Peace of Mind Gift Annuity
Clara: While the stock has gone up in value, I am concerned about the stock market. I am getting closer to retirement, and I think it would be much better to have a good fixed return rather than worrying about the ups and downs of the market.
Clara called us and discovered that with a charitable gift annuity, she could receive a return of almost 6.4%, based on her age. This fixed payment was in addition to a large income tax deduction. Clara decided to transfer $10,000 of appreciated stock to Phoenix Theatre.
Clara: I am delighted with my gift annuity. I receive 6.4% and saved over $1,500 in income taxes. This plan has been great. Best of all, I no longer have to watch the markets go up and down.