Kick the Tax Can Forever With MYGAs: Shootin’ It Straight With Stan

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Welcome to Shooting It Straight with

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Stan. I am your host Stan the Annuity

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Man. America's annuity agent licensed in

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all 50 states. The top independent agent

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in the country and some even say the

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tallest. I'd like to say thank Zeke

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behind the camera. He's always helping

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me out to get these things edited

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correctly even though I make no

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mistakes. Today's topic is kick the tax

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can forever

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with MAS.

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What's a MA stamp? MA multi-year

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guarantee annuity. This is it's the

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annuity version of a CD.

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Um fixed rate, no moving parts, no

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market attachment. You know, you can

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lock it in for one year, two year, three

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year, four year, 5 year, six year, all

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the way up to 10. In our case, you can

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go to my site at theanuityman.com and

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shop to your heart's content. Just pull

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up your state, put in the duration, and

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see what the best carriers are that are

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out there. Now you're saying to

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yourself, Stan, the annuity man,

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America's annuity agent. Oh yeah, you're

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licensed in all 50 states. Stan, what's

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the difference between a CD and a MA?

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Well, the difference is in a nonIRRA

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account, that would be non-qualified for

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you sophisticated people out there.

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Nonqualified account with CDs, the

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interest that you earn is taxable.

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With Migas, multi-year guarantee

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annuities, the annuity industry version

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of a CD, that interest can roll tax

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deferred in a nonIRRA account. So, in

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essence, you can kick the tax can down

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the down the road, as they say in the

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South. Kick kick the can down the road,

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son. You know what I'm saying? Or if

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you're a Canadian is is uh I guess push

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the puck down the ice forever. What are

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you talking about, S? What are these

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crazy sayings? I've got more if you want

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them. told my uh I told my uh my buddy

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Zeke behind the camera, he said I said

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to him, I said, "Zeek, I got to go see a

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man about a dog, son." And he goes,

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"What does that mean?" I said, "That

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means I got to go to the bathroom."

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[laughter]

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He's like, "What are you talking about?"

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I mean, he's from Hawaii. They don't

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even speak. He goes, "I don't even know

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what they speak over there." But here's

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the thing. Give you an example. Let's

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just say I don't want to pay taxes,

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Stan. I'm a patriot fought the war,

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faulting the big one over there. But I

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don't want to pay tax any more than I

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have to. I want to defer taxes. Okay,

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with the MAS, you can defer the taxes.

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So, you let's just say you bought a

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5-year MA. So, you you get interest that

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compounds annually, okay, for five

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years. At the end of the five years,

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we're going to call you up and say, uh,

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hey, how you doing there, Chester? What

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do you want to do with that thing?

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Do you want your money back? Do you want

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to transfer it? What do you want to do?

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Or do you want to kick the can down the

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road? And if you say, "I want to kick

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the can, son." What that means is

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all that interest you've earned will

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transfer to another annuity, another

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MGA. And by the way, the IRS has deemed

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that a 1035 transfer, which means non

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taxable event. Doesn't trigger any

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taxes. So you go from one MA that's been

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earning and deferring,

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then you go to the next MA. Cost basis

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transfers with it. And you do it again

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and you do it again and you do it again

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and you do it again.

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No, it's not too good to be true. It's

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called the law. You can do that. Okay. I

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always tell people if you think the NRA

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is is is big on Capitol Hill, no,

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they're not. It's the insurance lobby.

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They don't need guns. They got money.

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Okay. So, they go this tax deferral

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thing is not going away. I don't care

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who's in office. They're not going to

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touch it. I guess that's the if the

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fifth rail is social security, the sixth

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rail is tax deferral. It's not going to

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it's just not going to happen. So if you

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said, "Wait a minute. So what do you

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wait? So, what you're saying to me in

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English, easy to understand English, is

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is I could go 20 years and just roll

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from one five-year MA to another

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five-year MA to another 5-year MA to

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another 5-year MA with nonIRRA money

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using the IRS approved chunk 1035 rule

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and never pay taxes on any of that

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interest I'm earning and deferring and

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compounding. Stan, please tell me that's

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true. It's true.

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It's true. It's It's true.

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So, you can kick kick the tax can down

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the road, player, and if you're in the

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frozen tundra, you can push the tax puck

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down the ice.

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Infin item. By the way, Zeke, that means

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forever. Now, Zeke's like, "Infan item?

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I I have not seen that ban yet." No,

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it's it's forever, Zeke. Okay. So, the

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point is with Migas in nonIRRA accounts,

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you can kick that tax can down the road

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and the IRS is like they're they're like

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in the office going, he's deferring

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again. He rolled it again.

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I mean, I guess I feel for them a little

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bit because they are our friends.

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But that's a legal way to do it. Now, if

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you say, "Wait a minute, Diane. Can I

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take money out?" Yeah, sure. You can

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take money out of the MA. you know, all

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mortgage division. Some allow you to

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take 10%, some allow you to take the

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interest, blah blah blah. Bottom line is

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there's liquidity provisions. Okay? So,

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you can do that, but you don't have to.

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It's like my my uh when my daughters are

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growing up, like, hey, I'd really like

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to do that. I I will if I want to, but I

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don't have to. Exactly. Same thing with

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my goods. You don't have to. You can.

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And if you pull money out, it's last and

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last in first out, gains first. You're

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paying ordinary income taxes. But

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there's a lot of you out there going,

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"Stan, you know what, son? You hit the

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button on this one, son. You rung the

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bell. I don't want to pay taxes, but I

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want to protect my principal. I want to

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get an interest rate that's fair and

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good." And by the way, my migas are fair

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and good. Check the site

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theanuityman.com.

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And I just I just want to let it I just

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want to watch it grow. It's pretty good

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legacy play, too. If you think about it,

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Chester, you can just let it grow grow.

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Roll. It's not row row row your boat.

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It's roll your mga. Is that right, Zeke?

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I don't want to sing here, but you I'm

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trying to prove a point. That's a point.

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I'm trying to prove a point. Last thing,

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go to my site, theanuityman.com. I've

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written a income,

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Zeke, I've written a lot of books. Ma

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owners manual. Okay, you can download

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the Manga Owners Manual. I've written

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one on income writers and all index

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annuities, but go there, download the MA

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owners manual. Go to my site. You can

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watch and and you can get the the live

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feed of the migrates in your specific

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state. You can watch MGA videos. Bottom

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line is you can schedule a call a free

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consultation with my experts that's been

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trained by me and maybe you hit the

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lottery and get me like this week. We

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had one person that was out with the flu

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and guess who filled in and see we had

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two people go I don't believe that's you

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stand that sounds like AI. AI for us

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means actual individuals. Okay. We're

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not that savvy. We're pretty savvy.

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We're not that savvy. So, Miggas, how do

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you kick the tax can down the road

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forever? Roll, roll, roll your MA. Just

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that'll stick in your head for the for

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the rest of the time, right?

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You know, that's that's what I do. I

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point out the obvious, the contractual

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obvious to make your lives better. My

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name is Stan the Annuity Man. See you

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next time.