Annuities can provide a guaranteed stream of income in retirement And while the benefits aren't as significant for high-net-worth individuals as Peter with Richon Planning explains to Erin Kennedy there are a few that can make sense as part of a comprehensive retirement plan including a Longevity Annuity Hybrid Long-Term Care Annuity Charitable Gift Annuity Grantor Retained Annuity Trust GRAT Medicaid Compliant Annuity Of course each of these options comes with certain pros and cons for each investor If you'd like to talk through how you may be able to benefit from an annuity please give Peter a call at [... more]

We want to thank the folks at the National Christian Foundation for a great article on an alternative way to give and a new twist in Here are some alternative giving strategies for those of you who might be feeling the pinch financially but still have a heart to support your favorite charities Drawing on insights from an article by the National Christian Foundation we're focusing on using your IRA for charitable giving Of course these are general recommendations and may not apply to everyone You should consult with your CPA for specific advice based on your circumstances Okay here [... more]

If you're not familiar with the latest variation of the individual retirement account it wouldn't be surprising It's only gone into effect this year ABOUT LEGACY IRAs Unlike a traditional IRA a Legacy IRA indirectly provides income to retirees through a Charitable Gift Annuity CGA A CGA is an agreement between a donor and a nonprofit organization where the donor donates assets and the nonprofit provides regular payments for life based on the donated assets keeping the assets upon the donor's death The Legacy IRA allows individuals over the age of with a traditional IRA to take up to as [... more]