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Originally Posted by melpetezrinski
Obviously, the answer is NOT simple since you make assumptions and accusations that are incorrect. Also, if a tax deferred product gives you the best ROI for your time horizon, risk profile and tax implications, who cares if it's in an IRA.
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Agree. The commission on a MYGA is about 1%. Certainly not “huge”. I have yet to see a MYGA that does not have a higher rate than a CD, often substantially higher. In non-qualified accounts, the interest is deferred until the end of the contract and can be rolled over to a new MYGA, further postponing taxes on the interest. In qualified accounts, it doesn’t matter. I have purchased a number of MYGA products over the years (qualified and non-qualified assets) and would never consider a CD. My non-qualified MYGA allows a 10% withdrawal yearly with no surrender fees.