Hi guys, Welcome to the Advanced Video Search Engine, and you are watching MYGA Annuity Rates Compared | Get The BEST Return on Investment. That video is uploaded by The Guaranteed Retirement Guy - John Stevenson at 2024-01-05T18:00:23-08:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [vpjQ1RkqGv0]
| Name | MYGA Annuity Rates Compared | Get The BEST Return on Investment |
| Video Uploader | Video From The Guaranteed Retirement Guy - John Stevenson |
| Upload Date | This Video Uploaded At 06-01-2024 02:00:23 |
| Video Discription | Like what you hear in the video? Here are some ways I can help: 1. Watch my free training on how to protect & grow your wealth in retirement: https://info.theannuityassociates.com/start 2. Schedule a call to work with me: https://go.oncehub.com/RetirementStrategyCall CONNECT WITH JOHN: Call John The Guaranteed Retirement Guy: 702-819-0895 Website: https://johnstevenson.com Email: john@johnstevenson.com Facebook: https://www.facebook.com/guaranteedretirementguy Instagram: https://www.instagram.com/guaranteedretirementguy Twitter: https://twitter.com/theguaranteeguy Tiktok: https://www.tiktok.com/@guaranteedguy #annuity #guaranteedincome #retirement In this video, you’ll learn how to compare Multi-Year Guaranteed Annuity (MYGA) rates and find the best MYGA annuity for your situation. Summary - MYGA (Multi-Year Guaranteed Annuity) rates are fixed, shielded from market volatility, and influenced by prevailing interest rates, term length, and the insurer’s credit rating. - When MYGA annuities are compared to other fixed annuities (such as fixed indexed annuities), they offer stable growth and are typically more predictable, making them suitable for those seeking consistent retirement savings growth. - When choosing a MYGA annuity, consider factors such as the guarantee period, interest rate, insurer’s financial strength, and withdrawal options to ensure an informed decision and maximize returns. Understanding MYGA Annuity Rates A MYGA (Multi-Year Guaranteed Annuity) is a financial product that combines the security of an insurance company with the predictability of fixed interest rates. Here’s how multi year guaranteed annuities work: Make an initial premium payment. The insurance company will apply a fixed interest rate to your account throughout your chosen term. This agreement guarantees the growth of your investment at a fixed rate, ensuring consistent appreciation throughout the annuity term. Moreover, the growth within a MYGA annuity enjoys tax deferral, which allows for tax deferred growth. This means that the interest accumulates without immediate tax implications, allowing your assets to benefit from compound interest. Taxes are only paid when you start receiving distributions, further enhancing the growth potential of your investment. What influences MYGA rates, and how do they stack up against fixed indexed annuities? Let’s find out… Factors Affecting MYGA Rates MYGA rates are influenced by several factors, one of which is the prevailing interest rate environment. MYGA annuities offer a guaranteed interest rate for a specific duration, meaning they are less exposed to market risk compared to other investment options. Nonetheless, current interest rates directly affect them. Another factor influencing MYGA rates is the term length. MYGAs, being a type of deferred annuity, typically provide higher yields for longer term lengths compared to shorter ones. Additionally, the credit rating of the insurance company can also affect MYGA rates; companies with a lower credit rating may offer higher rates to attract customers. How MYGA Rates Compare to Fixed Indexed Annuities In the realm of fixed interest rates, MYGAs distinctly differ from fixed indexed annuities. MYGAs provide a consistent fixed rate for a predetermined period, ensuring stable growth throughout the specified term, free from any fluctuations in rates. On the other hand, traditional fixed indexed annuities offer a minimum guaranteed rate along with a fluctuating current rate that can change based on market conditions. Thus, if you’re seeking a predictable and stable growth option for your retirement savings, MYGA annuities may be the preferred choice. Need help finding the best MYGA annuity rate? Watch this short video to see how I can help you do this (at no cost to you!) Top MYGA Annuity Providers and Their Rates The MYGA marketplace features several prominent providers offering competitive rates. As you can see, some of the top MYGA providers include: Americo Financial: currently offering the most competitive annuity rate at 5.95% Clear Spring: offering attractive fixed annuity rates in the 5 to 10 year range Royal Neighbors: also offering attractive fixed annuity rates in the 5 to 10 year range However, these rates can change each month and can differ depending on how long you defer withdrawals. So it’s important to schedule a call to go through the latest and best rates specifically for your unique situation. Before committing to invest, understanding the flexibility and withdrawal options these providers offer is vital. These factors can significantly impact your ability to access your funds and should, therefore, be considered carefully. https://johnstevenson.com/myga-annuity-rates/ vpjQ1RkqGv0 |
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