{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"The 8th Wonder of the Annuity World: Shootin\u2019 It Straight With Stan","description":"What if the cash sitting in your checking account could compound year after year without the IRS taking a cut of the interest every year? Stan, The Annuity Man, explains how Multi-Year Guarantee Annuities make that possible. &amp;nbsp;&amp;nbsp; In this episode, The Annuity Man discussed:&amp;nbsp;   The PILL framework: principal protection, income for life, legacy, long-term care   MYGAs as the annuity industry's version of a CD   Tax-deferred compounding for non-qualified money   Taking interest out, turning it on and off, and moving to a new MYGA without paying tax   Why MYGA rates can be higher than CD rates   &amp;nbsp; Key Takeaways:&amp;nbsp;   Buy an annuity for what it will do, not what it might do. Annuities are contracts that shift risk to the insurer. They aren't tools for market growth.   CD and money market interest is taxed every year. MYGA interest in a non-qualified account grows and compounds with taxes deferred.   You don't have to take anything out when the term ends. You can move the money into another MYGA without paying tax, and it keeps compounding.   Need income for a while? You can take interest off the top and keep your principal, then switch the payments off when you no longer need them.   MYGA rates can beat CD rates because insurance companies back them with other profit centers. That doesn't make MYGAs better than CDs. It just makes them a strong fit for non-IRA cash.   &amp;nbsp; &quot;Multi-year guarantee annuities - it is the biggest no-brainer of all time and the greatest example of the eighth wonder of the annuity world, which is compound interest.&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! ","author_name":"Fun With Annuities\u00ae - 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\/43089698\/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\/43089698"}