Tag: fixed annuities

June 20, 2016 by Brad Gunning

The Power of Tax Deferral

When discussing when you should buy an annuity, we mentioned the tax deferred status of certain accounts. For example, many retirement devices, such as a 401k account or an annuity, allow the taxpayer to defer paying taxes until retirement. Let’s explore why tax deferral is such a powerful tool. Pay Less in Taxes With tax

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June 6, 2016 by Troy Baccus

Limited-Time High Interest Rate MYGA

What is a limited-time high interest rate MYGA? From time to time, an insurance company will have special limited-time offer for a Multi-Year Guaranteed Annuity (MYGA) with a higher interest rate. For example, we were notified by one of our carriers that, beginning June 6, they are offering a MYGA with a 3.15%* interest rate. It’s a 5

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June 5, 2016 by Brad Gunning

What are the Pros and Cons of MYGAs?

We have had a tremendous amount of inquiries regarding Multi-Year Guaranteed Annuities (MYGAs) in the last year. The recent enthusiasm for MYGAs is the result of the sustained low-interest environment we’ve found ourselves in. Below are some of the pros and cons of MYGAs, followed by our recommendation.   Pros of MYGAs: Safe Better interest rates

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December 28, 2014 by Troy Baccus

10 things to ask before buying an annuity

Deciding whether or not to buy an annuity is an important financial decision. Most of the time annuities are purchased based on a recommendation by an insurance agent or financial adviser. But before buying an annuity, ask yourself 10 important questions: 1. Did I shop around? Whether you just met your financial adviser or you’ve been working

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April 15, 2014 by Troy Baccus

Types of Annuities

On April 6, 2014, insurancenewsnet.com issued a press release titled Is an Annuity Right for You?  While the release doesn’t exactly answer the question of who could benefit (or not benefit) from an annuity, it does a great job of concisely defining the various types of annuities.  Here’s a short excerpt from the release: *

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February 24, 2014 by Troy Baccus

Is an Annuity Similar to a Bank CD?

            Our clients often ask us to explain the difference between an annuity and a Certificate of Deposit (CD).  First, let’s define both CDs and annuities. Definition of CD: “A Certificate of Deposit is a written acknowledgment from a bank that it has received from the person named a specified

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