Doing Good and Doing Well

Here’s the how
First, of course, the donor has to qualify for a RM; if the donor is a homeowner, has some equity and is at least 62, he’s qualified. For demonstration purposes, let’s assume a 62-year-old donor takes a lump sum of $100,000, which represents his equity (or a portion of it) and converts it to a GA with your organization. At 62, the GA rate for a single annuitant is 5.9 percent, which is almost double taxable equity yields and taxable bank CD yields.