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Multi-year guaranteed annuities (MYGAs) offer a guaranteed return for your retirement savings.
Earn up to 6.70%
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Compare 5-year MYGA rate of 6.45% with a 3-year rate of 4.40%.
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$283,000 x 1.044 x 1.044 x 1.044 = $322,023 (3-year @ 4.40%)
$283,000 x 1.0645 x 1.0645 x 1.0645 = $341,368 (3-year @ 6.45%)
$341,368 x 1.0645 x 1.0645 = $386,845 (5-year @ 6.45%)
Note: Consult your financial advisor.
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