Multi Year Guaranteed Annuities
MYGAs - The Safe CD Alternative
Are you in need of a safe CD alternative to lock in today's higher interest rates? Multi Year Guaranteed Annuities (MYGAs) may be a great tax-deferred option for you. Unlike CDs, you are not taxed on the growth until the earnings are withdrawn, or the policy is canceled, or at maturity. (even then the money can be rolled into a new annuity and continue tax deferral.)