July 2019

Since the 2017 Tax Cuts and Jobs Act, now more than ever there is a greater incentive for donors to contemplate whether charitable planning will provide an immediate or future benefit. Donors who will benefit from this range from business owners, executives, doctors, accountants, attorneys, professional athletes and even retirees due to the new deduction limits on state and local taxes (SALT), the elimination of several other deductions, as well as the increased standard deduction.

For over a decade, annuities with income riders have become a preferred choice for many retirees without pensions or in need of supplementing their Social Security. Who doesn’t want a “guaranteed return” of 5% to 7% and as high as 10% for the next 10 to 15 years without having to go through the stock market roller coaster?