1. EachPod

015: Which is better...CDs or MYGAs?

Author
The Annuity Man
Published
Fri 31 Jan 2020
Episode Link
http://theannuityman.com/

In this episode, The Annuity Man discusses: 

  • The differences and similarities between these two products
  • Why buyers should consider both MYGAs & CDs
  • The value of using a Laddering Strategy
  • Where CDs & MYGAs fit in your portfolio 

 

Key Takeaways: 

  • MYGAs & CDs function exactly the same
  • FDIC backed CDs are the safest guarantee available
  • MYGAs are backed by the issuing carrier and a state guarantee fund
  • CDs are for 2 years or shorter & MYGAs are for 3 years or longer

 

"Think about laddering and combining MYGAs and CDs to achieve your goal of principal protection while receiving annual interest on a contractual basis." —  The Annuity Man 

  

Connect with The Annuity Man: 

Website: TheAnnuityMan.com 

Email: [email protected] 

YouTube: Stan The Annuity Man

Share to: