Are Multi-Year Guaranteed Annuities (MYGA) A Good Investment?

Today we are going to take a deep dive into MYGAs--multi-year guaranteed annuities.

Resources Mentioned in Video:

Blueprint Income: https://www.blueprintincome.com/
StantheAnnuityMan: https://www.stantheannuityman.com/myg...
MYGA Rates in 2022: https://web.archive.org/web/202201141...
AM Best FSR: https://risk.nv.gov/uploadedfiles/ris...
Bogleheads MYGA Thread: https://www.bogleheads.org/forum/view...
Why MYGA Rates Are Higher Than CD Rates: https://www.kiplinger.com/retirement/...
When Insurers Go Under: https://www.kiplinger.com/article/ret...
Insurer Insolvencies: https://www.nolhga.com/factsandfigure...

Timestamps

0:00 - Introduction
1:28 - Interest rates/risk
6:20 - Stan the Annuity Man
9:21 - Difference between a CD and MYGA
11:32 - How secure are they?
14:43 - Interest rates and rating change
16:57 - Two other resources
18:22 - Recap

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While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

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