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Thread: Fixed Indexed Annuity
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Old 07-15-2023, 07:32 AM
Caymus Caymus is offline
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Quote:
Originally Posted by retiredguy123 View Post
Why not just buy CDs with your safe money?

Also, if some of your money is invested in stocks, you will get a reduced capital gains tax rate, but any income you earn in an annuity is taxed at your ordinary tax rate.
From what I understand, at times MYGAs pay higher rates than CD's. Currently they seem to be about equal.