2 Annuities That Are Worth a Look Now
January 18, 2023 by Neal Templin
Rising rates have made annuities of all stripes more interesting investments, but two in particular are worth a hard look right now.
Multi-year guaranteed annuities—MYGAs, for short—are the insurance world equivalent of a bank certificate of deposit. Just like with CDs, rates have shot up in the last year. Unlike CDs, gains in a MYGA are tax-deferred until you take the money out.