This Week's Topic: Planninag for Centenarians

I tell my clients to plan to live to 100 and to undertake their estate and financial planning on that assumption. Why? Because we have a better understanding of what it takes to maintain our health and the expected advances of medical science should help those of us who continue to have good health for the next ten years to reap the benefits of all of the research and development now ongoing. I also am a firm believer of what you believe and expect will happen. The anecdotal evidence in the charitable giving industry is that those donors who give money to a charity as a charitable gift annuity live longer than the life expectancy tables predict. A charitable gift annuity is an unsecured promise by a charity to give to a donor a certain amount of money, usually expressed as a percentage such as 7% per year, for the rest of the donor