MercyMe
Recycles dryer sheets
- Joined
- May 7, 2022
- Messages
- 226
I recently paid for an hour of chat with a CFP who among other things, suggested that I not allocate more than 10% of my investable assets into MYGA's. I already have two MYGA's (both paying about 3%) and was thinking about adding another one next month from a third insurer if rates stay where they are or go higher.
The next investment amount would be $200k and with this, it would bring me to about 10% of my assets in MYGA's. I wouldn't mind buying a fourth one though since I'm in a high tax bracket and am planning to retire in a year at age 53. The tax deferral is very appealing since I will likely be in a much lower bracket in retirement.
For those here that use MYGA's, at what percent of your assets would you limit this type of money.
The next investment amount would be $200k and with this, it would bring me to about 10% of my assets in MYGA's. I wouldn't mind buying a fourth one though since I'm in a high tax bracket and am planning to retire in a year at age 53. The tax deferral is very appealing since I will likely be in a much lower bracket in retirement.
For those here that use MYGA's, at what percent of your assets would you limit this type of money.