Safe Money Alternative: Lincoln MyGuarantee Plus!
Did you know that Money Market Assets hit a new high this year of $5.4 Trillion that’s up from $4.6T on 5/20 during COVID Pandemic!!
-6/30/23 Morningstar and BlackRock “Student of the Markets”
For clients looking for more yield on their safe money check out the Lincoln MYGuarantee Plus (MYGA) offers a 5 Year guaranteed rate of *4.45% tax deferred. (*$100K+ Premium Tier)
“Power of Tax-Equivalent Yield” the yield is the return that a taxable investment would need to equal the tax deferred rate of an annuity (non-qualified monies example).
Clients in these income tax bracket:
- 24% Tax rate would need a 5.85% yield to match the 4.45% fixed annuity rate.
(2023: $93,375-$182,100 Income)
- 32% Tax rate you would need a 6.54% yield to match the 4.45% fixed annuity rate.
2023: $182,100-@231,250 Income)
MyGuarantee Plus has No 30-Day auto renew Window and does allow 10% Free Withdrawal available in the 1st Year!!