Tag: myga
3.10% Guaranteed Rate MYGA
We currently have access to a unique fixed annuity which is paying a higher than average interest rate. This opportunity offers guaranteed growth with no stock market risk and also no fees. What I like most about this type of annuity is the relatively short time commitment involved. Current Multi-year Guaranteed Annuity (MYGA) Rates: 3
…read more »Video Guide to MYGAs
If you have 15 minutes and you’re interested in a MYGA 101 course, you’ve come to the right place. The above video dives into the following topics regarding MYGAs: 1. What is a MYGA? To start, the video defines MYGA: a multi-year guaranteed annuity. Specifically, it’s a type of fixed annuity with a guaranteed interest
…read more »Limited-Time High Interest Rate MYGA
What is a limited-time high interest rate MYGA? From time to time, an insurance company will have special limited-time offer for a Multi-Year Guaranteed Annuity (MYGA) with a higher interest rate. For example, we were notified by one of our carriers that, beginning June 6, they are offering a MYGA with a 3.15%* interest rate. It’s a 5
…read more »What are the Pros and Cons of MYGAs?
We have had a tremendous amount of inquiries regarding Multi-Year Guaranteed Annuities (MYGAs) in the last year. The recent enthusiasm for MYGAs is the result of the sustained low-interest environment we’ve found ourselves in. Below are some of the pros and cons of MYGAs, followed by our recommendation. Pros of MYGAs: Safe Better interest rates
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