These days, many of us probably think that stuffing our life savings under a mattress looks like the best investment plan going! But there are risk-free options with better returns than your mattress: what about a gift annuity with Catholic Missions In Canada? We offer secure, safe income, guaranteed for life.
The enormous stock market losses of the last year have scared away many investors, especially those who are conservatively inclined. Even the standard favourites, blue-chip corporations that pay good dividends and are largely impervious to market downdrafts, appear to be a thing of the past. For now, at least, the stock market offers no certainty but risk.
Meanwhile, interest rates on traditional safe investments such as Guaranteed Investment Certificates (GICs), savings accounts and Canada Savings Bonds are so poor that, once inflation is factored in, savers are, at best, just staying afloat.
Such feeble returns might not seem like such a bad thing in these uncertain times, if at least you’re not putting your principal at risk—but keep in mind that you’ll take a tax hit on the interest, too, if your savings are in non-registered accounts.
Many people have come to believe they won’t live long enough to see any of their losses returned to them in the market, and are facing reality. Times are tough and uncertain. They want and need a secure income in something safe—an elusive goal these days, but believe it or not, not an impossible one!
With GICs and Canada Saving Bonds offering less than one per cent, Catholic Missions In Canada’s gift annuities, offering rates from 4.92 percent to 10 per cent as of July 31, 2009, with income payments that are 60 per cent to 100 percent tax-free, are looking pretty good. To boot, you will receive a one-time charitable tax receipt for 20 per cent or higher of the amount you use to fund your annuity.
So where is the best place to earn an income for your retirement? If you are in need of higher returns on your investments now and will be happy to know that your remaining principal will benefit Catholic home mission work in the future, then our gift annuities are your best bet. They’re a great combination: a high rate of return and tax-free income guaranteed for life, plus a charitable tax receipt to help offset taxes owed currently. It is a good deal—for you and for our missions. If you are age 60or older, call today for your free no-obligation quote.
If you wish to get more information on making gift annuities,
Fill out a Request Information Form or
please contact Winnie Quinn, our Charitable Gift Planning Manager at
Tel: 416-934-3424
Toll-free: 1-866-YES-CMIC (937-2642)
Fax: 416-934-3425
or via e-mail at giftplan@cmic.info
