Charitable Gift Annuities

Charitable Gift Annuities
Choosing the right time to annuitize can help you get the most out of your annuity. Panchenko Vladimir/Shutterstock
Due
By Due
Updated:

The other day I was running some errands and flipping through the radio. I stopped the dial once I heard the opening chords to “Band on the Run.” For those who are unfamiliar, this was one of the biggest hits from Paul McCartney and Wings. And, the Foo Fighters also have a rocking cover version out there as well.

Nonetheless, one of my all-time favorite lines ever song just so happens to be in this song:

“If I ever get out of here

Thought of giving it all away to a registered charity

All I need is a pint a day if I ever get out of here

If we ever get out of here”

Obviously if Macca actually following through, that would be a very hefty donation to the charity of his choice. For the rest of us though, we may not be able to donate as much as we would like to a registered charity. This is particularly true if you want to make a donation but also in credit card debt.