In this video, Sean Plummer from The Annuity Expert gives a brutally honest breakdown of the current May 2026 interest rate environment. Right now, Multi-Year Guaranteed Annuities (MYGAs) are paying a massive 5% to 6% guaranteed. Sean explains why, for straight growth, it is incredibly hard for a Fixed Index Annuity (FIA) to beat a MYGA without taking unnecessary risks. Why roll the dice in the market trying to get 7% or 8% when you can just legally guarantee 6%?

However, there is a massive catch! If your goal is lifetime income, an FIA with a Guaranteed Lifetime Withdrawal Benefit (GLWB) will absolutely destroy a MYGA! Sean explains why using a MYGA to live off the interest is a massive trap (renewal rates will eventually drop and slash your paycheck). Conversely, GLWB payouts are currently sitting at all-time highs, offering 7% to 13% pay ...