Another thing to look into is a charitable gift annuity. With that, you make a lump sum donation to a charitable organization. You get a tax deduction for doing so. You then get a monthly check with an interest rate well above regular market rates (the older you are when you make the donation, the higher the rate, which is then fixed for the remainder of your life). Rather than the money going to line some insurance company's pockets, it goes to support the charity. This is how a lot of organizations' endowment funds get funded.
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Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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