Exploring MYGAs (multi-year guaranteed annuities) as an option for generating retirement income. How do they compare to bank CDs? What are the key differences and potential penalties for early withdrawal? #MYGA #Annuities #RetirementIncome #FinancialPlanning #InvestmentOptions | Annuity Association
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Considering a MYGA for retirement income? It offers guaranteed rates and principal protection, like a high-yield CD. Ideal for short-term income or bridging to Social Security. But beware, rates can drop after the initial term, and it doesn't guarantee lifetime income. Plan for future income streams! #MYGA #RetirementIncome #Annuity #FinancialPlanning #InvestmentStrategy | Annuity Association
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