Debbie Carlson
speaker
119 appearances
2 recordings
1 series
first heard Mar 2024
last heard Jan 2025
Debbie Carlson’s voice in public audio — every appearance, attributed to the second.
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Appearances
Those yields rose pretty swiftly when rates were rising, but they can fall just as fast.
The Fed has been pretty consistent by saying it will look to economic conditions and inflation data.
And last week, the Fed's favorite inflation gauge, the Personal Consumption Expenditures Price Index, came out as about expected with prices up 2.8% from a year ago.
But we've heard that individual Fed governors have signaled that interest rate cuts could be coming later this year.
If the Fed cuts rates, the high yields people have been enjoying will start to fall.
That's especially true in those bank money market accounts.
Those yields rose pretty swiftly when rates were rising, but they can fall just as fast.
Yes.
So a few advisors have said that they're using a specific type of annuity called a multi-year guaranteed annuity.
And what's interesting about these annuities that are known as MIGAs, they can be good options for investors.
savers who are looking for something similar to a bank cd but with higher rates unlike other annuity products buyers can invest as little as 2500 in these and one other nice thing about these annuities is they're not taxed until the money is taken out so that's another bonus a lot of these migas have yields that are about a half a percent to a percent higher than similar bank cds
Yes, annuities do carry risk.
First and foremost, they are not FDIC insured the way bank CDs are.
However, insurers are regulated by the states.
And many of the annuities that financial advisors are using come from insurers with some of the highest ratings.
And you could look at an insurer's ratings through your state or through an agency like AMBUS.
Second, annuities have high fees if you want your money out before the term ends.
So if you have a five-year annuity and you want your money out after four years, you could pay a pretty hefty fee for that.
That could be maybe 5%, 6%, 7%, 8% of your principal.
And that's part of the reasons why annuities have these higher rates is because you're locking up your money for a guaranteed rate of time.
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