Investing - Theory, News & General • Deferred Income Annuity with Roth IRA funds

Hi:

I am 64 years old and wanted to know if buying Deferred Income annuity (Starting 3 years from now) or a MYGA with Roth IRA funds make sense?

Regards,

It depends on what you’re trying to accomplish.

If you want to accumulate assets, a MYGA would work.

If you want to convert a pile of cash into a guaranteed monthly income, a deferred income annuity would work.

What are you trying to accomplish?

Statistics: Posted by Stinky — Sat Jun 08, 2024 9:17 pm — Replies 3 — Views 224

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