From: "Cal" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Another thought for retiress
Date: Thu, 22 Jun 2006 10:35:05 -0500
	iQBVAwUARJq4qfl/I4+O31e5AQGaFgH+LxcKUg9XMsPV6btKiICY4qdDzX5QjwAh
	Uc5sa2pS6w0+C62G63CsPQy0LK7Ip/ddf8/gdWtyxbAj/ddU9jSijQ==
	=mP0h

It is refreshing to hear someone have something pleasant to say about
Annuities for a change.
Annuities (in general) have been around for ages. They have MANY
advantageous uses.
Cal Lester  CLU




"joetaxpayer"  wrote in message
news:OMudnaV_9u4EEQfZnZ2dnUVZ_ridnZ2d@comcast.com...
> While I'm pretty vocal about how negative I feel about Variable
> Annuities, and those who peddle them, an immediate annuity for retirees
> can make sense. And a Charitable Gift annuity more so.
>
> A current offer from a College (I'm not promoting any particular college
> or charity so I'll leave the name off) offers on $10,000;
>
> 70 - 7.7% ($438 tax free) $3033 charitable deduction.
> 75 - 8.3% ($512 tax free) $3645 charitable deduction.
>
> The immediate deduction can increase the effective yield by 10% or so.
> i.e the 7.7% may be 8.6% for someone in a high bracket (36%).
>
> Of course, there's no return of principle, but this yield is enough to
> spend 5%, and let 'priciple' grow 3% for inflation.
>
> JOE
>