In This Issue—Fall 2022

• Message from Tad Wisenor
• Good News! Gift Annuity Rates Just Increased
• Rate Increase Even Larger for Deferred Gift Annuities
• Top 7 Questions to Ask About Gift Annuity Rates

Rate Increase Even Larger for Deferred Gift Annuities

Most gift annuities are immediate payment. The contribution is made now, and payments start in the very next pay period. They appeal to those who want an immediate impact on their cash flow. However, a number of people choose a deferred-payment gift annuity. They also make the contribution now, but they elect to start payments at some future time. Their annuity serves as a supplemental retirement plan.

Suppose, for example, that a person aged 52 contributes $10,000 for a deferred-payment gift annuity with payments beginning at the age of 67. If the old rates applied, the annual payment amount beginning at 67 would be $660; but per the new rates, it would be $840. That is a 27% increase.