{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Why You Should Never Annuitize a MYGA: Shootin\u2019 It Straight With Stan","description":"If you own a multi-year guarantee annuity (MYGA) or are thinking about buying one, this episode could save you from a costly mistake. Discover why annuitizing a MYGA internally is rarely in your best interest\u2014and how a simple MYGA-to-SPIA strategy can unlock the highest contractual guarantees for your retirement income. &amp;nbsp;&amp;nbsp; In this episode, The Annuity Man discussed:&amp;nbsp;   Definition and purpose of a MYGA (multi-year guarantee annuity)   Why internal annuitization quotes are usually uncompetitive   The MYGA-to-SPIA strategy using a 1035 exchange   Focusing on contractual guarantees over brands and brochures   Using an independent quoting process across all carriers   &amp;nbsp; Key Takeaways:&amp;nbsp;   A MYGA is best used as a principal protection tool with a guaranteed interest rate, not as a product you annuitize internally for lifetime income.   Internal annuitization quotes from MYGA and other deferred annuity carriers are typically uncompetitive compared to independently quoted single premium immediate annuities.   A MYGA-to-SPIA approach\u2014using a 1035 exchange to move from a matured MYGA into the highest paying immediate annuity\u2014can help secure superior lifetime income guarantees.   The smartest annuity decisions are made by focusing on contractual guarantees instead of company names, product labels, or glossy marketing materials.   Relying on a broad, apples-to-apples quote across highly rated carriers helps avoid lazy or biased recommendations that may cost you long-term income.   &amp;nbsp; &quot;With annuities, you're buying it for the contractual guarantees. Period.&quot; \u2014&amp;nbsp; Stan The Annuity Man &amp;nbsp; Connect with The Annuity Man:&amp;nbsp; Website: http:\/\/theannuityman.com\/&amp;nbsp; Email: Stan@TheAnnuityMan.com&amp;nbsp; Book: Owner\u2019s Manuals: https:\/\/www.stantheannuityman.com\/how-do-annuities-work YouTube: https:\/\/www.youtube.com\/channel\/UCCXKKxvVslbeGAlEc5sra2g&amp;nbsp; Get a Quote Today: https:\/\/www.stantheannuityman.com\/annuity-calculator!&amp;nbsp; ","author_name":"\u201cFun With Annuities\u201d The Annuity Man Podcast","author_url":"https:\/\/www.TheAnnuityMan.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/41706355\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/41706355"}