Supplement Your Retirement Income While Making a Difference
Supplement Your Retirement Income While Making a Difference
Ned chose a charitable gift annuity as a safer way to invest for retirement while giving back.
Ned is an electrical engineer and thoughtful in how he plans for the future. He was seeing a good return on his retirement investments until the stock market dropped dramatically in 2022. He lost 25% and sought out a different way to invest.
“I wanted something safer as I neared retirement,” said Ned. “A charitable gift annuity with National Jewish Health offered guaranteed payouts for life that are mostly tax free.”
Ned had previously invested in a commercial annuity, a way to invest cash or appreciated property and receive regular payments back for the remainder of your life. He was in the process of securing another one before he spoke to the team at National Jewish Health.
“I immediately remembered how the care I received in Denver changed my life,” said Ned, an Arizona resident who spent a week at the medical center in the early 1990s. “Asthma attacks used to prevent me from working, until the team at National Jewish Health taught me how to breath differently and properly use my inhaler. I have not missed work because of asthma since.”
Ned has been donating monthly to National Jewish Health since 2005 and thought it was time to match the “tremendous gift” the medical team gave to him — his health. Yet, he still wanted a safer way to invest for retirement.
He discovered he could achieve both of his goals through a charitable gift annuity (CGA). For Ned, at the time, the payout rates were similar between the CGA and the commercial annuity, so the deciding factors were the tax deferment and the opportunity to give back to National Jewish Health for the care he had received many years earlier.
“I would tell anyone who might consider investing in an annuity to call National Jewish Health,” said Ned. “They are very good people and will help you understand your options and feel comfortable about your decision.”
Contact Gordon P. Smith, MBA, CFRE at 1.800.423.8891, Ext. 6549 or smithgo@njhealth.org today to learn how you can leave your legacy at National Jewish Health.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.