You may want to buy a MYGA if you're looking to protect your principal, not pay any fees annually, there are no moving parts, there are no market attachments, you're just going to get an interest rate contractually for the specific period that you choose.
There are over 10,000 baby boomers reaching retirement age every single day, and many are faced with the decision to take a lump-sum dollar amount or an annuity payment from their employer.
Over 10,000 Baby Boomers are retiring every single day and millions more already enjoying their retirement years. Because of this, older adults are too often the targets of annuity salespeople.
MarketWatch: My grandson says my financial adviser is steering me wrong and double charging me. What should I do?