Episode 423: Save on Taxes through Strategic MYGA Laddering with Evan Greathouse

In this episode, we ask:

Would you like to hear from Evan Greathouse on how to work with the ticking tax time bomb?
Would you like to read and review our new book, The Business Fortress: How to Grow, Protect and Exit Your Business?
What about avoiding MEC status (modified endowment contract status)?
Who is Evan Greathouse?
What happened to Evan’s client who lives in a high tax state?
What is qualified money?
Who has a tax problem?
What are the options?
What about the required minimum distribution?
What is the age 59 1/2 rule?
What is the tax plus penalty zone?
What happens if you wait too long?
Who gets penalized 50%?
What happens if you pass away with a 401(k) or IRA?
What are the non-spousal beneficiaries forced to do?
How do inheriting adult children pay the tax on the inherited qualified account benefit?
Why does the lion share of the inheritance go to I.R.S.?
What would be more tax efficient?
What would offer more accessibility?
What is MYGA laddering?
What is a multi-year guaranteed annuity (MYGA)?
What is laddering?
What continues earning interest?
How does a MYGA compare to a CD?
Would you like to hear Episode 280?
Did the MYGA kill the CD?
What’s the structural idea?
What are the logistics?
Is this overly complicated?
Why ladder? Why not do one big solution?
How does this ease the tax burden?
What is a modified endowment contract (MEC)?
Would you like to hear Episode 121?
Who is a good fit for this strategy?
Who is NOT a good fit for this strategy?
Is the plan contractually guaranteed to work?
What about the importance of liquidity?
How did Evan come up with this genius move?
What is Evan’s process with clients?
Would you like to reach out to Evan? Email at evan@greathousefs.com
Would you like to schedule a 15-minute introductory call with Evan?
What are the takeaways?

Evan Greathouse is a trusted Bank On Yourself® Professional who empowers individuals nationwide to achieve lasting financial independence. He specializes in the Bank On Yourself® strategy, helping clients build wealth with uninterrupted growth, liquidity, and tax-free, penalty-free access to cash whenever they need it. With a strong foundation in business management and real estate, Evan combines practical experience with a passion for financial wisdom. He is dedicated to guiding clients through their financial journeys with clarity, purpose, and integrity. Rooted in faith, Evan believes that a strong ‘why’ can conquer any ‘how’ and strives to help others align their financial decisions with their greater purpose. Above all, he values his relationship with God, his wife, and their three children.