Seniors know that living on a fixed income presents many challenges.
Ever-increasing living expenses are a certainty while the universe of investment choices and rates of return are anything but certain. Consider Mary who faced this very situation. A retired elementary school teacher, she lives modestly with her financial needs being met by Social Security, a teacher's retirement, pension, and interest from Certificates of Deposit. Mary wanted to look at alternatives that would pay a higher income, but at age 82, she was not willing to take the risk involved. Mary had heard about the Assemblies of God Foundation and scheduled a meeting with a regional consultant in her area who shared with her that she might consider a charitable gift annuity.