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Terry Savage: These annuities have gotten more popular

Por: Orlando Sentinel Business February 07, 2023

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Although I have previously warned against many annuities, with good reason, this column will focus on one type of annuity that might serve a very good short-term purpose in your financial plan. That product is a fixed-rate multiyear guaranteed annuity or MYGA. With a term ranging from two to 10 years, this insurance contract promises a fixed rate of interest for that specific time period. Currently many offer a temptingly high contractual rate... + full article



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