042: MYGA Secrets You Need to Know

In this episode, The Annuity Man discusses:  What a MYGA (Multi-year Guaranteed Annuity) is.  The negatives to a MYGA.  The length of time on a MYGA term.  The hidden secrets of a MYGA.   Key Takeaways:  Multi-year guarantee annuities and fixed indexed annuities are both CD products. Interest rates do not have to go up, there is a good argument for them to go to zero (even if we hope it doesn't).  If you get to the end of your surrender term, you can then transfer it to another MYGA and keep pushing the tax puck down the ice. There is no urgency to own an annuity, the only urgency is to understand it.    "If you like simplicity, if you like short term, if you like understanding what you own, a MYGA is your product." —  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!