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
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