Fixed-rate MYGA
A set rate, like a CD, with tax deferred
One rate, guaranteed for the term you choose (usually 2–10 years). Your principal sits outside the market, and interest compounds tax-deferred.
First call is free · English / 한국어 · CA Lic. #4582405
For anyone who wantsto know the number up front
Your CD is maturing
A better rate than a CD, locked in for longer.
Principal comes first
If the market falls, your principal stays where it is.
Living on the interest
Leave the principal alone and draw the interest for expenses.
Money you can park
Funds you won’t need for a few years, matched to a term.
How it works
- 01
Pick a term and rate
Rates vary by carrier and term. I line them up side by side.
- 02
Grow tax-deferred
Interest earns interest, and tax waits until you withdraw.
- 03
Choose again at maturity
Withdraw, renew, move it elsewhere, or turn it into lifetime income.
How it differs from a bank CD
- Interest
- Bank CD A set rate until maturityFixed-rate MYGA A set rate for the whole term
- Taxes
- Bank CD Reported every year interest is earnedFixed-rate MYGA Deferred until you withdraw
- Withdrawals
- Bank CD Early withdrawal costs you interestFixed-rate MYGA Some free each year (often 10%)
- Protection
- Bank CD FDIC insuranceFixed-rate MYGA The issuing insurer’s claims-paying ability
| Bank CD | Fixed-rate MYGA | |
|---|---|---|
| Interest | A set rate until maturity | A set rate for the whole term |
| Taxes | Reported every year interest is earned | Deferred until you withdraw |
| Withdrawals | Early withdrawal costs you interest | Some free each year (often 10%) |
| Protection | FDIC insurance | The issuing insurer’s claims-paying ability |
Questions people ask
Are there fees?
A MYGA has no annual fee, and the rate you’re quoted is the rate you’re credited. Costs only come in if you withdraw beyond the free amount or surrender early.
What happens at maturity?
You usually get a window of about 30 days. If you do nothing, many contracts renew automatically at a new rate with a new surrender period. I’ll reach out before that happens.
What is a market value adjustment (MVA)?
If you surrender early, the amount can be adjusted for changes in interest rates: up if rates have fallen, down if they’ve risen. It no longer applies once the surrender period ends.
Can I use IRA money?
Yes. Many contracts waive surrender charges on required minimum distributions (RMDs). I’ll check the details for each product.
What happens when I die?
It passes to your named beneficiary without probate. Some higher-rate products still deduct surrender charges at death, and I’ll tell you up front if that’s the case.
Related services
Index annuity
Interest linked to an index in up years, and 0% instead of a loss in down years.
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Lifetime income
Fill the gap Social Security leaves, every month, for as long as you live.
Immediate annuity (SPIA)
Place a lump sum, and income can start as soon as next month, for life.
Types of annuities
Sorted by when it pays, what it’s for and how interest is credited.
Annuity buying guide
Goal, comparison, conditions, decision: four steps, in order.
신현인 Sam Shin
Retirement planning specialist · I call you back myself
Book a free call
Leave your name and number and I will get back to you personally.
A call back within one business day
In English or Korean, at a time that suits you.
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Carriers compared side by side
The terms on one page, sent to you by email.
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Free, with no obligation
Tell me you are not interested and I will stop.
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Looked after long after you sign
I reach out before maturities and renewals.
Prefer to talk now? (213) 507-2224