In this episode, The Annuity Man discussed:  The four words you must focus on  The difference between a CD and a MYGA Seize the day with these interest rates What should you do when the rates go down?    Key Takeaways:  In the current interest-rate environment that we're in, between CDs, treasuries, and multi-year guaranteed annuities, allow many of you out there to live off of contractually guaranteed interests.  MYGAs are the annuity industry's version of a CD. The difference between a Maiga and a CD is that in a non-IRA account, the Maiga interest grows and compounds tax-deferred. Also, CDs are issued by banks and brokerage firms, while MYGAs are issued by insurance companies that issue annuities.  Seize the day with these interest rates. No one knows where they're headed, but right now, at the time of this episode's taping, they're in a really good place.  Don't try to predict the future. Live for today and take the contractually guaranteed rates that are available. If they go down in the future, then you may think about how you could pivot by buying an immediate annuity to make up for that loss.    "if you have an asset base where you can combine annuities, MYGAS, CDs, and treasuries and live off the interest, why wouldn't you? Why wouldn't you do that?" —  Stan The Annuity Man. Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: [email protected]  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator! 

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