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Is there a reason you prefer bonds over something like a multi-year guarantee annuity (MYGA)?

You can get a guaranteed yield from those ranging from 2.7-3.1% depending on whether you use an A rated insurance company or are willing to go down to a B+ company.

The MYGA has state insurance which depending on the state usually ranges from $100K-$250K.

Just curious.

I put some money in 2 different MYGAs to use as bridge money from ~60 to 65 (or later). I rarely get into bonds or insurance stuff but the higher rates of the MYGA over something like CDs seemed to make up for the limited risk (I think!) I am taking since both are only 3 years.

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