Tag: tax deferral

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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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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