Multi-Year Guaranteed Annuities (MYGAs)
Practical guidance from National Benefits Consultants for clients who want a guaranteed rate, principal protection, and a more conservative option for part of their retirement assets
A MYGA, or multi-year guaranteed annuity, is designed for people who want a fixed interest rate for a set period of time without taking direct market risk.
That is why MYGAs often appeal to clients who want principal protection, predictable growth, and a more conservative option for part of their retirement strategy.
At National Benefits Consultants, we help clients review MYGAs in a practical way. The goal is to determine when a MYGA fits, when it does not, and how it compares with other conservative planning options.
That is why MYGAs often appeal to clients who want principal protection, predictable growth, and a more conservative option for part of their retirement strategy.
At National Benefits Consultants, we help clients review MYGAs in a practical way. The goal is to determine when a MYGA fits, when it does not, and how it compares with other conservative planning options.
Why some people consider MYGAs
MYGAs may appeal to people who want:
- a guaranteed interest rate for a set term
- protection from market loss
- tax-deferred growth
- a more conservative place for part of their money
- a simpler option for longer-term planning
Why National Benefits Consultants takes a practical approach
We help clients look at:
- what they are trying to protect
- how long they are comfortable committing the money
- how much liquidity they need
- how the annuity fits with the rest of the plan
Common mistakes people make
People often run into trouble when they:
- focus only on the rate
- ignore surrender periods
- overlook liquidity needs
- assume a MYGA works exactly like a CD
- buy before defining the purpose of the money
Questions to ask before buying a MYGA
1. What am I trying to accomplish?
Protection, conservative growth, tax deferral, or a combination of those.
2. How long can I leave this money in place?
That matters with a multi-year product.
3. How much liquidity do I want to keep?
A MYGA should fit the larger liquidity plan.
4. How does this fit with the rest of my retirement strategy?
The annuity should support the broader plan, not compete with it.
Protection, conservative growth, tax deferral, or a combination of those.
2. How long can I leave this money in place?
That matters with a multi-year product.
3. How much liquidity do I want to keep?
A MYGA should fit the larger liquidity plan.
4. How does this fit with the rest of my retirement strategy?
The annuity should support the broader plan, not compete with it.
How National Benefits Consultants helps
At National Benefits Consultants, we help clients review MYGAs with a practical, client-focused approach.
We can help with:
We can help with:
- reviewing whether a MYGA makes sense
- comparing annuity options
- discussing rate guarantees, liquidity, and planning goals
- helping clients keep the decision clear and focused
The right annuity should fit a real purpose
A MYGA can be a useful tool for the right client.
That is why the review matters.
A focused conversation can help determine whether a MYGA belongs in the plan and how it may fit with other retirement assets.
That is why the review matters.
A focused conversation can help determine whether a MYGA belongs in the plan and how it may fit with other retirement assets.
Need help reviewing MYGA options?
Call 720-488-9892 or contact National Benefits Consultants to discuss your goals and retirement income needs.