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Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 10103
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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Thinking about retiring from State employment (72 years old)

Customer Question

Thinking about retiring from State employment (72 years old) and would like to consider investing 401 K proceeds 50,000.-75,000 in charitable annuity
Submitted: 11 months ago.
Category: Tax
Expert:  Lane replied 11 months ago.

Hi,

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I hold a JD (Juris Doctorate, a doctoral degree in the law), concentration in Tax Law & Corporate law, an MBA (specialization in finance & tax), and BBA from mercer University’s Stetson School of Business and Economics, as well as CFP® and CRPS designations.

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Are you thinking about a charitable rollover (as was just recently extended) into an annuity where the charity will both own and be annuitant?

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Or are thinking about CRAT (Charitable Remainder Annuity Trust) where you would receive income?

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Let me know a few more details , if you would, and we can go from there

Expert:  Lane replied 10 months ago.

Hi, I can help if you can tell me a little more about what you are trying to do.

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This is the area in which I work, retirement and estate planning and law.

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There CAN be some issues around both contributing and then receiving income when this is being done through the IRA/401(k) charitable beneficiary path

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let me know

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Lane

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...I can help if you'll just give me a few more details

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