Posted by luckyzimmy
on November 24, 2008 at 2:51 PM
One of the best known hockey players of recent years was Wayne Gretzky. His advice: "I skate to where the puck is going to be, not to where it has been."
At the end of the year, many people take a look at where their tax bill will be next year. This is known as good planning, or as Wayne would say - skating to where the puck will be.
If you know that you will be looking at a big tax bill next year, now is the time to start skating. The use of a gift annuity program will not only allow you to reduce your tax bill next April, it will also contribute mightily to your own financial 'goals'.
What we are saying here is just this: Giving money to charity with a CGA is a gift that will keep on giving in the form of an income for like that can be well designated to multiply benefits for you during your own lifetime.