As you think about supplementing your existing sources of retirement income and if you are 55 years or over, you might want to consider a Marymount Manhattan College deferred annuity. This gift plan is particularly attractive to self-employed individuals on whom the IRS places a cap on contributions to retirement plans but who have excess income that could be used to provide a future stream when earnings decrease.
With a Marymount Manhattan deferred gift annuity, you would make a current gift but defer receiving payments to some future date, generally at retirement age. The rate and amount of the annuity being deferred would be known at the time the gift is made so you can accurately plan for your cash needs. Also, in addition to the good feeling that giving to MMC brings about you will receive a current income tax deduction for a portion of the gift. A deferred gift annuity may be funded with cash or appreciated assets.
For a confidential personal benefits profile and determination of your deferred annuity rate, please contact (973) 325-1380 or plannedgiving@mmm.edu.
