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11. Can I add to my CGA IRS will not allow you to add to a CGA but you are allowed to have as many CGAs as you would like. A deferred or exible deferred CGA would allow you to give a gift now and receive income in your retirement. Any remaining funds would go to AFA. If the CGA is in your name only any remaining funds would go to AFA. 12. Do I receive a tax deduction for having a CGA Yes but IRS will not allow a dollar for dollar deduction as you will be receiving a lifetime income. 13. If I...
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