Bill Broich
, Founder
Annuity.com
Lock In The Interest Before It Goes Away
Hurry: Lock in the Interest Before It Goes Away
"The end of the Federal Reserve's campaign to raise interest rates is approaching, according to Morgan Stanley strategist Michael Wilson." Bill Broich Example of what is currently available: 5-year guaranteed interest of 5.2% or higher 3- year Guaranteed interest of 4.5% or higher (subject to change and state approval) Multi Year Guaranteed Annuities (MYGA) are hot! The reason? Thanks to the current attitude of the Federal Reserve, interest rates are well above any Safe Money guaranteed product. Additional Benefits:- Tax-free interest earned for the duration of the three or five-year contracts
- Penalty-free withdrawals of interest earned throughout the contract
- MYGAs are free from market risk
- A CD is issued by a bank, financial institution, or broker; a MYGA is a contract with an insurance company.
- MYGAs are insured by the financial strength of the insurance company issuing the annuity. A CD is FDIC-insured.
- A CD usually penalizes a depositor if they access the funds in a CD before the maturity date. Many MYGA products allow some access to your funds without a penalty. The allowable percentage is usually 5% to 10% of the account value annually.
- The taxation is different; a Bank CD's earned interest is taxed even if it is left on deposit. A MYGA offers tax-deferred growth.
Bill Broich
Annuity.com
E. 171 Okonek
Grapeview, Washington 98546
bill.broich@retirevillage.com
(360) 701-6209
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