Tag: retirement

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 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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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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June 26, 2014 by nina avery

Should I exchange my existing annuity for a new one? Read this first!

By Nina Avery, CFP® My partner and I were recently contacted to give a second opinion and explain a proposed annuity exchange to a confused consumer.  If you have been contacted to exchange your annuity please contact us for a second opinion at Nina@montanalifegroup.com or Troy@montanalifegroup.com.  We will be happy to evaluate your case and

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June 15, 2014 by nina avery

Protect the Ones You Love and Create A Secure Retirement at the Same Time

  Written by: Nina Avery, CFP® Less than a week before my dad died he asked me to make sure he had done everything he could to protect my mother and make sure she was taken care of financially.  I don’t know if he knew he was going to die or if it is just

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May 7, 2014 by Troy Baccus

What is a Multi-Year Guaranteed Annuity (MYGA)?

There are many different types of annuities. One popular type of annuity is called a Multi-Year Guaranteed Annuity, or MYGA. In this post we answer the question “What is a MYGA?” and we will try to show when it is appropriate to use a MYGA as a savings vehicle.   View current MYGA Rates here>>

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