Podcasts about mygas

In this informative episode, host Wendy Jones sits down with Brian Kurtz, a seasoned financial advisor with AIP Financial. Brian breaks down complex retirement planning topics in a simple and practical way, including how RMDs work, why they matter, and how failing to take them properly can lead to IRS penalties. We dive into the world of annuities, explaining the differences between immediate and deferred , as well as fixed, indexed, and multi-year guaranteed annuities (MYGAs). Brian highlights how these tools can provide guaranteed income, protect against market losses, and offer stability in uncertain financial times. Key Highlights in this Episode: Understanding RMDs (Required Minimum Distributions):Brian explains how RMDs begin at age 73, how they are calculated based on retirement account balances and life expectancy, and why missing them can result in IRS penalties. He also shares strategies for managing withdrawals across multiple accounts. Tax-Smart Retirement Strategies:Learn how Qualified Charitable Distributions (QCDs) can allow retirees to satisfy RMD requirements while reducing taxable income and supporting charitable organizations. Annuities Simplified:Brian breaks down immediate vs. deferred annuities, and explains how fixed annuities—including indexed annuities and MYGAs—can provide guaranteed growth, income security, and protection from market downturns. Safe Money vs. Growth Investing:A practical discussion on balancing retirement portfolios. Podcast Schedule: Tune in to Next Steps for Seniors with new episodes dropping twice a week at 7:00 AM! Every Tuesday: Educational and insightful content to help you navigate the practical steps of aging. Every Friday: Spiritual and emotional support to encourage your heart and mind. Be sure to subscribe on Apple, Spotify, IHeart Podcasts so you never miss an episode, and if you enjoyed today's show, please leave us a rating and review!Learn more : https://omny.fm/shows/next-steps-4-seniors-with-wendy-jonesSee omnystudio.com/listener for privacy information.

There are no annuity roller coasters—only contractual guarantees. In this episode, Stan "The Annuity Man" breaks down why properly structured annuities should remove market drama from your retirement plan and how to avoid being taken for a ride by sales pitches.   In this episode, The Annuity Man discusses:  The "roller coaster" of expectations vs. actual contract terms Why contract-based annuities avoid market swings How MYGAs blend CD and bond benefits without volatility Using lifetime annuities for income and legacy planning Indexed vs. variable vs. RILA annuities: key differences How bonuses and illustrations can set unrealistic expectations   Key Takeaways:  Annuities issued by life insurance companies are contracts, and when you buy them for what they will do (not what they might do), you eliminate the emotional roller coaster of market volatility. Multi-year guaranteed annuities (MYGAs) act like the annuity industry's version of a CD or bond, but with an underlying value that does not fluctuate, making them attractive for the "go-go" years of retirement. Lifetime income annuities can be structured to provide a static monthly payment for life while ensuring that, if you die early, remaining value goes to your beneficiaries rather than the insurance company. Products like variable annuities and RILAs/buffer annuities often come with market exposure, moving parts, and hypothetical illustrations, which Stan rejects in favor of simple, contractual guarantees. The real "roller coaster" in the annuity world isn't the contracts—it's the sales pitches, including unrealistic bonus offers and performance promises that don't match what the contract is actually designed to do.   "There's no roller coasters with lifetime income with annuities. There's a contractual guarantees. Period." —  Stan the Annuity Man   Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator! 

Jim and Chris discuss listener emails on Social Security survivor and ex-spouse benefits, using annuity income to satisfy RMDs, and annuity laddering strategies for both SPIAs and DIAs and MYGAs. (6:30) George writes in about a cousin who turns 62 in November 2026 and whose ex-spouse recently passed away — he wants to know what survivor and ex-spouse Social Security claiming options may be available. (19:45) A listener asks whether annuity income payments from a qualified annuity can be used to satisfy the RMD requirement on a separate IRA, potentially eliminating the need to take distributions from the IRA altogether. 43:15) The guys hear from a long-term buy-and-hold investor at the start of his transition from accumulation to decumulation who is drawn to the idea of purchasing SPIAs or DIAs in multiple chunks rather than a single lump sum and is curious about tradeoffs as well as how to apply a dollar-cost averaging mindset to annuity income. (1:01:00) Jim and Chris take a question from a listener about 2.5 years from retirement who is considering laddering MYGAs through his 401(k) and wants to know whether the yield advantage of A-rated carriers is worth the added risk compared to sticking with A+ or higher, and whether CD laddering might be a simpler alternative. The post Social Security, Annuity RMDs, Annuity Laddering: Q&A #2622 appeared first on The Retirement and IRA Show.

https://meliagroup.com/retirement-financial-planning/Annuity rates are near multi-year highs in 2026, but the window may be closing. Learn how to lock in your income, understand MYGAs, and build a retirement strategy around reliable cash flow before rates drift lower. Melia Advisory Group City: Tulsa Address: 5424 S Memorial Dr Website: https://www.meliagroup.com/

A note before we begin: RILAs are registered securities, and we don't sell them. We sell fixed annuities — SPIAs, MYGAs, and fixed indexed annuities. This conversation is educational, not a recommendation for or against any specific product. RILAs — registered index-linked annuities — are the fastest-growing annuity category by new premium, with sales reaching $79.5 billion in 2025. That's more than ten times what the category produced a decade ago, and 2024 was the first year RILAs outsold traditional variable annuities. Rapid sales growth doesn't automatically mean a product belongs in your retirement plan. If you've ever seen a RILA illustration and felt like something didn't quite add up, this conversation walks through what these products actually do, where the tradeoffs hide, and why the income story that drives most annuity decisions rarely makes a RILA the right answer. You'll learn how the buffer concept works, why higher caps aren't free, and how absorbing the first 10 to 15 percent of a market loss changes the math on recovery. You'll also see why RILA sales appear to be tracking almost dollar-for-dollar with the decline in variable annuity sales, and what that pattern suggests about who these products are really being built for. The conversation covers the few situations where a RILA genuinely makes sense — a 1035 exchange out of a high-fee legacy variable annuity, non-qualified accumulation after maxing qualified accounts, a long runway of fifteen-plus years to retirement, or an equity-anchored client who refuses to derisk. It also covers where they consistently fall short, particularly on the income side, where a purpose-built fixed indexed annuity with an income rider almost always wins on the math that matters. You'll hear why a 10 percent payout rate on a RILA isn't the same as a 6 percent payout rate on an FIA income rider, and why adding an income rider to a RILA tends to neutralize the very feature that justified accepting buffer risk in the first place. ___________________________________ If you're working through how guaranteed income, principal-protected growth, or a fixed annuity might fit into your retirement plan, schedule a call or send us a written message and we'll walk through SPIAs, MYGAs, and fixed indexed annuities to help you figure out what's actually appropriate for what you're trying to accomplish. To read the article that accompanies this podcast, please click here: Should You Buy a RILA?

How do higher oil prices impact stock market returns? Ben Carlson at A Wealth of Common Sense challenges the assumption most people have, but with some genuinely surprising and con historical data. For those who retired right around 2022, our Listener Questions segment might interest you. A listener is comparing bonds to guaranteed products like MYGAs and annuities with income riders. They're seeing five and a half to six percent guaranteed payouts and wondering: are these actually better than bonds for generating retirement income? Then we wrap it up with our Retire "To" Something Segment: A listener who is only 2-5 years away from retiring wrote in with their very simple philosophy: "Never run away from a job. Instead, seek out the next better opportunity."   Resource: Article by Ben Carlson: How Do Higher Oil Prices Impact Stock Market Returns? Connect with Benjamin Brandt: Subscribe to the This Week in Retirement: http://thisweekinretirement.com Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com Work with Benjamin: https://retirementstartstoday.com/start Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart  

Book a call: https://remnantfinance.com/calendar Out Print the Fed with a 1% target per week: https://remnantfinance.com/optionsEmail us at info@remnantfinance.com or visit https://remnantfinance.com for more informationFOLLOW REMNANT FINANCEYoutube: @RemnantFinance (https://www.youtube.com/@RemnantFinance)Facebook: @remnantfinance (https://www.facebook.com/profile.php?id=61560694316588)Twitter: @remnantfinance (https://x.com/remnantfinance)TikTok: @RemnantFinanceDon't forget to hit LIKE and SUBSCRIBE_____________________________Hans brings back Travis McBride, a former helicopter pilot turned annuity and long-term care specialist, to walk through the entire annuity landscape. They start with the basics: what an annuity actually is, why only life insurance companies can offer them properly, and how the math of mortality pooling works in your favor when structured right. Then they get into the different flavors, from MYGAs to SPIAs to fixed index annuities with income riders, and make the case that right now, with rates still elevated, the payout environment is as strong as it's been in decades. The episode closes with a conversation about annuity audits and why anyone with an existing policy bought in a low-rate environment could be leaving thousands of dollars of guaranteed income on the table every single year.Chapters: 00:00 - Opening segment02:15 - Introduction to Travis04:00 - Why annuities have a bad reputation and who benefits from that narrative 07:30 - What is an annuity? The fifth grade explanation 11:00 - Why only life insurance companies offer annuities 13:30 - The quarter million dollar example and how mortality pooling works 18:30 - The 4% safe withdrawal rule and why Hans doesn't trust it 22:00 - Sequence of return risk: why the order of returns breaks retirement plans 24:00 - Interest rates and why annuity payouts are at historic highs right now 27:30 - Quality capital vs. quantity capital: where annuities fit 33:00 - The VA disability claim is worth $2.5 million in annuity terms 38:00 - Types of annuities: MYGA, SPIA, DIA, and fixed index with income rider 45:00 - How annuity taxation actually works (and why it's complicated) 49:00 - The annuity audit: what it is and why your existing policy may be underperforming 55:00 - Real example: $21,000 guaranteed income upgraded to $28,500 at no cost 58:00 - The bond mentality shift: certainty vs. trading 1:01:30 - Who should consider an annuity and at what age 1:04:30 - How annuities fit into the protect, save, growth framework 1:07:00 - Closing segmentKey Takeaways:Not every dollar's job is to maximize returns. Hans and Travis open with a framework that should reframe how you think about your whole strategy. Some capital is there for quantity, your retirement accounts chasing growth to overcome decades of illiquidity. Other capital is there for quality: certainty, guarantees, income you can build a life around. The 4% safe withdrawal rule has a fatal flaw almost nobody talks about. The Trinity study that produced that number looked at 30-year market windows. If you reverse the order of those same returns, the same person runs out of money in year 13. Sequence of return risk is the silent retirement killer. If the market drops in your first few years of retirement while you're withdrawing income, those early losses compound in reverse and permanently damage your long-term plan. Annuity payout rates are tied to prevailing interest rates, and right now those rates are near recent highs. That means the guaranteed income you can lock in today is significantly better than what was available in 2020 when rates were scraping the bottom. 

Making smarter investment decisions isn't about finding the perfect investment—it's about understanding how taxes, fees, and risk impact your outcomes over time. In this episode of the White Coat Investor podcast, we break down several real-world scenarios that high-income professionals face. We start by discussing whether it makes sense to sell a legacy investment in order to move into a lower-cost option, and how to weigh fees against potential tax consequences. We also cover how to choose which tax lots to sell in a taxable account, a key strategy that can significantly reduce your tax burden if used correctly. Additional topics include tax strategies for 1099 physicians, whether MYGAs can serve as a bond alternative, and how organizations like HOAs should approach investing reserve funds. If you're a physician, dentist, or high-income earner looking to make more thoughtful, tax-aware investment decisions, this episode provides practical frameworks you can apply immediately. Today's episode is brought to us by SoFi, the folks who help you get your money right. Paying off student debt quickly and getting your finances back on track isn't easy, but that's where SoFi can help — they have exclusive, low rates designed to help medical residents refinance student loans—and that could end up saving you thousands of dollars, helping you get out of student debt sooner. SoFi also offers the ability to lower your payments to just $100 a month* while you're still in residency. And if you're already out of residency, SoFi's got you covered there too. For more information, go to https://www.whitecoatinvestor.com/Sofi SoFi Student Loans are originated by SoFi Bank, N.A. Member FDIC. Additional terms and conditions apply. NMLS 696891. The White Coat Investor Podcast launched in January 2017, and since then, millions have downloaded it. Join your fellow physicians and other high income professionals and subscribe today! Host, Dr. Jim Dahle, is a practicing emergency physician and founder of The White Coat Investor blog. Like the blog, The White Coat Investor Podcast is dedicated to educating medical students, residents, physicians, dentists, and similar high-income professionals about personal finance and building wealth, so they can ultimately be their own financial advisor-or at least know enough to not get ripped off by a financial advisor. We tackle the hard topics like the best ways to pay off student loans, how to create your own personal financial plan, retirement planning, how to save money, investing in real estate, side hustles, and how everyone can be a millionaire by living WCI principles. Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  TikTok: https://www.tiktok.com/@thewhitecoatinvestor  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

In this episode, The Annuity Man discussed:  Focusing on contractual guarantees Avoiding "dart throw" annuity products Clarifying the purpose of the annuity Recognizing the value of timing and simplicity   Key Takeaways:  Evaluate annuities strictly as contracts based on guaranteed terms, not projections or marketing illustrations. The goal is to buy an annuity for what it will do contractually, rather than what it might do in hypothetical scenarios. Be cautious of complex market-linked annuities such as variable annuities, indexed annuities, and RILAs. These products often include multiple moving parts, caps, and fees that can limit outcomes and create unnecessary complexity. Start by identifying what you want the money to contractually accomplish and when those guarantees should begin. Annuities are best used to solve specific needs such as principal protection, lifetime income, legacy planning, or long-term care support. Lifetime income payouts are influenced by life expectancy assumptions, which may change over time. Straightforward products like MYGAs and contracts with clear guarantees can provide predictable outcomes without relying on market speculation or promotional incentives.   "You ask two questions… What do you want the money to contractually do? When do you want those contractual guarantees to start? That's it." —  Stan The Annuity Man   Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

"Annuities are too complicated" is one of the most common objections in retirement planning. But that statement treats every annuity as if it's the same product, and they're not even close. This episode walks through each major annuity type — from single premium immediate annuities and MYGAs to fixed indexed annuities, variable annuities, and RILAs — and gives each one an honest complexity rating. Some are about as straightforward as a CD. Others require real homework before you sign. The income rider gets special attention because it's the single most misunderstood feature in the annuity world. That "guaranteed 7% growth" number your agent mentioned? It doesn't mean what most people think it means, and the gap between expectation and reality is where most of the frustration lives. You'll also hear the case that annuities don't have a monopoly on complexity. You can open a brokerage account this afternoon and lose half your money in a leveraged ETF without signing a single disclosure document. The paperwork that makes annuities feel complicated is actually the industry forcing transparency — something most other investments don't require. _______________________ If you've been avoiding annuities because someone told you they're too complicated, this is worth your time. And if you'd like to talk through which type actually fits your situation, schedule a call — no sales pitch, just a straightforward conversation.  

In this episode, The Annuity Man discusses:  RMDs as a built-in income stream Building a reliable income floor for Chapter Two Stacking income sources intentionally Choosing truth over product-driven advice   Key Takeaways:  Required Minimum Distributions are not just tax events but forced withdrawals that create predictable income. Like Social Security, they function as an annuity whether you planned for one or not. Seeing RMDs as income rather than irritation changes how retirement planning is approached. Retirement is reframed as Chapter Two, a season focused on lifestyle and freedom. The priority is creating a guaranteed income floor that covers essential expenses regardless of markets. With that baseline secured, retirees gain confidence and flexibility in their financial decisions. An income floor can include Social Security, pensions, RMDs, dividends, rentals, bonds, CDs, treasuries, and MYGAs. RMDs must be factored in because they are predictable and legally required. Failing to include them can lead to unnecessary product purchases and inefficient planning. Not everyone needs to buy an additional annuity. If projected RMD income already meets lifestyle needs, additional guarantees may be unnecessary. A truth-first approach prioritizes client needs over sales, reinforcing trust and long-term credibility.   "You already own an annuity, and it's called Social Security, and it's the best inflation annuity on the planet." —  Stan the Annuity Man   Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man discussed:  Understanding MYGAs as CD alternatives Using tax deferral to improve long-term growth Extending deferral through strategic rollovers Evaluating liquidity and fit   Key Takeaways:  A Multi-Year Guarantee Annuity functions like a CD with a fixed rate and a defined term. It offers principal protection, no market exposure, and predictable growth. Terms typically range from one to ten years, depending on the carrier. Unlike CDs in non-qualified accounts, MYGA interest is not taxed annually. Taxes are deferred until withdrawals are taken. This allows earnings to compound uninterrupted over time.  At the end of a MYGA term, funds can be withdrawn or rolled into a new MYGA. A 1035 exchange allows this rollover without triggering taxes. This process can be repeated to defer taxes indefinitely. MYGAs often allow limited annual withdrawals, with gains taxed first. They appeal to those seeking stability, tax efficiency, and legacy growth.   "Multi-year guarantee annuity is the annuity version of a CD—fixed rate, no moving parts, no market attachment." —  Stan The Annuity Man   Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator! 

Chris's SummaryJim and I review new MYGA variations and examine how insurers and product developers are marketing hybrid annuity designs using MYGA language. We walk through four examples from an April 2025 article—“Lockdown,” “Minimum Accumulation Guarantee,” “Extra Extra,” and the “End-of-Term Equity Kicker”—and explain why these products, despite being labeled as MYGAs, rely on index-linked features and do not behave like traditional MYGAs. Jim's “Pithy” SummaryChris and I spend this episode talking through an article from earlier this year that highlights where the annuity industry seems to be headed. While not all good or all bad it centers on something I don't think needed fixing in the first place. A MYGA is simple. It's predictable. It's easy for people to understand. It looks a lot like a CD (minus the FDIC protection, of course) issued by an insurance company, with a guaranteed rate for a defined period of time. That simplicity is exactly why we use MYGAs in our retirement plans for principal protection to cover near-term spending, including the delay period Minimum Dignity Floor and early Go-Go spending. What the article describes are four designs that are being positioned under the MYGA label, even though they introduce index-linked elements that change how the product behaves. The names alone tell you this is marketing at work. “Lockdown,” “Minimum Accumulation Guarantee,” “Extra Extra,” and the “End-of-Term Equity Kicker” are all attempts to add features that sound appealing while keeping the comfort of the MYGA name. In reality, these designs are borrowing from the fixed indexed annuity world and layering those ideas onto something that was not originally intended to work that way. But I’m not at all surprised that the insurance industry couldn’t leave well enough alone and took something simple and practical and complicated it with these new MYGA variations. The post New MYGA Variations: EDU #2553 appeared first on The Retirement and IRA Show.

In this episode, The Annuity Man and Terry Savage discuss:  What is "chicken money"? Considering future crises in your financial plan  Seeking trusted advisors  Building an income floor    Key Takeaways:  Your "chicken money" is money that you can't afford to lose. CDs, treasury bills, money markets, AAA municipal bonds, and MYGAs are suitable options. MYGAs and CDs are great for principal protection and tax deferral benefits. Focus on having an income floor and principal protection in retirement plans.  It's important to consider possible future financial crises and plan for them, regardless of political outcomes. Social Security is a primary source of retirement income.  Seek trusted financial advice from fiduciaries who fully disclose costs and operate on a fee-only basis. See to it personally that you are able to customize your financial plan according to your goals.  Have an income floor to protect yourself against market fluctuations and ensure financial stability. Social Security is a strong foundation for retirement income. Build on it with guaranteed products. Consider both the short-term and the long-term in your financial plan.    "Chicken money, by definition, is money you cannot afford to lose, and as such, it belongs in things like short-term CDs, treasury bills." —  Terry Savage   Connect with Terry Savage: Website: https://www.terrysavage.com/  LinkedIn: https://www.linkedin.com/in/thesavagetruth/  Facebook: https://www.facebook.com/The-Savage-Truth-190870517609983/  New Book Link: https://www.amazon.com/gp/product/1119645441/ref=pe_2313400_441222210_em_1p_0_lm   Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

Today on Your Money, Your Wealth® podcast 560, Joe Anderson, CFP® and Big Al Clopine, CPA spitball business development company (BDC) funds for Edward in Illinois before diving into buckets of cash, T-bills, decumulation, and Roth conversion timing for Pebbles and Bam Bam. Plus, the fellas help 34 year old Keith in Connecticut figure out if he's actually on track, whether he's taking too much risk, or just worrying too much. They also spitball on the six-figure annuity gain that Gus in Philly's 95 year old dad has amassed. Finally, why yelling "never pay an advisor" on the internet doesn't necessarily magically turn MYGAs into the perfect investment for everyone. (While Joe and Big Al enjoy a little seasonal downtime and Andi recovers from surgery, enjoy this encore presentation of these questions from a January 2025 episode.) Free Financial Resources in This Episode: https://bit.ly/ymyw-560 (full show notes & episode transcript) 10 Steps to Improve Investing Success - free download Tax-Smart Charitable Giving Guide 6 Secrets to Bigger Tax Deductions from Your Non-Profit Donations - YMYW TV Financial Blueprint (self-guided) Financial Assessment (Meet with an experienced professional) REQUEST your Retirement Spitball Analysis DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter   Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings   Chapters: 00:00 - Intro: This week on the YMYW Podcast 01:03 - What's the Risk With Business Company Development (BDC) Funds? (Edward, IL) 03:58 - T-Bills, Decumulation, IRAs, and Investing Strategies (Pebbles & Bam Bam, Kentuckystone) 12:02 - I'm 34. Are My Investments Appropriate for My Time Horizon? (Keith, CT) 17:59 - MYGA Retirement Withdrawal Strategy for Dad (Gus in Philly) 23:00 - Just Buy Multi-Year Guaranteed Annuities (MYGAs) and Bonds (comment from Ken, YouTube) 28:04 - YouTube comments: State Taxes, Pro-Rated Sale of Primary Residence, Bonds vs. Pension, and PERMA 35:27 - YMYW Podcast Outro

In this episode, The Annuity Man and Michael Finke discuss:  Annuities are more attractive today  Protecting your future lifestyle  Cutting little slices from the birthday cake There's no perfect product to solve for inflation   Key Takeaways:  At the time of this episode's taping, near-retirees can lock in 5.2% on five-year MYGAs for the next five years; however, it may go up or down.  When buying an annuity, you're buying yourself a minimum standard of living forever, no matter how long you live. You have to choose if you want to shoulder the risk or transfer it. Your future lifestyle is at stake.  It's not going to be easy, but you must first recognize that you're not going to live forever. You have to decide how you could spread out your savings to accommodate your lifestyle until you die, or if you want to spend more money to have less worry.  If you can be more flexible, then inflation's impact won't be that big of a deal. Also, there's no perfect product to solve for inflation. There are options that could help you have some stability through it, like Social Security and I Bonds.    "If we model out 1000 different potential retirements, the ones who will have an annuity will, on average, be happier, but the ones with an investment portfolio might have a slightly higher probability of success. But there is no information about what failure means." —  Michael Finke    Connect With Michael Finke: Website: http://www.michaelfinke.com/  LinkedIn:  https://www.linkedin.com/in/michael-finke-8134808/  Facebook: https://www.facebook.com/mfinke  Twitter: https://twitter.com/FinkeonFinance    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

On this episode of Your Retirement Highway, Matthew Allgeyer and Kyle Jones kick things off with a relatable holiday confession—sometimes, even the best financial plans can get derailed by irresistible stuffing and family feasts. But that's just the beginning! As the conversation shifts gears, our hosts tackle one of the hottest topics on every retiree's mind: how to keep your hard-earned money safe when the market starts acting up.Curious about alternatives to bank CDs and worried about roller-coaster interest rates? Matthew and Kyle pull back the curtain on multi-year guarantee annuities (MYGAs), debunking myths and sharing strategies that could give your portfolio a little extra insulation when uncertainty hits. Whether you're approaching retirement or just want to stash some cash away from Wall Street's wild ride, tune in to find out why a well-timed detour could be the smartest move you make all year.Join Matthew Allgeyer and Kyle Jones as they dive into the crucial issues shaping your retirement. In this episode of Your Retirement Highway, our hosts discuss a key retirement topic, sharing expert advice, actionable strategies, and experiences that matter. From taxes and Social Security to long-term care and market volatility, they cover what you need to know to chart your retirement course with clarity and confidence.

In this episode, The Annuity Man discussed:  Distinguishing annuity types Applying the PILL strategy Interpreting annuity yields Securing contractual understanding   Key Takeaways:  Understanding the purpose of different annuities is crucial: MYGAs provide guaranteed interest on principal like a CD, while SPIAs deliver a lifetime income stream tailored to longevity. Each serves a distinct financial goal. The "PILL" framework—Principal protection, Income for life, Legacy, Long-term care—helps determine whether an annuity aligns with your needs and long-term planning priorities. Evaluating yields requires nuance: MYGA interest compounds tax-deferred without reducing principal, whereas SPIA "rates" reflect life expectancy and combine principal with interest, making direct comparisons misleading. Before purchasing, ensure you fully understand an annuity's contractual guarantees, avoid relying on hypothetical rates, and seek reliable sources for accurate information to make informed decisions.   "We're looking at a principal-protected product and an income product. Now right there. You should say, I'm not sure we can compare those two… because [they're] two different categories." —  Stan The Annuity Man   Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man discussed:  Think again, would more money change your life?  Peeling off the interest Are you really affected by inflation?  Live your life now    Key Takeaways:  Why do you still keep money in the markets when you've won the game? Think about it, would more money really change your life? If the answer is no, then why are you putting your money at risk?  Treasuries, CDs, Fixed-Rate Annuities, and MYGAs are at a level where you can just peel off the interest, never touch the principal, and never pay any fees.  60% of adults have less than $400 to their name. Those people are the ones really affected by inflation, not millionaires like you.  If you need more money, go get it. But for those who don't need it, why are you still trying to chase more? You don't need to put your resources into volatility; what you need to do is to live your life now.  "Why are you putting all or a portion of your hopes and dreams in potential returns? Keyword: ‘potential.' The only potential in your life should be the potential for you to live your life on your own terms because you've earned it. The potential is doing things for you." —  Stan The Annuity Man     Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man discussed:  Preserving principal Matching products to time horizons Adapting to changing rates Prioritizing peace of mind   Key Takeaways:  The “never touch the principal” rule emphasizes generating retirement income from interest alone, keeping original capital intact for protection and legacy. CDs and treasuries are best for terms under three years, while MYGAs provide tax-deferral benefits and stronger returns for longer durations. High interest rates make this strategy attractive now, but if rates fall, retirees may need to pivot to options like immediate annuities for steady income. This approach emphasizes guaranteed returns, protection from volatility and fees, and thoughtful planning, including reviewing MYGA rates, evaluating assets, and considering a spouse's needs.   "Never touch the principal. Those are the four words I want you to focus on." —  Stan The Annuity Man   Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator! 

Jim and Chris discuss listener questions on surviving spouse Social Security benefits and Roth conversions, SSDI and pensions, the Social Security Fairness Act, managing large HSA reimbursements, and choosing between MYGAs and the TSP G Fund.(7:45) George asks whether Roth conversions count toward the earnings test when planning to claim his surviving spouse Social Security […] The post Social Security, HSA Reimbursements, and MYGAs: Q&A #2536 appeared first on The Retirement and IRA Show.

Jeff Affronti, president and CEO of FSD Financial Services, joins our show to delve into the current landscape of annuities, focusing on market trends, the purpose of annuity laddering, and common strategies for younger investors. Jeff shares insights on using MYGAs for retirement income, the impact of inflation on annuities, and some of the latest product features and innovations in the industry. The discussion also touches on the risks associated with life-only annuities and the potential for entering the MYGA market. For more information: thatannuityshow.com

In this episode, The Annuity Man discussed:  CDs and MYGAs I-bond no-brainer The safest product in principal protection  How safe are MYGAs?    Key Takeaways:  Here's how CDs (Certificate of Deposit) work: you give the bank money, they protect the principal, and you don't have to pay any fees. You can take the interest if you want to at the end of the term, and do what you want with your money. MYGAs are basically the annuity industry's version of a CD.  Treasury bonds are a no-brainer. Go to treasurydirect.gov to buy them for yourself. The only downside of treasury bonds is that there's a limitation on how much money you can put in them.  Of these three safe principal protection options, treasury bonds are the safest because the government can tax or confiscate money in order to pay them, and they will. The second safest one is CDs, since they are government-based as well.  MYGAs are safe products to invest in, and their safety is based on the annuity company's ability to pay. They are commodity products, and the money you'll get from them can be used to buy another MYGA from another company. However, you can't put all your money on annuities; you've got to spread it around.    "This trifecta is a contractual guarantee:  CDs, Treasuries, Multi-Year Guarantee Annuities. You're owning these because of what they will do, not what they might do. You're buying the yield. The yield is contractual." —  Stan The Annuity Man    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!   

In this episode of Retire with Style, Alex Murguia and Wade Pfau explore how buffer assets can help manage sequence risk in retirement. They discuss different types of buffer assets—including cash, home equity lines of credit (HELOCs), multi-year guaranteed annuities (MYGAs), and whole life insurance—and examine the trade-offs involved with each. Wade also shares insights on the evolving role of reverse mortgages in retirement planning, emphasizing the importance of weighing costs and long-term implications when incorporating these tools into a financial strategy. Takeaways Buffer assets help manage sequence risk by providing a safety net. Cash, HELOCs, and life insurance can serve as buffer assets. HELOCs may not be reliable during market downturns. MIGAs can be considered buffer assets under certain conditions. CDs can also function as buffer assets if withdrawal penalties are minimal. Reverse mortgages offer unique advantages but come with costs. The perception of reverse mortgages has evolved over time. Long-term care costs can be partially covered by reverse mortgages. Whole life insurance allows borrowing against cash value. Understanding the terms of financial products is crucial for effective planning.   Chapters 00:00Introduction and Overview of Sequence Risk 02:24Understanding Buffer Assets 05:32Exploring Alternatives: HELOCs and Other Options 08:51Evaluating Multi-Year Guaranteed Annuities (MIGAs) as Buffer Assets 10:51The Role of CDs and Fixed Indexed Annuities 13:27The Case Against Gold as a Buffer Asset 16:12Reverse Mortgages: Risks and Benefits 19:19Changing Perceptions of Reverse Mortgages 22:31Long-Term Care and Reverse Mortgages 25:38Whole Life Insurance Loans and Their Implications   Links Explore the New RetireWithStyle.com! We've launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there's something you've been wondering about retirement, we want to hear it! The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

In this episode, The Annuity Man discussed:  CDs and MYGAs I-bond no-brainer The safest product in principal protection  How safe are MYGAs?    Key Takeaways:  Here's how CDs (Certificate of Deposit) work: you give the bank money, they protect the principal, and you don't have to pay any fees. You can take the interest if you want to at the end of the term and do what you want with your money. MYGAs are basically the annuity industry's version of a CD.  Treasury bonds are a no-brainer. Go to treasurydirect.gov to buy them for yourself. The only downside of treasury bonds is that there's a limitation on how much money you can put in it.  Of these three safe principal protection options, treasury bonds are the safest because the government can tax or confiscate money in order to pay it, and they will. The second safest one is CDs since they are government-based as well.  MYGAs are safe products to invest in, and their safety is based on the annuity company's ability to pay. They are commodity products, and the money you'll get from them can be used to buy another MYGA from another company. However, you can't put all your money on annuities; you got to spread it around.    "This trifecta is a contractual guarantee:  CDs, Treasury's, Multi-Year Guarantee Annuities. You're owning these because of what they will do, not what they might do. You're buying the yield. The yield is contractual." —  Stan The Annuity Man.    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

This week, Willie Jones talks with Ross McGoodwin, Regional Vice President of Member Success at DPL Financial Partners. They discuss how MYGAs provide competitive and guaranteed returns for retirement savers. Ross also highlights how these straightforward, fixed annuities provide a stable anchor in retirement and complement other fixed-income strategies. Learn more at https://www.dplfp.com/series/advisor-revelations-podcast.

Listener Q&A where Andy talks about: Why you know the return you'll ultimately realize if you hold a bond to maturity, but can't know the return you'll eventually realize if you instead hold a bond fund ( 7:13 )A commonsense intuitive answer why bond prices decrease (increase) when interest rates increase (decrease) ( 9:56 )His thoughts on holding only fixed maturity instruments such as CDs, bullet ETFs, individual bonds and MYGAs for a fixed income allocation instead of traditional open-end bond funds ( 13:56 )How to distribute money from a 401(k) when you can't pick which particular investments to sell within it ( 22:44 )Will U.S. income tax rates eventually increase, and by how much ( 31:23 )How to make an investment policy statement ( 43:41 )What distribution plans and strategies typically look like for his clients ( 51:23 )Links in this episode:Morningstar article - How to Create an Investment Policy StatementTo send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.comMy company newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com

Jim and Chris begin with three PSAs on Social Security experiences, then answer questions on fixed indexed annuities with market value adjustments, SPIA payout options for the Minimum Dignity Floor™, and the tax aggregation rule for MYGAs.(11:30) In this PSA Georgette clarifies that her husband, born February 1, received January benefits at full age 70, […] The post Social Security PSAs, FIAs, SPIAs, and MYGAs: Q&A #2525 appeared first on The Retirement and IRA Show.

Chris's Summary:Jim and I continue our focus for Annuity Awareness Month by explaining how fixed indexed annuities work and the regulatory nuances that distinguish them from other fixed products. We walk through their structure, common misconceptions, when they can be appropriate, and how to compare them to MYGAs and buffered ETFs. We also highlight the […] The post Fixed Indexed Annuities: EDU #2525 appeared first on The Retirement and IRA Show.

In this episode, The Annuity Man discussed:  Why would you want to stop taking in income?  Three types of irrevocable lifetime income teams  Light-switch Annuity Products   Key Takeaways:  There a myriad reasons why you would want to stop taking income, and there are annuity reasons that allow for this. One reason could be if tax laws change in the future and you want to shut down the income stream to not getting taxed, or when you want the income to accumulate for your death benefit. The three types of irrevocable income lifetime income streams are Single Premium Immediate Annuity, Deferred Income Annuity, and Qualified Longevity Annuity Contracts.  A Multi-Year Guaranteed Annuity is the annuity industry version of a CD. It allows you to take out interest while keeping the capital intact, and it's a light-switch annuity product. Another light-switch product is an income rider attached to an indexed annuity.    "There are annuities that aren't light switch annuities: SPIAs, DIAs, and QLACs - but there are annuities that are light switch for income, MYGAS, and then income riders which are lifetime income products." —  Stan The Annuity Man.    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man discussed:  Should you purchase I Bonds?  Treasuries are as safe as it gets  Five places to put your money  Inflation is personal    Key Takeaways:  Purchasing I Bonds is a no-brainer. Go to treasurydirect.gov to buy direct from the treasury I Bonds.  Treasuries are as safe as it gets because they can tax us and confiscate our money to pay them off, and that would happen if we needed to do that. The downside to I Bonds is that they don't allow you to put as much money in them.  There are only five legitimate places to put your money that protects the principal and that you're not going to lose a dime, and you're going to get an interest rate. Those five are money markets, CDs, fixed-rate annuities - also called MYGAs, treasuries, and Triple A-Triple A insured municipal bonds. Inflation is personal. Don't get too caught up on inflation because most people in retirement will not be affected that much by it. Ask yourself if you're being affected by it, or are you overplanning?    "If it's a no-brainer, then it's a no-brainer, and I-Bonds are the ultimate no-brainer. You can do it every year, so why not put it on your calendar and do it every year? It just makes sense. " —  Stan The Annuity Man.   Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator! 

In this episode, The Annuity Man discussed:  Traditional laddering with MYGAs What is “reversing”?  Traditional laddering and reversing  Key Takeaways:  You do a traditional 3-year, 4-year. 5-year ladder if you are hoping that rates will go higher. It's a strategy you use when you want to have money as the rates are rising so that you can attach yourself and lock yourself in with those higher rates.  Reversing is the opposite of laddering; you lock in the MYGA for 10, 9, 7, or 10, 7, or 5 years because the rates are falling. This is also a great strategy to use with MYGAs since MYGAs are not callable, the rates are locked in.  If you are undecided whether you should ladder or reverse, you can put half your money in one and half in the other to get a more balanced outcome. What's important is that you should have some of your money be not callable.    "A lot of times when Powell raises interest rates, the annuity industry yawns. You can't time it; there's no sweet spot. There's no arbitrage moment." —  Stan The Annuity Man.    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

Jeff Affronti, president and CEO of FSD Financial Services joins our show to delve into the current landscape of annuities, focusing on market trends, the importance of annuity laddering, and strategies for younger investors. Jeff shares insights on using MYGAs for retirement income, the impact of inflation on annuities, and the latest product features and innovations in the industry. The discussion also touches on the risks associated with life-only annuities and the potential for entering the MYGA market.

In this episode of Protect Your Assets, host David Hollander discusses the role of annuities in navigating market volatility and protecting your wealth. He provides an in-depth look at fixed index annuities (FIAs) and multi-year guaranteed annuities (MYGAs), comparing them to other investment options like CDs. The episode also addresses common myths surrounding annuities, including misconceptions about death benefits and fees. Hollander explains the importance of understanding annuity fees, beneficiary designations, and how they can fit into a diversified investment strategy. Tune in for a clear breakdown of how annuities can be used to protect your retirement and help manage risk. You can send your questions to questions@pyaradio.com for a chance to be answered on air. Catch up on past episodes: http://pyaradio.com Liberty Group website: https://libertygroupllc.com/ Attend an event: www.pyaevents.com Schedule a complimentary 15-minute consultation: https://calendly.com/libertygroupllc/scheduleacall/ See omnystudio.com/listener for privacy information.

In this episode of Protect Your Assets, host David Hollander discusses the role of annuities in navigating market volatility and protecting your wealth. He provides an in-depth look at fixed index annuities (FIAs) and multi-year guaranteed annuities (MYGAs), comparing them to other investment options like CDs. The episode also addresses common myths surrounding annuities, including misconceptions about death benefits and fees. Hollander explains the importance of understanding annuity fees, beneficiary designations, and how they can fit into a diversified investment strategy. Tune in for a clear breakdown of how annuities can be used to protect your retirement and help manage risk. You can send your questions to questions@pyaradio.com for a chance to be answered on air. Catch up on past episodes: http://pyaradio.com Liberty Group website: https://libertygroupllc.com/ Attend an event: www.pyaevents.com Schedule a complimentary 15-minute consultation: https://calendly.com/libertygroupllc/scheduleacall/ See omnystudio.com/listener for privacy information.

In this episode, The Annuity Man discussed:  Gap Filling and Annuity Options: Social Security Timing and Considerations: Balancing Emotional and Financial Well-being: Flexibility and Lifetime Guarantees with Annuities:   Key Takeaways:  You need to find ways to cover your income needs before Social Security kicks in, typically from ages 62 to 70. Consider using strategies like Single Premium Immediate Annuities (SPIAs) or Multi-Year Guarantee Annuities (MYGAs) to provide contractual income during this gap. SPIAs pay a guaranteed income for a specific term, while MYGAs offer a fixed interest rate with the potential to preserve your principal. When deciding whether to take Social Security at age 65 or 70, consider your personal circumstances. Factor in the payments you'll miss while waiting for a higher payout and how long it will take to recoup those amounts. Think about living for the present and enjoying your money now rather than solely focusing on maximizing every penny. Reflect on the emotional and lifestyle aspects of your financial planning. Prioritize your personal happiness and well-being by doing things for yourself and living life to the fullest. Stan encourages turning on the lifetime income stream sooner rather than later, especially if you've spent a lifetime scrimping and saving. Use annuities to provide both lifetime guarantees and gap-filling strategies. Explore these options based on your specific needs and circumstances to bridge the gap between now and when Social Security kicks in. Consider both period certain Immediate Annuities for guaranteed income over a specific term and MYGAs for interest income while preserving your principal.   "If it sounds too good to be true, it is. Every single time. There are limitations to every strategy. You just have to weigh the good and the bad to see if it makes sense." —  Stan The Annuity Man.    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!   

In this episode of Advisor Revelations, Blake Phillips, Regional VP of Member Success at DPL, talks with DPL Internal Consultant Tyler Caummisar about MYGA ladders and why they are becoming a go-to strategy for advisors looking to optimize their clients' portfolios. From comparing MYGAs to traditional instruments like CDs and treasuries to understanding how laddering can diversify assets and mitigate interest rate risk, Tyler discusses how DPL's cutting-edge platform simplifies researching, purchasing, and managing annuities. Learn more at https://www.dplfp.com/series/advisor-revelations-podcast.

What is the risk with BDCs, or business development company funds? Edward in Illinois wants to know. Do Pebbles and Bam Bam in Kentuckystone have too much invested in T-bills? Are mutual funds or ETFs a better place for them to invest qualified money in the decumulation phase? Is there a difference between a traditional IRA and a rollover IRA? And Keith in Connecticut is 34 and wants a spitball on whether his investments are appropriate for his time horizon, today on Your Money, Your Wealth® podcast number 512 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, Gus in Philly needs a withdrawal strategy for his dad's multi-year guaranteed annuities (MYGAs). Speaking of MYGAs, YouTube viewer Ken thinks everyone should invest in MYGAs and bonds, and nobody should ever pay a financial advisor. What do Joe and Big Al think? And finally, comments on your state of residence for tax purposes from Greg, the prorated sale of a primary residence, and bonds vs. pension from Keith, and 7SideWays tells the fellas to focus on PERMA already - but what is it? Access free financial resources and the episode transcript: https://bit.ly/ymyw-512 LIMITED TIME OFFER: DOWNLOAD The DIY Retirement Guide before the Special Offer changes on Friday January 17, 2025! SCHEDULE your Free Financial Assessment ASK Joe & Big Al for your Retirement Spitball Analysis SUBSCRIBE to YMYW on YouTube DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE YMYW Newsletter Timestamps: 00:00 - Intro: This Week on the YMYW Podcast 01:09 - What's the Risk with Business Company Development (BDC) Funds? (Edward, IL) 04:04 - T-Bills, Decumulation, IRAs, and Investing Strategies (Pebbles & Bam Bam, Kentuckystone) 11:21 - LIMITED TIME OFFER: Download the DIY Retirement Guide by Friday, Jan 17, 2025! 12:24 - I'm 34. Are My Investments Appropriate for My Time Horizon? (Keith, CT) 18:22 - Multi-Year Guaranteed Annuity (MYGA) Retirement Withdrawal Strategy for Dad (Gus in Philly) 22:34 - Just Buy MYGAs and Bonds and Don't Pay an Advisor (comment from Ken, YouTube) 27:36 - Schedule a Free Financial Assessment with Pure Financial Advisors, Learn More about Pure's Fees and Services 28:47 - State Taxes vs. State of Residency (comment from Greg, Temecula) 30:17 - Favor Questions from People with Less than $6M Please (comment from Ed, YouTube) 31:08 - Prorated Sale of Primary Residence (comment from Keith, YouTube) 33:01 - $1M Bonds vs. $40K/yr Pension (comment from Keith, YouTube) 34:54 - Focus on PERMA Already (comment from 7SideWays, YouTube) 36:11 - YMYW Podcast Outro

In this episode, The Annuity Man discussed:  What a MYGA and SPIA is  MYGA to SPIA Strategy  Flexibility and Control    Key Takeaways:  MYGA is the annuity industry's version of a CD, offering locked-in, non-callable interest rates annually. SPIA is the original lifetime income annuity, with a long history dating back to Roman times and used for pension payments. Use a MYGA to lock in a guaranteed interest rate for a specific duration, such as five years then take out interest or up to 10% penalty-free, depending on the specific MYGA. At the end of the duration, the Myga can be transferred to a SPIA, with a non-taxable event transfer. The MYGA to SPIA strategy takes advantage of the control and flexibility that these two products offer. MYGAs and SPIAs also do not have any annual fees, which makes them very cost-effective.    "You can have your cake and eat it too - just a few bites. You can protect the principal. You can peel off interest, if needed, during that duration of the MYGA, and at the end of that term, you have full control of the asset." —  Stan The Annuity Man.    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man discussed:  How different your life could be with more money  Retiring from work and the markets Investing safely and smartly  Living off of guarantees    Key Takeaways:  People in the news and most financial advisors will tell you always to keep money in the markets, but you have to ask yourself this: will more money make your life any different?  If you love the ups and downs of the markets and treat it like a passion or a hobby, then it's alright to stay in it, but most people out there should be retiring both from work and the markets. When you invest money in the market, invest an amount that you won't care about, something that won't keep you up at night or upset your plans if you lose.  Remember the trifecta of safe money: MYGAs, CDs, and treasuries, which you can get at treasurydirect.gov. These three provide guaranteed annual interest rates, and you can live off of these guarantees.    "Retire from your job, retire from the markets. Live your life. There are no U-Hauls behind hearses; you can't take it with you." —  Stan The Annuity Man.         Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator! 

In this episode, The Annuity Man discussed:  Lifetime income and principal protection  Return of your money  Peeling of the interest to solve income needs    Key Takeaways:  Annuities aren't only for lifetime income, some products just protect the principal like a MYGA or a Fixed Annuity.  With lifetime income, annuity companies are on the hook to pay a return OF your principal plus interest as long as you are breathing.  Will peeling off the interest, never touching the principal, and getting a return ON your money solve your income needs? MYGAs give you the option to lock in interest rates for one year up to ten years.    "If you choose the return ON then all we're going to have to do at the end of the maturity of that MYGA is roll it to another MYGA and hope that rates are at a good level. If rates go down, we can always transfer that [MYGA] to an immediate annuity for lifetime income. So you can play both sides a little bit." —  Stan The Annuity Man.    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man and Terry Savage discuss:  What is “chicken money”? Considering future crises in your financial plan  Seeking trusted advisors  Building an income floor    Key Takeaways:  Your “chicken money” is money that you can't afford to lose. CDs, treasury bills, money markets, AAA municipal bonds, and MYGAs are suitable options. MYGAs and CDs are great for principal protection and tax deferral benefits. Focus on having an income floor and principal protection in retirement plans.  It's important to consider possible future financial crises and plan for them, regardless of political outcomes. Social Security is a primary source of retirement income.  Seek trusted financial advice from fiduciaries who fully disclose costs and operate on a fee-only basis. See to it personally that you are able to customize your financial plan according to your goals.  Have an income floor to protect yourself against market fluctuations and ensure financial stability. Social Security is a strong foundation for retirement income. Build on it with guaranteed products. Consider both the short-term and the long-term in your financial plan.    "Chicken money, by definition, is money you cannot afford to lose, and as such, it belongs in things like short-term CDs, treasury bills." —  Terry Savage   Connect with Terry Savage: Website: https://www.terrysavage.com/  YouTube: https://www.youtube.com/user/TerryTalksMoney  LinkedIn: https://www.linkedin.com/in/thesavagetruth/  Twitter: https://twitter.com/Terrytalksmoney  Facebook: https://www.facebook.com/The-Savage-Truth-190870517609983/  New Book Link: https://www.amazon.com/gp/product/1119645441/ref=pe_2313400_441222210_em_1p_0_lm   Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator! 

In this episode, The Annuity Man discussed:  Locking in for three years and over  The top three safest money  When to go for CDs and treasuries    Key Takeaways:  Ask yourself how long you want to lock the money in for. MYGAs provide the highest contractual guarantee if it's three years and over compared to CDs and treasuries.  The safest money out of all three would be treasuries, the second safest money is CDs, and the third safest would be MYGAs. Buy treasuries only from treasurydirect.gov.  If you're going to lock in money for three years and in, the better option would be to go for CDs and treasuries because if it's less than three years, MYGAs historically will not provide the highest contractual guarantee.    "Three years and in CDs and treasuries three years and out multi-year guarantee annuities." —  Stan The Annuity Man.        Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

Jim and Chris sit down to discuss listener questions relating to Social Security benefits, WEP, HSAs, MYGAs, and their retirement planning process. (9:15) Chris begins the show by describing a current situation where he is trying to help someone with filing for Social Security and Medicare after spending most of their life going by a […] The post SS Benefits, WEP, HSAs, MYGAs, and Retirement Planning: Q&A #2432 appeared first on The Retirement and IRA Show.

In this episode, The Annuity Man discussed:  What does it mean to live off the interest?  Living off guaranteed interest  When interest rates go down  If you can't live off of the interest   Key Takeaways:  At the time of this taping, some money markets are 4, some CDs at five, and some MYGAs at five and a half. A lot of you out there have enough funds that whatever interests you can take off of those products is sufficient, and you never have to touch the principal.  There's no guaranteed return with index annuities, variable annuities, or buffer annuities. That doesn't mean they're bad products, but if you can live off of a guaranteed interest, why not do that?  When you lock in at a certain interest, it doesn't matter if the interest rates go down in the market - you'll benefit from what is contractually guaranteed.  Suppose we can prove mathematically that we can't hit your goal from living off of the interest. In that case, that's when we'll look for contractual guarantee products for lifetime income because they'll provide a higher payback of your money.    "You're going to ride that peeling off the interest as long as you can. You're gonna ride that train of never touching the principal and never paying a fee as long as you can, and if rates go down, then we will pivot " —  Stan The Annuity Man.        Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode of Protect Your Assets, host David Hollander unpacks the complexities of fixed indexed annuities amidst a soaring stock market. As the S&P 500 reaches unprecedented highs, listeners are eager to participate in the gains without risking their entire investment. David addresses the mixed sentiments surrounding annuities, often seen as a financial enigma, by separating myths from facts. He introduces five strategic ways to invest in the market, with a special focus on fixed-indexed annuities as a tool for protecting against loss while still capturing potential upsides.   Additionally, David explores the impact of interest rate changes, the concept of MYGAs (multi-year guaranteed annuities), and how annuities may be beneficial for your financial planning. Whether you're considering entering the market, seeking to protect your gains, or curious about annuities, this episode offers valuable insights into making informed decisions in a volatile market environment.  You can send your questions to questions@pyaradio.com for a chance to be answered on air.   Catch up on past episodes: http://pyaradio.com    Liberty Group website: https://libertygroupllc.com/   Attend an event: www.pyaevents.com   Schedule a complimentary 15-minute consultation: https://calendly.com/libertygroupllc/scheduleacall/  See omnystudio.com/listener for privacy information.

Jim and Chris discuss listeners questions relating to Social Security, Roth conversions, taxes, CRTs, beneficiaries, and MYGAs. (2:45) A Texan listener looks for clarification on a Social Security spousal benefit for someone not living in the US, marrying someone who is not a US resident. (10:15) George from Massachusetts asks about converting after-tax dollars and […] The post Social Security, Roth Conversions, Taxes, CRTs, Beneficiaries, and MYGAs: Q&A #2403 appeared first on The Retirement and IRA Show.

Jim and Chris sit down to discuss listeners questions relating to Social Security, IRMAA, QLACs, MYGAs, and taxes. (13:30) A Mississippi listener asks if his wife will have to pay back her Social Security benefit after going back to work. (26:00) A Virginian listener asks about the latest possible dates he can use when filing […] The post Social Security, IRMAA, QLACs, MYGAs, and Taxes: Q&A #2348 appeared first on The Retirement and IRA Show.