer less money is avaialable as others have pointed out in pension or tax schemes otherwise companies will be out of pocket.

    Reply
  219. Laguna Beach Homes says

    September 13, 2010 at 12:05 pm

    They are even raising the social security age!

    Reply
  220. diyet says

    September 20, 2010 at 1:17 pm

    hi, Surely we will not pay retirees as much as we worked.

    Reply
  221. oyun says

    September 20, 2010 at 1:44 pm

    Very interesting. I find it very important to donate to charity even without the tax benefits.

    Reply
  222. webmaster seo yarışması says

    September 21, 2010 at 12:01 am

    I think, invest and get a lifetime income is good. but that is to old age for some body, but it’s ok thanks for your knowledge that you give to me. Very nice information on retirement. i will refer this post to all my coleagues to read it.

    Reply
  223. replay tube says

    September 21, 2010 at 2:34 am

    Nice article. Don’t forget to consider deductions for things like investment losses..

    Reply
  224. Arshad Cini says

    September 20, 2010 at 9:08 pm

    Retirement should be the life you deserve, a holiday after a lifetimes work

    Reply
  225. rental insurance quotes says

    September 21, 2010 at 8:49 am

    i am about to retire next year and so thank you for the info about charitable gift annuitys.

    Reply
  226. bilevar says

    September 22, 2010 at 1:55 am

    Very interesting investing method for retired people.

    Reply
  227. ucuz tatil says

    September 22, 2010 at 11:51 am

    I really wish I had researched and planned for my retirement much better when I was younger. How many people like me only begin to give it much more priority in their 40s!

    Reply
  228. SpaceJock.m6.net says

    September 25, 2010 at 5:42 am

    Investments plan foe the retries people are very encouraged. This makes them relaxed with the money they have in their hand until the end.

    Reply
  229. araba says

    October 18, 2010 at 11:40 pm

    Nice article. Don’t forget to consider deductions for things like investment losses..

    Reply
  230. rüya tabirleri says

    October 18, 2010 at 11:42 pm

    Your senior years offer plenty of opportunities to maximize your income by taking advantage of tax deductions. Don’t forget to consider deductions for things like investment losses, energy efficient improvements to your home, or buying hybrid cards.

    Reply
  231. emlak says

    October 18, 2010 at 11:43 pm

    Annuity rates are at their lowest for decades so it is so important to make sure you shop around to get the best rates. Here are some sites I recommend.

    Reply
  232. tatil says

    October 18, 2010 at 11:44 pm

    Retirement should be the life you deserve, a holiday after a lifetimes work

    Reply
  233. tatlı tarifleri says

    October 18, 2010 at 11:45 pm

    They are even raising the social security age!

    Reply
  234. dantel modelleri says

    October 18, 2010 at 11:47 pm

    WOW Great.. Very interesting investing method for retired people. In the end of the day your money will be safe al least.

    Reply
  235. yemek tarifleri says

    October 18, 2010 at 11:48 pm

    Planning for retirement means starting early, many parents or grandparents can start a pension for their children and give them help from an early age.

    Reply
  236. r says

    October 19, 2010 at 4:48 am

    wow. so great, The idea of gift annuity is really really a good idea i believe.
    but, i still confused..

    Reply
  237. Find a payday loan company says

    October 27, 2010 at 10:34 pm

    The quotation , income for life , seems to be very much commendable because i think that its true , income is earned for life only and not for personal issues.

    Reply
  238. [email protected] Sale Majorca says

    November 5, 2010 at 12:56 pm

    This would certainly help promote giving to charities, but also charities would benefit by being 100% transparent where their money goes. Even better, you could donate your money to a specific person/cause within the charity (some charities do this, it would be good if a lot more charities did this). People are (sometimes quite rightly) cynical about how charities spend their money.

    Reply
  239. Healthyz says

    November 5, 2010 at 10:53 am

    The information you posted about Senior Tax Break is so useful, I am expecting for your next post.

    I just made a health website to help people make healthy choices. check it out healthyzeal.com

    Reply
  240. PADI IDC says

    November 7, 2010 at 10:20 am

    Well you will allways need money for something else no matter what , so you dont have to retire unless you really have too , this is the world we live too we can't change it.

    Reply
  241. predictive dialers says

    November 15, 2010 at 8:50 am

    Nice plan. It will be really helpful for the eligible one's. And I got a new idea about retirement benefits.

    Reply
  242. seo says

    November 26, 2010 at 8:17 pm

    So many ways to reduce burden of taxes. I've never seen this type of retirement investment. Good to know when I talk to my investment planner in a few weeks.

    Reply
  243. North Face Shoes says

    December 12, 2010 at 9:09 pm

    Very helpful article as my father and mother have the same concern on Retirement Income

    Reply
  244. Getting rich says

    December 20, 2010 at 2:12 pm

    My father just retired.. I will refer him to this post.

    Reply
  245. Michael says

    December 23, 2010 at 12:01 pm

    Thank you for this insightful article and great comments about this lesser known topic! Even those who hold an annuity insurance license are not always familiar with these annuities. Annuities can be quite versatile and offer individuals a nice source of income. With a gift annuity, individuals have a chance to help others while helping themselves. Below I have included the ACGA Suggested Gift Annuity Rates as of July 1, 2010:

    Age Payout Rate
    65 5.5
    70 5.8
    75 6.4
    80 7.2
    85 8.1
    90 & over 9.5

    Reply
  246. Sarah says

    January 2, 2011 at 1:28 am

    "If you have charitable intentions but want to retain income from your donationGOAT Gaming, most any charity will show you how to set up a charitable gift annuity. Your donation does not need to be cash—you could donate appreciated securities or land that currently pays you nothing and also save on capital gains tax."

    Thanks, that was actually quite helpful

    Reply
  247. schuerzen-shop says

    January 3, 2011 at 3:52 pm

    Wow, that´s a really good idea about retirement!!!

    Reply
  248. LuDo says

    January 3, 2011 at 6:51 pm

    Like other aspects of financial planning, managing the income you will receive during your retirement years requires careful planning. The article, sure is helpful. Thanks.

    Reply
  249. squirrel says

    January 3, 2011 at 6:32 pm

    I think the smartest charitable donation has to be land. Some retirees are not comfortable with giving money because it is a tangible asset they can place worth on. ie. ” I squirrel removal have $300,000 to live on for my retirement, that is enough”

    Where as land can appreciate in value and that will be taken into consideration when the gift is given.. Gift annuities are definitely becoming more popular these days. I remember when my grandfather died in the 1980’s, these kinds of retirement options were not discussed.

    Reply
  250. Birmingham Alabama investment properties says

    February 9, 2011 at 6:10 pm

    I like the charitable gift annuity.You invest and you can get a lifetime income.Its great idea.

    Reply
  251. Hotels In Spain says

    March 1, 2011 at 2:25 am

    Your post is very helpful for people who are going to be retired very soon. They would come to get the information regarding retirement income.

    Reply
  252. sorin012 says

    April 8, 2011 at 4:46 pm

    I think that charitable gift is a great job because we need to help eachother no matter if someone of us is good or bad;)

    Reply
  253. newsweek obama says

    June 10, 2011 at 1:16 pm

    like the charitable gift annuity.You invest and you can get a lifetime income.Its great idea.I think that charitable gift is a great job because we need to help eachother no matter if someone of us is good or bad;)

    Reply
  254. albert @esl activities says

    October 20, 2011 at 8:55 pm

    Nice article. It is nice to know that there are financial benefits to being charitable.

    Reply
  255. Mimar Sinan says

    July 14, 2013 at 4:23 pm

    With a gift annuity, individuals have a chance to help others while helping themselves. Below I have included the ACGA Suggested Gift Annuity Rates as of July 1, 2010:

    Reply
  256. jacksonraj says

    June 11, 2017 at 8:08 am

    Awesome and interesting article.

    Reply

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