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Fixed Income FOR LIFE?

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Fixed Income FOR LIFE?

Earn Income for Life and Give Back to Teachers College

Many people may not be aware that they can guarantee a generous lifetime income for themselves, while supporting Teachers College now.

A Charitable Gift Annuity (CGA) allows you to receive either immediate lifetime payments or to defer your payments to a future date and receive a higher rate. In either case, you will receive favorable tax consequences.

Here’s how it works:

In exchange for your irrevocable gift of cash, stock or mutual funds, you receive a fixed payment each year for life.

Your annuity rate is determined by your age (at your nearest birthday) when your gift is made.

Sample single-life rates follow for individuals age 65 and older:

 

AGE

65

70

75

80

85

90+

RATE

5.7%

6.1%

6.7%

7.6%

8.9%

10.5%

The Office of Planned Giving would be happy to prepare personalized gift calculations at no cost or obligation to you. If you are interested, please call Louis LoRe, Director of Planned Giving at 212.678.3037, toll-free at 866.782.4438, or email us at giftplan@tc.columbia.edu

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