Doing Good and Doing Well
Employing reverse mortgages and gift annuities can help planned-giving officers guide elderly donors into mutually beneficial arrangements.
* RMs and GAs both are market beaters. If home sales are soft and the equity is locked in, how is it accessed? Beat the market by reversing the mortgage. As stated before, GAs beat traditional returns of bank CDs and bond and stock market yields without the risk. The net taxable yield beats a commercial annuity due to the charitable component.
- People:
- Steffan F. Cress
- Places:
- Tampa, Fla.
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