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The Florida Grantor, Summer 2002

Retirement Income You Can Depend On

by Thomas Norman, JD, CFRE
Vice President of Endowment Development & Director of Gift Planning
With all the ups and downs in the financial markets, many of our older friends are turning to The Able Trust's gift annuity program to create a steady, dependable stream of lifetime income. They like knowing that every quarter they will receive the same amount, year in and year out. They like the other benefits, too. Things like a good payment rate (up to 12 percent) and income that is partially tax-free. They like the income tax charitable deduction they receive and, of course, the fact that they are helping a good cause like The Able Trust.

Easy to Do
To learn more, fill out the coupon below and send it to The Able Trust's Office of Gift Planning. Once we know your age and the size of the gift you want to make and whether it will be cash or stock, we can prepare an easy-to-read gift illustration that will tell you:
How much you will receive for the rest of your life

• How much of your quarterly income will be tax-free
• How big your income tax charitable deduction will be
• How your gift annuity will benefit The Able Trust
  

Example
Mr. and Mrs. Smith are both 75 years old. They give $50,000 to The Able Trust in exchange for a charitable gift annuity. The Able Trust payment rate for their combined ages happens to be 7 percent, which means they will receive $3,500 every year, or $875 every quarter.
(Note: The rates vary, depending on one's age and whatever is currently being recommended by the American Council on Gift Annuities.)
The Smiths will receive fixed payments for the rest of their lives. And even when one of them dies, the surviving spouse will continue to receive the same fixed payments for the rest of his or her life. Because the payments are backed by the full assets of The Able Trust, the Smiths can have confidence that their annuity checks will always be there for them. You don't have to be married to obtain a gift annuity. In fact, single-life annuities pay a higher rate. Also, the older a person or couple happens to be, the higher the payment rate. Why not take a moment to fill out and send in the little form below? This will allow us to provide a tailor-made illustration that will show you just how well a charitable gift annuity can work for you. As always, you are under no obligation to proceed with a gift.