Fixed Annuity

Articles, guides, and reviews about fixed annuities and multi-year guaranteed annuities (MYGA).

Can I Contribute to an IRA After I Retire?

Can I Contribute to an IRA After I Retire? Planning for retirement involves making key decisions about your financial future, including your options for continuing contributions to Individual Retirement Accounts (IRAs). Whether you have a Traditional IRA, Roth IRA, SEP-IRA, or SIMPLE IRA, understanding the rules and opportunities for post-retirement contributions is essential. Traditional IRA…

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Are Fixed-Term Annuities a Good Idea?

Are Fixed-Term Annuities a Good Idea? Fixed-term annuities, including period-certain annuities and multi-year guaranteed annuities (MYGAs), can be valuable financial tools. This guide outlines their benefits and drawbacks, helping you decide if they suit your financial goals. Benefits of Fixed-Term Annuities Predictable Payments Fixed-term annuities provide predictable payments over a specified period, making financial planning…

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Can I Buy A 2-Year Annuity?

Can I Buy A 2-Year Annuity? A 2-year fixed annuity is a short-term financial product that offers a guaranteed interest rate for two years. It is ideal for those seeking stability and predictable income without a long-term commitment. This guide will explore the benefits, types, and considerations associated with 2-year fixed annuities. Types of 2-Year…

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MYGA vs. CD

MYGA (Multi-Year Guarantee Annuity) A MYGA is a fixed annuity that offers a guaranteed interest rate for a predetermined number of years. Think of it as an insurance product, where you invest a lump sum with the promise of a steady interest payout. Example: Imagine investing $50,000 in a 5-year, with a guaranteed interest rate…

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MYGA vs. Fixed Annuity

A Brief Introduction to MYGA and Fixed Annuities Annuities are contracts between you and an insurance company where you provide a lump sum in exchange for future income. Both MYGAs and fixed annuities promise stability in a world of volatile markets. Example: Imagine you’ve just received an inheritance of $100,000. Instead of risking it in…

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Fixed Income Annuities: The Basics

What Is A Fixed Income Annuity? A fixed income annuity ensures a consistent and guaranteed income stream for you—or both you and your spouse—by transforming a portion of your retirement savings into regular income payments, either for a lifetime or a specified duration. Helpful Tip: Calculate your potential income with our fixed-income annuity calculator Not…

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