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What if I fund a Gift Annuity now and schedule payments for a future date when my needs are greater?

April 26, 2017Annuity fund future gift greater Needs PAYMENTS schedule

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What if I fund a Gift Annuity now and schedule payments for a future date when my needs are greater?

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If payments are postponed for at least one year, the agreement is considered a Deferred Gift Annuity. You will enjoy a greater charitable income tax deduction now, and a higher payment rate in the future. This arrangement is often used in planning for future retirement income.