Stan I just love how you are ALL ABOUT THE PEOPLE and transparent with sensitive topics like commissions and other things on your side nobody talks about or is willing to disclose. Thank you for being the trustworthy and honest guy that you are!! 🤩 MYGA-->SPIA who knew?
Stan, I was kicking around this strategy back when interest rates on I-bonds, CD, and High Yield Saving Accounts were starting their boom on high interest rates. I think it's a great way to build, pay no fees, and save on the taxes with growth (from the exchange) but pay it out on the receiving end (can't win them all). Thanks for making a video on it, it makes me feel good that I was thinking in away a smart person would...like yourself, lol.
I think I will use this strategy? CD Rates are "high" for 1 yr or less but then drop off quickly. Locking in current rates for 5-10 yr then switch to SPIA Sounds good.
That could work as well, it depends on the clients situation. Feel free to book a call if you have any questions: www.stantheannuityman.com/book-a-call/
Stan, this is an interesting proposition I had not considered. I especially like the idea of being able to ask for your money back if you change your mind down the road. It also occurs to me that this might be a strategy to mitigate against expected high RMDs. Does this make any sense?
Say you buy a 5 year MYGA today. In 5 years, you roll it to a SPIA with $0 owed on the interest you earned. Check. Can you also roll it to another MYGA totally tax deferred?
With Immediate Annuities, you can start it as soon as 30 days as far out as a year. Once you go past that point, say 13 months, it turns into a Deferred Income Annuity.
Stan I just love how you are ALL ABOUT THE PEOPLE and transparent with sensitive topics like commissions and other things on your side nobody talks about or is willing to disclose. Thank you for being the trustworthy and honest guy that you are!! 🤩 MYGA-->SPIA who knew?
Thank you for the kind words!
Stan, I was kicking around this strategy back when interest rates on I-bonds, CD, and High Yield Saving Accounts were starting their boom on high interest rates. I think it's a great way to build, pay no fees, and save on the taxes with growth (from the exchange) but pay it out on the receiving end (can't win them all). Thanks for making a video on it, it makes me feel good that I was thinking in away a smart person would...like yourself, lol.
Great insight! I’m glad that it worked for you. Thanks for watching!
One of my favorite episodes from TAM.
Thanks for watching!
I think I will use this strategy? CD Rates are "high" for 1 yr or less but then drop off quickly. Locking in current rates for 5-10 yr then switch to SPIA Sounds good.
It’s a great strategy! Feel free to book a call with us if you have any questions:
www.stantheannuityman.com/book-a-call/
The focus here is on the MYGA to SPIA strategy, but is there any reason why a MYGA to DIA would not also work?
That could work as well, it depends on the clients situation. Feel free to book a call if you have any questions:
www.stantheannuityman.com/book-a-call/
Great strategy Stan, thanks. As always, informative and entertaining.
Thanks for watching!
Stan, this is an interesting proposition I had not considered. I especially like the idea of being able to ask for your money back if you change your mind down the road. It also occurs to me that this might be a strategy to mitigate against expected high RMDs. Does this make any sense?
Great insight! Thanks for watching!
Wasn’t “Mr X” anti-income riders? What happened to that good looking man?
Say you buy a 5 year MYGA today. In 5 years, you roll it to a SPIA with $0 owed on the interest you earned. Check. Can you also roll it to another MYGA totally tax deferred?
Great question! Feel free to book a call with us to discuss:
www.stantheannuityman.com/book-a-call/
@@StanTheAnnuityMan Oh Stan! You're teasing us!! I thinkj the answer is YES, but what do I know??? Stan? Help us out pls!
Thank you Stan. Just to clarify is the DIA another way of saying deferred SPIA?
With Immediate Annuities, you can start it as soon as 30 days as far out as a year. Once you go past that point, say 13 months, it turns into a Deferred Income Annuity.
“Jackwagon agent”, meme of the month. 😂
Thanks for watching!