<mod note> There are multiple threads discussing MYGA. Let’s please continue MYGA interest in one of those and keep,this thread focused on CDs, MM and related rates.
MYGA
I'm an experienced investor but a COMPLETE newbie with MYGAs. Picture someone who's been vacationing in hotels suddenly deciding to get a timeshare...that level of "stuff to learn". I'm realizing that MYGA's are offering superior rates further out, like 5 years plus. I've never bought one...
www.early-retirement.org
MYGA and 59.5
Strange but I cannot find an answer this question via Google. Are MYGA's subject to a 10% tax penalty if you have one that matures before you're 59.5 and you take the money out? I mean my understanding is that they're basically insurance company's versions of CDs (with a couple of policy...
www.early-retirement.org
MYGA Company Ratings. AMBest "A vs A+ vs A++" Does it really Matter?
When choosing a 5, 4 or 3 year MYGA, should one really be concerned whether they are rated A, A+ or A++? Is there a meaningful difference for these contract periods?
www.early-retirement.org