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Are your CDs earning enough?
Barbara is a retiree and loyal KVIE viewer. She recently took a KVIE gift annuity, which guaranteed her a fixed payment (in her case, 8.1 percent on her $10,000 commitment).
Instead of stressing about the volatile market or settling for weak CD rates, she gets a strong, predictable check and will get that same payment every year for the rest of her life. Then, the remainder will become a gift to KVIE.
It’s easy, uncomplicated – and the return rate is guaranteed. Plus there’s a nice tax deduction, and most of the income is tax-free.
The minimum amount is $10,000 and rates are based on the donor’s age. It’s a simple two-page contract, and there are no legal fees.
To learn more, contact Rebecca at legacy@kvie.org or 916-641-3591.
| KVIE GIFT ANNUITY RATES (INDIVIDUAL) |
| AGE |
RETURN |
|
AGE |
RETURN |
| 69-70 |
5.8% |
80 |
7.2% |
| 71 |
5.9 |
81 |
7.4 |
| 72 |
6.0 |
82 |
7.5 |
| 73 |
6.1 |
83 |
7.7 |
| 74 |
6.3 |
84 |
7.9 |
| 75 |
6.4 |
85 |
8.1 |
| 76 |
6.5 |
86 |
8.3 |
| 77 |
6.7 |
87 |
8.6 |
| 78 |
6.8 |
88 |
8.9 |
| 79 |
7.0 |
89 |
9.2 |
| |
|
90+ |
9.5 |
| *Rates effective July 1, 2010 |
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Sacramento Region Community Foundation
KVIE’s charitable gift annuities are backed by the $75+ million assets from the Sacramento Region Community Foundation – KVIE’s partner in offering CGAs. The Foundation is licensed by the California Department of Insurance.
Info needed to open a KVIE gift annuity:
- Date of birth and proof with picture (e.g. driver’s license)
- Proper names, including maiden name
- Social Security Number
- Choice of payments (i.e. quarterly or annually)
- Voided check, if direct deposit
- CA & IRS Withholding forms
- Check made out to the Sacramento Region Community Foundation
- Signed two-page contract
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