Are you buying a Multi-Year Guaranteed Annuity (MYGA) and looking for an option with high annual liquidity so you can "sweep the interest" for income? It sounds like a smart way to generate safe money, but mathematically, you might be setting your future retirement up for a massive pay cut! 🛑💸

In this straight-to-the-point breakdown, Shawn Plummer from The Annuity Expert explains exactly how MYGA liquidity works, and why using it for long-term income is a flawed strategy. The short answer? Yes, you can get a MYGA with annual liquidity, but you must read the fine print! Some contracts offer zero liquidity, while others offer interest-only, 5%, or up to 10% penalty-free withdrawals.

However, Shawn issues a massive reality check for retirees planning to live off that MYGA interest: We are currently sitting in the highest interest rate  ...