040: Your 4 Choices at the End of a MYGA Term

In this episode, The Annuity Man discusses:  The simplistic nature of MYGAs.  The end of term flexibility of a MYGA.  Why you can't broad brush all annuities.  It is your money, you get to make the decisions.    Key Takeaways:  The commission is already built into annuity contracts, they can vary depending on the complexity of the annuity. For something like a MYGA, they can be quite low, possibly .5%-2% depending on the carrier.  Choose the highest contractual guarantee, whether that is renewing with the current carrier or moving to a different carrier at the end of your MYGA term.  You are living the reality - that is the contractual guarantees. You can make the annuities work for what you want them to do.  Transferring within an IRA is a non-taxable event. You can also transfer to other annuities depending on what you want the money to do.    "The MYGA owner is the winner. You control the asset 100%." —  Stan The Annuity Man     Connect with The Annuity Man:  Website: TheAnnuityMan.com  Email: [email protected]  Book: Owner's Manuals  YouTube: Stan The Annuity Man  Get a Quote Today!