Richard and Kathy Bates, age 70 and 69, respectively, want to retire and spend more time traveling. To meet these goals, they decide to sell an apartment building they purchased 20 years ago for $2,000,000, which was recently appraised for $6,000,000. After claiming $750,000 of depreciation, their current basis is $1,250,000. They are concerned about the effect of capital gain tax on the remaining $4,750,000, which they think would leave them with only $5,107,000 to invest toward their retirement and travel goals. Learn how Richard and Kathy avoided capital gains tax and received a life income.

Cliff and Carol had a desire to create additional retirement income and to leave a charitable gift to their church. They chose to participate in a Pooled Income Fund (PIF) where their money would be pooled and invested together with others. They invested $50,000 in appreciated stock. Learn how Cliff and Carol eliminated taxes while receiving a life income and charitable donation options.

Having been successful in business, and with no heirs to their estate, Doug and Beth began a season of prayer regarding their estate plan. One of the decisions they made as they planned for retirement was to gift their home to the church. Learn how a using a Retained Life Interest Gift can help eliminate capital gains taxes and provide more for charitable causes.