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How the MYGA Changed Retirement Planning for Nola Kulig

Nola Kulig and her firm, Kulig Financial Advisors, integrated MYGAs as a fixed income allocation within clients' portfolios. 

PROFILE: With interest rates at historic lows and inflation on the rise, safely generating yield had become a challenge for Nola. Given retirement planning focus, Nola didn’t want to increase equity risk for her clients to compensate for reduced fixed income yields.

SOLUTION: Commission-Free Multi-Year Guaranteed Annuity (MYGA) for fixed income

OUTCOME: Nola began using MYGAs as a significant portion of the fixed income strategy. Acting as bond substitute, the MYGA provides substantially more income than what a 10-year treasury bond can offer. Given its CD- like structure, Nola found MYGAs were easy to explain to clients—even those not familiar with annuities.

“The state of the bond market today has really driven me to look at and use several annuity products.” — Nola Kulig, DPL Member

What is a MYGA?

A type of fixed annuity, a MYGA is a simplified wealth accumulation product without any riders or explicit fees. MYGAs are often used as CD or bond replacements—here’s how they stack up:

MYGA CD Rate Graph





How to Think About MYGAs

CD Replacement: As CDs mature, fixed annuities offer a higher-yielding fixed income replacement in the portfolio.

Tax-Deferral: Unlike a CD, fixed annuity interest is tax-deferred, helping maximize the benefits of the annuity.

Protected Growth: Like a CD, fixed annuities provide growth opportunity with protection from market volatility.

To learn more about fixed annuities and how to access them, call 877.625.5544 to speak with a DPL Consultant.

1 DPL MYGA rates compared to CD Rates (, January 10, 2023.
Guarantees are based on the financial strength of the issuing insurance company. Fixed annuities are not FDIC insured. Not insured by any federal government agency. Rates are subject to change. ©2022 DPL Financial Partners, LLC. All rights reserved.

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