Some Thoughts on Financial Security in Retirement
Ensuring a financially secure retirement has become increasingly difficult in a highly competitive global economy. Newspaper articles announcing the freezing or discontinuation of pension plans are all too common. The key question for most of us is: “Will I have enough to live on?”
The College of Arts and Sciences at Case Western Reserve University helped you establish your career. Perhaps it can help make you more financially secure in your retirement as well. By making a life income gift to the College, you can establish an annuity or trust that suits your financial needs.
- The deferred-payment gift annuity is attractive to professionals in mid-career. It offers an immediate income tax deduction as well as a fixed, guaranteed income upon retirement.
- The charitable gift annuity is a suitable choice for people who are close to retirement or already retired. It offers both an immediate tax deduction and an immediate fixed income at a return significantly greater than the earnings from a bank CD or Treasury bond. In addition, more than half the annual income from this annuity is tax-exempt.
- The charitable remainder unitrust is attractive to people seeking to achieve long-term growth from their investment portfolio by selling highly appreciated, low-income stocks and reinvesting the proceeds. By transferring such stocks tax-free to a charitable remainder unitrust, these investors can qualify for an income tax deduction and begin receiving a 6% annual return on the value of the trust assets.
Because your life income gift will eventually become an endowment fund, it will provide both benefits to you and critical support to the College of Arts and Sciences. To learn more, please call the Office of Development and Alumni Affairs at 216-368-0097 or 800-360-5308, or visit http://www.case.edu/development/planned/.
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