The Magic of Multi-Year Guaranteed Annuities (MYGAs)

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About Eric Hutter

CFF®
Eric Hutter is the host of the Safe Money Radio Show, a national presenter of Safe Money Concepts. He is proud to help individuals across the nation protect their retirement savings. “Over the decades, I have guided people to protect millions in retirement assets, not one of these people ever lost a dime to market fluctuations. There is great joy in being able to help people have peace of mind about their financial future.” He and his wife, Laura, reside in Florida. They are family-oriented and proud to be closely connected to their 14 nieces and nephews. They are enjoying activities such as boating, fishing, biking, hiking, and reading.

“The best time to plan for retirement was yesterday; the next best time is now.”

Do you want to invest in your future without being kept up at night worrying about market volatility? If you answer ‘yes,’ then a Multi-Year Guaranteed Annuity (MYGA) might be the perfect retirement planning tool.

MYGAs are a type of fixed annuity that guarantees a specific interest rate for a predetermined period, typically 3-10 years. This key feature sets MYGAs apart from other investment options and provides unique benefits to investors.

Peace of Mind Through Guaranteed Returns

The primary advantage of MYGAs is the guaranteed return. With a MYGA, you will know the amount of money you will receive at the end of your term. This feature lets you accurately plan your retirement income, eliminating any guesswork associated with market-linked investments.

Safeguard Your Principal

MYGAs protect your initial investment or principal amount. Regardless of economic downturns or market fluctuations, your initial investment stays intact. This feature offers invaluable peace of mind, especially for retirees and pre-retirees who prioritize the safety of their capital.

Tax-Deferred Growth

With MYGAs, your interest earnings are taxed once you withdraw them. This allows your investment to grow more quickly than it would in a taxable account. And since most people fall into a lower tax bracket post-retirement, you may pay less tax on your interest earnings.

Flexibility

MYGAs allow you to choose the term that best aligns with your financial goals. Whether you want your money to grow for three years or ten, MYGAs will enable you to decide. Moreover, many MYGAs offer withdrawal provisions where you may withdraw up to 10% of your account value annually without penalty.

Stability and Security

MYGAs are not linked to the stock market, providing insulation from market instability. They offer a stable, secure way to grow your savings. Plus, MYGAs are backed by the financial strength of the insurance company that issues them and are typically covered by state guaranty associations.

Take the Next Step

In the vast landscape of retirement planning, MYGAs stand as a beacon of stability and growth. If you’re a retiree or pre-retiree seeking to fortify your financial future, considering a MYGA might be a game-changing decision.

However, it’s essential to remember that MYGAs, like any financial product, should be tailored to your unique needs and circumstances. To unlock their full potential, professional advice is invaluable.

Contact a trusted agent today and take the first step toward securing your financial future. Let’s take the fear out of finance and the uncertainty out of your golden years. Because you deserve a retirement that’s as exceptional as the life you’ve led.

  • Multi-Year Guaranteed Annuities (MYGAs) are a secure investment option, providing guaranteed returns, tax-deferral, flexibility, and safety, ideal for retirees and pre-retirees seeking predictable income and financial stability.
  • MYGAs may offer a steady, reliable income stream during retirement, complementing other savings and reducing financial stress by providing protection against market volatility.
  • Engaging with a trusted financial agent to explore the benefits of MYGAs may be a pivotal step towards secure, worry-free retirement planning.

Many people have learned about the power of using the Safe Money approach to reduce volatility. Our Safe Money Guide is in its 20th edition and is available for free.  

It is an Instant Download.  Here is a link to download our guide: 

Safe Money Guide – Annuity.com

About Eric Hutter

Eric Hutter is the host of the Safe Money Radio Show, a national presenter of Safe Money Concepts. He is proud to help individuals across the nation protect their retirement savings. “Over the decades, I have guided people to protect millions in retirement assets, not one of these people ever lost a dime to market fluctuations. There is great joy in being able to help people have peace of mind about their financial future.” He and his wife, Laura, reside in Florida. They are family-oriented and proud to be closely connected to their 14 nieces and nephews. They are enjoying activities such as boating, fishing, biking, hiking, and reading.

View The Best Annuity Rates Available Now

Annuities are a safe and reliable investment. They can transform your savings into a more predictable income. Speak with one of our qualified financial professionals today to find out how an annuity can offer you guaranteed monthly income for life.

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Content in our posted articles is deemed to be accurate but topics, facts and laws can change. It is always a good idea to verify facts before making decisions. Always seek authorized and professional advice regarding financial decisions which includes investing, annuity purchases, tax planning, changes in a financial portfolio and retirement planning.

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