At Sonoma Financial and Insurance Services, we are always looking to help our clients with their financial retirement. Recently, we have seen some shorter-term options on insurance products being offered by various companies and thought to tell you about them as they may be beneficial to you.
You Have Options!
We are excited to announce that we saw an offering on short-term safe** options that may be available to you to help grow your money!
With money market, savings, and checking accounts paying next to nothing due to the current low interest rate conditions, it becomes harder to even keep up with inflation. What this means is your hard-earned retirement dollars are going backwards, so we dove into action to try to come up with possible solutions!
I Want to Learn More
What is a MYGA?
A multi-year guaranteed annuity, or MYGA, offers a predetermined and contractually guaranteed** interest rate for a fixed period of time.