Jan 19, 2021
In this episode, The Annuity Man
simplistic nature of MYGAs.
end of term flexibility of a MYGA.
you can’t broad brush all annuities.
- It is
your money, you get to make the decisions.
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
- 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.
are living the reality - that is the contractual guarantees. You
can make the annuities work for what you want them to
- 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
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