Quote:
Originally Posted by CoachKandSportsguy
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 best I could do on a 5 year CD is 4.7% (any higher and they are callable), T notes 4.1% and I could get close (low 5's) at A- corporates but not interested. No fees, so I really didn't "pay" for the tax deferred aspect.