Planning for a comfortable retirement is a top financial priority for many individuals.
Charitable gifts can be an important part of the retirement planning process.
The following are some ways you can include charitable giving in your retirement planning. You can incur penalties for taking funds out too early or too late. Other taxes may apply if you take out too little from your plan. A charitable life income plan can provide you with extra retirement income without all these complicated rules and limitations, and also benefit Tulane. Robert, who plans to retire from his medical practice in a few years, has been advised by his accountant that he is contributing to his retirement plan the maximum amount allowable each year but wishes to save still more.