Annuities Blog

March 29, 2017 by Brad Gunning

3.10% Guaranteed Rate MYGA

We currently have access to a unique fixed annuity which is paying a higher than average interest rate. This opportunity offers guaranteed growth with no stock market risk and also no fees. What I like most about this type of annuity is the relatively short time commitment involved. Current Multi-year Guaranteed Annuity (MYGA) Rates: 3

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July 8, 2016 by Brad Gunning

Common Retirement Mistakes

The USA Today published an article titled Seven Big Mistakes Couples Make in Retirement. While the agents at Montana Life Group likely can’t help with Mistake #1 (couples that never talked to each other about retirement), we certainly can be a useful tool in avoiding Mistakes #3 (couples that didn’t do proper financial planning), #4

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June 27, 2016 by Brad Gunning

Video Guide to MYGAs

If you have 15 minutes and you’re interested in a MYGA 101 course, you’ve come to the right place. The above video dives into the following topics regarding MYGAs: 1. What is a MYGA? To start, the video defines MYGA: a multi-year guaranteed annuity. Specifically, it’s a type of fixed annuity with a guaranteed interest

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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 13, 2016 by Brad Gunning

At What Age Should You Purchase an Annuity?

Perhaps you like the security of a guaranteed annuity over fluctuations in the stock market. Maybe you’re looking to move money from a low interest savings account or CD into a higher interest annuity. Regardless, you’re intrigued by the prospect of annuities, but aren’t sure if now is the right time in your life to

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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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June 3, 2016 by Troy Baccus

New Medigap Insurance Website

www.Medigap-Insurance-For-Medicare.com   We are pleased to announce our newest website dedicated to helping consumers shop for Medicare Supplement Insurance. The site has a regularly updated blog which will provide useful information for Medigap Insurance shoppers.   Our approach to Medicare Supplement Insurance Our approach to Medicare Supplement (MedSupp) insurance is the same as it is

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April 5, 2016 by Troy Baccus

What is a Multi-Year Guaranteed Annuity or MYGA?

A popular type of annuity is called a Multi-Year Guaranteed Annuity, or MYGA. Below we’ll explore the question “What is a MYGA?” and give examples of when it’s appropriate to use a MYGA as a savings vehicle.     What Does MYGA Stand for? MYGA stands for “Multi-Year Guaranteed Annuity.” It is a fixed annuity, meaning it has a

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May 18, 2015 by Troy Baccus

5 Reasons to Lock in Gains Now

We have had a nice run in the stock market since the housing crisis. Hopefully you were able to take full advantage of the growth experienced in the equities markets. Even if your portfolio hasn’t experienced double-digit growth over the past few years, you might be well-advised to take a more conservative approach for the years

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