If you are looking for a safe place to park your retirement savings, you might be wondering exactly how your money grows inside an annuity contract. The secret to maximizing your growth comes down to one powerful concept: tax-deferred triple compounding!

In this quick video, Shawn Plummer from The Annuity Expert answers one of the most common questions we get: How do interest earnings accumulate in a deferred annuity? Shawn explains how your money grows without the drag of annual taxes, and breaks down the tax rules for Qualified, Non-Qualified, and Roth annuities.

You will also learn the three specific ways insurance companies determine how much interest you actually get paid:

1️⃣ Multi-Year Guaranteed Annuities (MYGAs): Acting as a tax-deferred CD alternative with a fixed rate.

2️⃣ Fixed Index Annuities (FIAs): Giving yo ...