Dan Celia

Financial Issues

October 2015 – Q: We are considering investing in a charitable gift annuity, but are concerned that we should simply leave this money to our children.

A: Here are some important considerations about a CGA. First, you must be committed to investing in the Lord’s work with a portion of your money.

Second, in investing in a CGA, permanent income must be your top financial priority, because this is a permanent lifetime arrangement for you and your spouse.

That said, I believe that if you reach normal life expectancy, you will likely receive back the money you have invested. More importantly, your CGA income will have protected you from the necessity of withdrawing assets from the remainder of your portfolio. That allows your portfolio to grow, rather than shrink as you withdraw funds for income.

My counsel is this: considering the global and national economy, there is no better time to invest in a charitable gift annuity with the AFA Foundation.

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Dan Celia has been in financial management for more than 30 years. He works closely with AFA Foundation and can be heard six days a week on AFR Talk (afr.net).

Financial Issues website
Email: dan@financialissues.org
AFA Foundation: 800-326-4543, ext 345