Are you torn between making a difference and having enough for retirement? There’s a win-win solution! You can care for your needs AND still give generously through a gift that pays you income for life.
Q: What kinds of gifts can I give in exchange for life income payments?
A: Surprisingly, there are a variety of gifts you can give in exchange for payments for life – everything from cash, publicly traded appreciated stock, real estate that has grown in value, farm machinery that is paid for and depreciated, and commodities such as grains, fruits or even livestock.
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The massive $2.2 trillion stimulus package is intended to provide swift relief to individuals and organizations alike, in the midst of the global Covid-19 pandemic.
In addition to direct payment and other provisions that may benefit your family, here are several CARES Act items and other considerations related to your giving.