Now That You've Retired Retirement can be a wonderful time of life, but it brings with it an additional set of financial questions. For the first time, most people are faced with their income coming from a combination of several sources, as opposed to a single regular paycheck. In addition, questions regarding federal programs, insurance, planned giving, and a variety of other topics become more prominent. Don't be overwhelmed - a good understanding of these issues is usually half the battle.
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Most gifts to charity are pretty easy to understand you give, the charity receives. But how about a gift with an extra wrinkle you give, the charity receives, and you get monthly income back from the charity for as long as you live. During our working years, we must strike that balance between income and spending that allows us to generate a monthly surplus. If you're in this situation, it could be a simple matter to improve your returns by several percentage points. That's because you don't have to repay them at all.