Increase your Income
The current economic environment has been difficult for many of us. Interest rates
continue to be very low; in fact, CD’s are now at all time low levels.
When your CD matures, you could consider a Charitable Gift Annuity.
This will provide you with a lifetime income, current income tax benefits, and leave an
endowment gift for Emmanuel Lutheran Church.
The income can be established for one or two people, so this could provide for a husband
and wife. The annuity rates are very attractive in today’s low interest rate
environment. For example, a couple who are both age 75, would receive an annuity
payment of 5.7% for life. The payments are often tax favored and you are entitled to a
current income tax deduction. When you reach mortality, the remaining principal goes
to the Emmanuel Lutheran Church Endowment Fund.