The Federal Reserve Board’s decision to keep interest rates low through 2014 has made producing income a challenge. Does one accept a low return to protect principal? Or, implement strategies to potentially earn a higher return? Some individuals have considered the options identified below. Please note, before taking action always consult with your financial, tax and legal advisors.
Another way to boost your income is to use a strategy similar to Milt Kayle by establishing a life payment gift. A charitable gift annuity with Hamilton will make fixed quarterly payments to you during your lifetime. If you are age 62, you would receive 4.5% per year. For a donor age 72, the rate is 5.4%, and for a donor age 82, it is 7.2%, with the remainder designated for the purpose of your choice at maturity. Your effective rate of return will be higher when you consider income and capital gains tax savings. Please call us for a personal illustration.
Please advise the College if you have included Hamilton in your estate plan or completed a planned gift so you may be honored and recognized as a Joel Bristol Associate.
For more information about planned gifts at Hamilton, please go to:
or call Ben Madonia ’74 or Joni Chizzonite at 866-729-0317.