Annuity Rates are increasing for Oct. 1, 2022. The top rate I see as of today is 5.05% for 4 years
I haven't seen Multi-Year Guarantee Annuities (MYGA) with rates at 5% in a very long time.
The best rate I see as of today is a 4 year MYGA with a rate of
5.80% Year 1 and then 4.80% years 2, 3 and 4.
Let's see how many carriers raise rates to this 5% range.
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This material is for informational, educational & entertainment purposes.
It is not a recommendation to buy, sell, hold or rollover any asset.
It does not take into account the specific financial situation, investment objectives, or insurance need of an individual person.
Withdrawals may be subject to ordinary income taxes and, if made prior to age 59½, may be subject to a 10% IRS penalty.
Surrender charges may also apply for early or excess withdrawals.
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Products are available only in all states where approved.
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