1 minute read
Now, You Can Fund a Lifetime Annuity From Your IRA Without Paying Taxes
You can now make a once-in-a-lifetime distribution of up to $50,000 to fund a Charitable Gift Annuity (CGA) from the Masonic Charities.
What you need to know:
• Anyone 701/2 or older can apply.
• You do not need to be a Mason.
• Annuity rates start at 5% and can go as high as 9.5%, depending on your age.
• You can purchase an annuity for yourself or for you and your spouse.
• Your distribution can count toward your Required Minimum Distribution (RMD) as a Qualified Charitable Distribution (QCD), thereby avoiding taxes on your RMD.
Your Charitable Gift Annuity will provide these benefits:
• Payments to you or you and your spouse for the rest of your lives
• Tax-free distributions from your IRA to fund the annuity
• The ability to support the Masonic Children’s Home when the ends.