$500,000 - Split Annuity vs Interest Only withdrawals

$500,000 - Split Annuity vs Interest Only withdrawals
A breakdown of annuity income concepts and results.

✅ SPLIT BREAKDOWN
MYGA Premium = $346,008.00
SPIA Premium = $153,992.00
MYGA Rate = 5.40% for 7 Years (grows to $500K)
SPIA Income: $2,118.04 for 84 payments then ends
(86.6% tax excluded)
$1,834.22 Non Taxable
$283.82 Taxable @ 30% tax = $85.15
$2,118.04 - $85.15 = $2,032.89 after tax

✅ INTEREST ONLY BREAKDOWN
MYGA Premium = $500,000
MYGA Rate = 5.40% for 7 Years
Interest Income:
31 day month = $211.67 ($1,580.96 after tax)
30 day month = $204.84 ($1,529.96 after tax)
28 day month = $191.19 ($1,427.96 after tax)

X - https://x.com/MrFixedAnnuity
YouTube - https://www.youtube.com/@annuityexperts
LinkedIn - https://www.linkedin.com/in/jeff-affronti-a1551834/
Instagram - https://www.instagram.com/annuityexperts/
Rumble - https://rumble.com/c/c-1096761
Facebook - https://www.facebook.com/annuityexperts

annuities, annuity commission, annuity experts, annuity interest rates, annuity marketing, California annuities, client oriented, combo split annuity, deferred annuity, fixed annuity, fsd financial, Guaranteed Lifetime Income, immediate annuity, insurance, life insurance agents, life only, jeff affronti, multi-year guarantee annuity, Qualified Longevity Annuity Contracts, QLAC, MYG annuity, myga rates, partial 1035 exchange, retirement income, retirement planning, savings rates, spia quote, surrender charges, tax deferral, walk away annuity, tax exclusion ratio, joint life annuity, inflation protected income, COLA, cost of living adjustments, deferred annuity

IMPORTANT INFORMATION

This material is for informational, educational & entertainment purposes.

It is not a recommendation to buy, sell, hold or rollover any asset.

It does not take into account the specific financial situation, investment objectives, or insurance need of an individual person.

Withdrawals may be subject to ordinary income taxes and, if made prior to age 59½, may be subject to a 10% IRS penalty.

Surrender charges may also apply for early or excess withdrawals.

All guarantees are backed by the claims-paying ability of the issuer.

Products are available only in all states where approved.

Please note that most SPIA quote rates are valid for 7 days.

For the latest ratings, access https://web.ambest.com/home