Dan Celia

Financial Issues

June 2017 – Q: I am 45 years old and just getting started in IRA savings.Should I establish a charitable gift annuity?

A: For anyone 10-15 years from retirement I recommend considering a CGA. A contribution of $2000-$4000 annually in a charitable gift annuity is a great way to create supplemental income for the rest of your life. This income is not impacted by your savings or investments in the markets.

A CGA is an ideal arrangement for people who want to establish a regular, permanent lifetime income stream. However, it is also important to realize that a CGA is only part of a solid retirement strategy that should include social security and income from other savings.

Finally, remember that a CGA is not an investment. It is a gift to the Lord’s work. The income that you receive is a promise from the ministry of your choice that you will receive an income stream for the rest of your life.

For more information, I would suggest that you contact the AFA Foundation.

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Dan Celia has been in financial management for more than 30 years. He works closely with AFA Foundation and can be heard six days a week on AFR Talk (afr.net).

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