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Thread: How High Will It Go?
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Old 02-17-2023, 12:55 PM
retiredguy123 retiredguy123 is online now
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Originally Posted by CoachKandSportsguy View Post
the question is why use an MYGA annuity instrument for this purpose in an IRA? What is the advantage over buying 5 year CDs, 5 year treasuries or 5 year corporate bonds with similar interest rates?

Second, did you pay a front end load fee for this annuity?
Third, since there is no taxes in an IRA, why pay for a tax deferred annuity?

thanks, just curious as to what am i missing as this is not my first, second or third choice for IRA instruments. .
The answer is simple. The salesperson delivered a great, but dishonest, sales pitch and made a huge commission.