Understanding the Pros and Cons of Annuities with Stan Haithcock
Sound Investing
Exploring the Benefits of Multi-Year Guarantee Annuities (MIGAs)
This chapter delves into the concept of MIGAs, highlighting their similarities to CDs for safety-seeking investors, tax advantages, historical yields, and pricing by life insurance companies. It emphasizes the importance of laddering strategies, managing investments over time, tax implications, and transitioning between different annuity products. The discussion underscores the importance of contractual guarantees over potential growth and advises against variable annuities in favor of MIGAs for safety and lifetime income.
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