The Short-Term | The Institute for Creation Research

 
The Short-Term
 

There have been many articles and special programs during the past few months about what to do with money in the "short-term." It seems, however, that the various opinions do not concur on the "term" of the short-term. We can chuckle at the lack of agreement and pass it off as typical pundits vying for recognition in the rather esoteric "science" of financial forecasting, but what does one do in the "short-term"?

The Doubtful Doldrums

One common thread roaming through most of the prognostications is a concern for the strength of the global economic picture. One hears multiple warnings about the lack of support for economic growth in the "near, long-term" (whatever that means). No one really knows, but there does seem to be a consensus that those who are looking for a stable income for their retirement years may be under a serious challenge for the next few years. The Vanguard Funds, a large and widely respected mutual fund company, has recently recommended that older investors consider purchasing annuities to secure a reasonable rate of return on their retirement monies.

The "Confident" CGA

Since the Christian's "short-term" is considerably modified by our "long-term" view of eternal matters, it is encouraging to be able to accomplish both objectives. It is good to be able to secure a short-term solution that will enhance our effectiveness while we are still on Earth, and at the same time insure that our resources will continue to have a long-term impact participating with Kingdom ministries after we have joined our brothers and sisters in eternity.

If you are 70 or above, you might want to investigate the Charitable Gift Annuity (CGA) from ICR. Depending on your age and whether or not you want to include another person as a continuing beneficiary, the interest rate could range from 6.1% to 12%. The CGA also allows an immediate tax deduction as well as actual tax-free sheltering of a portion of the income, making the effective rates much more favorable.

ICR can prepare a specific proposal for you to consider that can help you focus your planning. Check the "CGA" box on the donor envelope or call us directly.

Cite this article: Henry M. Morris III, D.Min. 2003. The Short-Term. Acts & Facts. 32 (7).

The Latest
NEWS
May 2025 ICR Wallpaper
"Now may the God of hope fill you with all joy and peace in believing, that you may abound in hope by the power of the Holy Spirit." (Romans...

NEWS
Acoustic Communication in Animals
We are all familiar with vocalizations in the animal world. For example, dogs bark, birds sing, frogs croak, and whales send forth their own distinct...

ACTS & FACTS
Creation Kids: Crystals!
by Michael Stamp and Susan Windsor* You're never too young to be a creation scientist and explore our Creator's world. Kids, discover...

APOLOGETICS
Playing Chess with Little Furry Critters
God’s multifarious and marvelous designs for basic creature needs are so innovatively clever and providentially purposeful that Christ’s...

ACTS & FACTS
Credit Only Our Creator
History was my favorite subject as a young kid. But it always puzzled me when my teachers said, “We study history so that we don’t repeat...

ACTS & FACTS
Genomic Tandem Repeats: Where Repetition Is Purposely Adaptive
Tandem repeats (TRs) are short sequences of DNA repeated over and over again like the DNA letter sequence TACTACTAC, which is a repetition of TAC three...

ACTS & FACTS
Dinosaur National Monument: Fossil Graveyard of the Flood
Straddling the border of Utah and Colorado, Dinosaur National Monument (DNM) is one of the richest exposures of dinosaur fossils in the world.1...

ACTS & FACTS
The Transforming Influence of Genesis: Worker Dignity and Safety
When Pharisees questioned the Lord Jesus about marriage, He answered by quoting Genesis 1:27: “But from the beginning of the creation, God ‘made...

NEWS
Giant ''Meg'' Shark: Longer and Leaner?
Fossil remains of the giant shark Otodus megalodon have been found in Miocene1 and Pliocene2 rock layers, which ICR scientists...

CREATION.LIVE PODCAST
Searching for Truth Across the Globe | Creation.Live Podcast:...
How can we bring the Gospel of Jesus Christ and the truth of creation to others outside our small spheres of influence?   Host...