RMD transfered to Charitable Gift Annuity, Lifetime payout, looks attractive

[HandyGrandpap]

This is a new feature, that appears fully credible:
IRA RMD is transfered to a lifetime annuity payout, since going to a chairtable organization there are no taxes on the RMD. Thus big savings pending your tax bracket. Intererst rate earned around 5-9% pending your age. See Article below, one of many. This is from Mayo Clinic which is one of many organizations that offer such. I am not advertising for Mayo, just sharing the concept.

Anyone have any experience with this?


Charitable Gift Annuities | Mayo Clinic (https://plannedgiving.mayoclinic.org/charitable-gift-annuities)

[Babubhat]

Any opinions, projections, or recommendations contained herein are subject to change without notice and are NOT intended as individual investment advice.

!!This material is presented for informational purposes only and should NOT
be construed as individual tax or financial advice.!!

That speaks for itself. It’s an ad.

[Altavia]

Retirement Tips: Choose The Best Charitable Gift Annuity (https://www.investopedia.com/articles/personal-finance/090915/retirement-tips-choose-best-charitable-gift-annuity.asp#:~:text=The%20Bottom%20Line,could%20be %20a%20great%20choice).

[Robbb]

[QUOTE=HandyGrandpap;2277796]This is a new feature, that appears fully credible:
IRA RMD is transfered to a lifetime annuity payout, since going to a chairtable organization there are no taxes on the RMD. Thus big savings pending your tax bracket. Intererst rate earned around 5-9% pending your age. See Article below, one of many. This is from Mayo Clinic which is one of many organizations that offer such. I am not advertising for Mayo, just sharing the concept.

Anyone have any experience with this?


Charitable Gift Annuities | Mayo Clinic (https://plannedgiving.mayoclinic.org/charitable-gift-annuities)[/QU

[ElDiabloJoe]

Another way you can lower your tax bracket significantly is to give away all your money. This makes about as much sense to me.