How The MYGA Annuity Fits Into Your Portfolio
What Is A MYGA Annuity? A MYGA (Multi-Year Guaranteed Annuity) is a type of fixed annuity that locks in a specific interest rate for a set period (usually 3-10 years), offering predictable, tax-deferred growth similar to a Certificate of Deposit (CD) but with tax advantages, making it a safe option for conservative retirement savers seeking stability over market volatility.
Who Should Consider A MYGA Annuity?
You need your principal guarantee with no risk of market loss but want compound interest.
Within 5 years of retirement and don’t want to risk your investments in the market
You have a big future purchase ahead like a down payment on a house and will need the cash in 3 to 10 years but can’t risk losing the money.
You want safe predictable tax deferred growth
How it Works
Single Premium: You typically make a one-time payment (premium) to the insurance company.
Guaranteed Rate: The insurer guarantees a fixed interest rate for your chosen term (e.g., 3, 5, 7 years).
Tax-Deferred Growth: Your earnings aren't taxed until you withdraw them, allowing for faster compounding.
No Market Risk: Your principal and credited interest are protected from stock market fluctuations.
Liquidity: Most MYGAs allow for penalty-free withdrawals of a certain percentage (e.g., 10%) each year after the first year, and often have provisions for severe situations like nursing home care.
End of Term: At the end of the guarantee period, you can renew at a new rate, withdraw funds.
Secure Your Retirement with the Right Income Annuity Plan: You've saved all your life for the opportunity to retire. But most people don't know how to retire financially. Their biggest fear, living too long and running out of money. That's where we come in. We are income planners for the middle class. We know most financial advisors have a minimum balance of over $500,000 which most pre-retirees just don't have. If you are looking for an income plan that is safe and guaranteed to last the rest of you and your spouse's lives, call us at Safe Harbor Retirement.
For A Worry Free Retirement: We are a boutique retirement agency specializing in helping the middle class. Our Four Step Process helps people with Retirement Planning, Medicare Benefits, Long Term Care and creating Lifetime Income. We take pride in doing what is best for our clients and being a veteran owned company.
Our Services:
Income Planning
Insurance
Medicare Benefits
Long Term Care
Schedule A Free Consultation Today!
850.270.8625 (Monday - Saturday 8AM - 7PM CST)
Florida License Number G-281926 & National Producer #21749645
Secure Your Retirement with the Right Income Annuity Plan: You've saved all your life for the opportunity to retire. But most people don't know how to retire financially. Their biggest fear, living too long and running out of money. That's where we come in. We are income planners for the middle class. We know most financial advisors have a minimum balance of over $500,000 which most pre-retirees just don't have. If you are looking for an income plan that is safe and guaranteed to last the rest of you and your spouse's lives, call us at Safe Harbor Retirement.
For A Worry Free Retirement: We are a boutique retirement agency specializing in helping the middle class. Our Four Step Process helps people with Retirement Planning, Medicare Benefits, Long Term Care and creating Lifetime Income. We take pride in doing what is best for our clients and being a veteran owned company.
Our Services:
Income Planning
Insurance
Long Term Care
Schedule A Free Consultation Today!
850.270.8625 (Monday - Saturday 8AM - 7PM CST)
Florida License Number G-281926 & National Producer #21749645
