No. of Recommendations: 3
I looked into MYGA's in mid-2025 when this person discussed them
https://www.youtube.com/@DiamondNestEggFinally decided that the downsides were not worth it. They are illiquid without paying a hefty fee. To get the best rates you had to go down in quality of the firm. You get all the interest at the end of the term, dumping a large income into one tax year.
The yield is not that much more than high(ish) quality preferred stocks.
BAC-PB is 5.93% ($1.50/yr)
WFC-PL is 6.15% ($75.00/yr)
Very liquid, although the price can fluctuate.
Current MYGA quotes:
4 yr - 5.15%
3 yr - 5.55%
2 yr - 5.00%
"top-multi-year-guaranteed-annuity-rates-summary"
https://www.annuityadvantage.com/annuity-rates-quo... 