Tag: annuity
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
…read more »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
…read more »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
…read more »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 fixed interest
…read more »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
…read more »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
…read more »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
…read more »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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