Everything You Need to Know About a Charitable Gift Annuity
I was pleasantly surprised to learn that my alma mater offers a charitable gift annuity. Why did this grab my attention? Well, like any other type of annuity, I would exchange cash or securities for a fixed lifetime income. Here’s where things diverge. Instead of working with an insurance company, this payment would go to my university. And, whatever remains will go to my alma mater. In short, this could be a way for me to not only supplement my retirement income but also give something back. While appealing, however, a charitable gift annuity isn’t for everyone. So, before you make such a com...