Annuities vs. CDs

Annuities vs. CDs

Let's talk about annuities versus CDs. Annuities, you can't say annuities. It's like saying restaurants. Okay? It's like saying trucks. It's like saying shoes. Annuities have many different types. But let's talk about the type you can compare to a CD. The annuity industry has its own version of its CD. It's called a Multi-Year Guarantee Annuity. MYGA is the acronym.
Traditional or Reverse MYGA Ladder Strategies: Shootin' It Straight With Stan

Traditional or Reverse MYGA Ladder Strategies: Shootin' It Straight With Stan

Welcome to Shooting it Straight with Stan. I'm your host Stan The Annuity Man, America's annuity agent licensed in all 50 states. Today's topic is 'Traditional or Reverse MYGA Ladder Strategies', so traditional laddering strategies with MYGAs or reverse MYGA strategies. I'm going to explain both.
High Rates for How Long: by Terry Savage

High Rates for How Long: by Terry Savage

Do you have “chicken money” – money that you want to protect from risk? If so, it should be in short-term CDs, or money market accounts, or short term Treasury Bills – IOUs from the Federal government. Those are the safe places to stash your cash.
MYGAs-are-NOT-Callable:-Shootin'-It-Straight-With-Stan

MYGAs are NOT Callable: Shootin' It Straight With Stan

Today's topic is MYGAs are NOT Callable, and this is very important in the world that we're living in right now with rising interest rates and people wanting to lock them in. What do you do? How do they differ from bonds or CDs or things like that?
Retirement Withdrawal Strategies: MYGA

Retirement Withdrawal Strategies: MYGA

Today's topic is retirement withdrawal strategies. We're talking about MYGAs, Multi-Year Guarantee Annuities. We will go through how you can use MYGAs for your retirement withdrawal strategies. That's kind of hard to say. Retirement withdrawal strategies. How about that?
Live off the Interest: Shootin' It Straight With Stan blog thumbnail

Live off the Interest: Shootin' It Straight With Stan

Welcome to another Shooting It Straight With Stan blog. I am Stan The Annuity Man, America's annuity agent, licensed in all 50 states, every single one of them. I do that all the time, and then someone on a YouTube video the other day commented, "Are you licensed in Kentucky?" Yes, I'm licensed in Kentucky, but I'm revved up today because the topic is "live off the interest until you can't." What am I talking about, Stan The Annuity Man? I'm talking about current interest rates.
Push Comes to Shove: Shootin' It Straight With Stan thumbnail

Push Comes to Shove: Shootin' It Straight With Stan

Today's topic comes from a client of mine. I was on a phone call with her today, and she said something, and I said, "Stop. Stop talking. I got to write this down," because most of my really good video and blog ideas come from you. When I get on the phone with you, I use my mouth and ears proportionately, two ears, one mouth. I'm listening to you.
The Differences Between a MYGA and a QLAC thumbnail

The Differences Between a MYGA and a QLAC

A MYGA may be useful for someone looking for a short- term, low-risk investment option with a guaranteed rate of return, while a QLAC may be useful for someone looking to supplement their retirement income.
Adjusting for Inflation With a MYGA

Adjusting for Inflation With a MYGA

I'm amped; I’m ready to go. I feel good because we have a good topic today about Multi-Year Guarantee Annuities and how they solve for inflation, how they can solve for inflation, and at least address it pragmatically and contractually.
Transferring a Maturing CD to a MYGA

Transferring a Maturing CD to a MYGA

Today’s topic is transferring a maturing CD certificate of deposit into an MYGA. Should you do that? Could you do that? Can you do that? How can you do that? Is it suitable? Is it appropriate? Those are all good questions.
MYGA Rates: Navigating Garbage Sales Pitches

MYGA Rates: Navigating Garbage Sales Pitches

So what is a MYGA? It's a Multi-Year Guarantee Annuity, M-Y-G-A. It's the annuity industry's version of a CD. So how do CDs work? You lock in the money for a specific duration, and during that duration, on an annual basis, you get a specific percentage. The same thing applies to MYGAs.
Retirement Withdrawal Strategies: MYGA

Retirement Withdrawal Strategies: MYGA

You know me, you trust me, and you know I'm going to tell you the truth. Today's topic is Retirement Withdrawal Strategies. We're talking about MYGAs, Multi-Year Guarantee Annuities. So, we’ll go through how you can use MYGAs for your retirement withdrawal strategies.
John Lenz: Annuity Insider Strategies for Rising Rates & Inflation

John Lenz: Annuity Insider Strategies for Rising Rates & Inflation

When I started calling John Lenz the “Annuity Architect” a while back, I couldn’t have picked a better description of this mad-smart superstar. First of all, John has the best baritone voice of all time.
Don't Buy Annuity Stories: Shootin' It Straight with Stan

Don't Buy Annuity Stories: Shootin' It Straight with Stan

Today's topic is, "Don't buy annuity stories." That's a big one to unpack, but let's start unpacking it. In the world of sales, everybody that ever talked to me like a manager or salesperson, they're like, "Stories sell. You need to tell stories to the people because they can relate to it.
Inverted Annuity Yield Curve: Shootin' It Straight with Stan

Inverted Annuity Yield Curve: Shootin' It Straight with Stan®

Today's topic is the inverted annuity yield curve. Now, CNBC, Fox Business, and everybody in the newspapers and the Wall Street Journal are just writing these articles about the inverted yield curve. What is that?