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What if you were told that you could double...even triple...the return on your investments? Would you jump at the opportunity? Probably not, because there are lots of get rich quick schemes out there and most of them get someone else rich, not you.
But what if this was a secure investment with a guaranteed lifetime income? Would that at least raise your eyebrows? It did for Yvonne Belcher, resident at Hillcrest and member of the Board of Directors, who rolled-over cash from her investment portfolio into a Charitable Gift Annuity and more than doubled her money.
Here is how she did it. If Yvonne had invested the cash in a Certificate of Deposit, which many retired folks do when they want a safe and secure income, she would have earned about 3.3%
Instead, she is earning 7.6% with her Charitable Gift Annuity and received a charitable tax deduction. With nearly half of the income from the annuity being tax free and the tax savings from the deduction, she effectively is earning more like 10.8% on her money after taxes.
Yvonne has not just doubled, but tripled her investment!
What a wonderful way to put your money to work for yourself and for Hillcrest. Charitable Gift Annuities are truly WIN-WIN opportunities.
