No. of Recommendations: 1
I currently have 3 MYGAs that I got last year. Two are 3 yr, and one is 5 yr.
Interested in your plan for timing when they come due, as I just got into a 3 year one this year with about 12% of the port. Is the thinking to roll the principal into another one and take the interest for spending, take the whole thing as cash to finance spending for the next year to 3 years,...?
New to this. If I can keep our spending under control (cough, oil prices / food / liquor / travel, cough) that MYGA should cover our forward 3 year income gap when it matures. Of course that means buying another 3-year for years 4-6 etc.
FC
