Demographic changes in America are creating an unparalleled opportunity for organizations to gain significant gifts by using charitable gift and estate planning techniques.

An estimated 10,500 Americans will turn 65 old each day this year (2023). This group represents the 13th year of 19 years of “Baby Boomers” turning age 65. Also, over 100,000 will make it to ange 70 1/2 which makes them eligible to do a Qualified Charitable Distribution (QCD) from their IRA account. In 2020 the Mandatory Required Distribution date for retirement plans was increased to 72 under the SECURE Act.

By 2027 $8.8 trillion will have transferred from estates to beneficiaries, which may include charitable bequests. Now is the time for your chaity to garner a portion of this transfer using bequests and life income agreements.

James E. Connell and Associates maintain an active National Board of Advisors composed of attorneys, financial advisors, insurance agents, trust officers and fund raising professionals skilled in charitable gift development. The advisor network is available to clients to facilitate the cultivation, solicitation and development of charitable estate planning gifts. Connell & Associates is a member of the following organizations, click on the logo for more information.

New Gift Annuity Rates effective January 1, 2023