CD Transfer Program

Do you own a bank CD?

  • Are you satisfied with your current CD rate?
  • Would you like to generate a higher tax-advantaged income?
  • Do you want to save money on your taxes?


Our CD Transfer Program provides these benefits:

  • Immediate income tax deduction
  • Fixed tax-favored income for life or a specified number of years
  • Immediate or deferred income payments
  • Reduction or elimination of applicable estate tax
  • Reinsurance on most transactions
  • The ability to support your favorite charities and other charitable causes worldwide

Example:
Charles and Helen Barker, ages 75 and 74, are unhappy with their CD earnings. Their CD is valued at $100,000 and is currently earning 3% – all of which is taxable each year. Charles and Helen can transfer all or a portion of their CD to a Charitable Gift Annuity (CGA).

They would earn more income by transferring $50,000 of their CD to a CGA than they were previously earning from the entire $100,000 in their CD. By transferring only half of their CD to a CGA, they also have the comfort of retaining $50,000 in their current CD.

Bank CDCGA
Asset Value$100,000$50,000
Annual Rate3% interest rate6.3% payout rate
Annual Payout$3,000$3,150
After Tax Net Payout$2,250$2,883
Income Tax Deduction$0$14,827
Tax Savings$0$3,707
PrincipalRemains in estateRemoved from taxable estate

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