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Veterans Advantage Financial™
We Speak Veteran™
Retirement Income Certified Professional®* | Certified Medicare Insurance Planner™*
Medicare | Retirement | Life Insurance | Veterans Only
Multi-Year Guaranteed Annuity (MYGA)
Predictable Growth & Unmatched Security for your Savings
What is a MYGA?
Discover how Multi-Year Guaranteed Annuities (MYGAs) can provide a secure and stable foundation for your retirement savings. By locking in a fixed interest rate for a set period, MYGAs shield your hard-earned assets from market volatility, offering a straightforward and reliable path to guaranteed returns. They are an excellent choice for conservative savers seeking peace of mind.
Why Choose a MYGA?
Guaranteed Fixed Rate
Your interest rate is locked in for the entire term (typically 3-10 years), providing predictable, steady growth.
Tax-Deferred Growth
Your earnings compound without being taxed annually. You only pay taxes when you make withdrawals.
No Market Risk
Your principal and interest are protected from stock market fluctuations and downturns.
Penalty-Free Withdrawals
Most contracts allow you to withdraw up to 10% of your account value each year without surrender charges.
Backed by Insurer
Your investment is secured by the financial strength and claims-paying ability of the issuing insurance company.
CD Alternative
Often provides higher rates than traditional Certificates of Deposit with the added benefit of tax deferral.
Visualizing the Growth
MYGAs offer competitive, guaranteed rates that make planning for the future simple. The chart below shows sample top rates as of June 2025, demonstrating the strong, predictable returns you can lock in.
The Power of Tax Deferral
One of a MYGA’s most significant advantages over a CD is tax-deferred growth. The chart below illustrates how a $100,000 investment might grow in a MYGA versus a taxable CD with the same interest rate. The MYGA’s ability to compound without annual tax deductions leads to significantly higher returns over time.
Is MYGA Right for You?
A MYGA is a powerful tool for the right person. Evaluate if your financial goals align with what a MYGA offers.
✔️You are a **conservative saver** seeking predictable growth without market risk.
✔️You’re looking for a **stronger alternative** to a bank CD or are building a bond ladder.
✔️You want to **defer taxes** on interest earnings to potentially lower your tax burden in retirement.
✔️You have a portion of your portfolio you wish to **protect and grow** for a set period (3-10 years).
Understanding Liquidity
While MYGAs are long-term products, most offer flexibility. This chart shows the typical 10% penalty-free withdrawal allowance available annually after the first year.
Ready to Secure Your Rate?
Get personalized MYGA quotes and find the best strategy for your financial future. A brief, no-obligation call can provide clarity and confidence.
Christopher Duncan | Retirement Income Certified Professional® | Licensed Insurance Professional (Lic #3559358)
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*Rates shown are illustrative as of June 2025 and subject to change. Actual rates vary by insurer, state, and premium amount. Guarantees are based on the claims-paying ability of the issuing insurance company. Not FDIC/NCUA insured. Early withdrawals beyond the penalty-free amount may be subject to surrender charges and market value adjustments. This is a solicitation of insurance; consult your tax advisor for guidance.