I have $7M with my adviser. He wants to convert $2M of that into an annuity he says guarantees 9%. Should I be wary?
Have an issue with your financial adviser or looking for a new one? Email questions or concerns to [email protected].
Kiplinger7mon
How to Give to Charity and Also Generate Retirement Income
Universities are common beneficiaries, but it can be any qualified charity that has a charitable gift annuity You receive an immediate charitable deduction for a portion of the gift You receive a ...
Kiplinger2y
The Six Best Ways to Give to Charity (And Cut Your Tax Bill)
One option is a charitable gift annuity. After you make a single lump sum donation, the charity sets up an annuity contract. “It’s like getting a pension,” says Simasko. “They’ll pay you ...
Hosted on MSN2mon
Defer Taxes, Create Income and Support Your Charity: The Power of a CRUT
The charity gets the remainder when you die ... If it is a CRAT (charitable remainder annuity trust), your payments are 5% of the original balance each year. CRUTs offer more flexibility; if ...