Multi-Year Guaranteed Annuities (MYGA) in Los Angeles
Lock in growth with guaranteed rates – build your retirement with confidence.
Planning for retirement shouldn’t feel uncertain. A MYGA (Multi-Year Guaranteed Annuity) offers dependable, fixed growth over a specific period—ideal for those who want stability and protection in an unpredictable economy. At Hansol, we help clients in Los Angeles, Koreatown, and surrounding communities compare MYGA options that align with their goals, values, and future income needs.
What is a MYGA?
A MYGA is a type of fixed annuity that provides a guaranteed interest rate for a set number of years, typically between 3 and 10. You make a lump-sum payment up front, and your money grows at a predictable rate without exposure to market volatility. When the term ends, you can choose to renew, withdraw, or convert to a stream of retirement income.
Why Choose a MYGA?
- Guaranteed Growth – Your rate is locked in for the full term.
- Tax-Deferred Earnings – Your interest grows tax-free until withdrawal.
- Simple & Transparent – No complex fees or investment decisions.
- Safe Alternative to CDs – Higher rates than many certificates of deposit.
- Flexible Options – Choose a term length that fits your timeline.
Is a MYGA Right for You?
MYGAs are ideal if you:
- Are nearing retirement and want to protect your savings.
- Don’t want to worry about market swings.
- Prefer to plan around a guaranteed return.
- Want a reliable holding place before converting assets to income.
Whether you’re a retiree in West LA, a business owner in Century City, or planning for your parents in Koreatown, we’ll walk you through your options so you feel informed—not pressured.
How We Help
At Hansol, we’re not tied to one provider. We shop the top MYGA rates available in California, help you understand the fine print, and build a retirement income plan that works for your unique needs. You’ll always speak with a local expert who takes the time to listen.
Considering a MYGA? Let’s Talk.
A quick conversation can help you decide if a MYGA fits into your retirement picture—or if another strategy might suit you better. Schedule a free consultation today and take the next step toward steady retirement income.
Retirement Planning
Fixed Annuities
Indexed Annuities
Lifetime Income Annuities
What’s the difference between a MYGA and a regular fixed annuity?
Both offer guaranteed interest, but a MYGA locks in a specific rate for a set number of years—often with more competitive rates for longer terms. It’s ideal for people who want stable growth without surprises.
Are MYGAs better than CDs?
MYGAs often offer higher rates than bank CDs and grow tax-deferred. That means you don’t pay taxes on interest each year, which helps your money grow faster—making them a strong option for retirement planning.
When can I take money out of a MYGA?
MYGAs have a set term, and early withdrawals may come with penalties. However, many allow you to withdraw a portion (like 10%) annually without penalty. We’ll go over all your options before you commit.
Is a MYGA safe?
Yes. MYGAs are backed by the issuing insurance company’s financial strength. At Hansol, we only work with reputable carriers and help you understand all guarantees and protections.
Can a MYGA provide income in retirement?
Absolutely. When your term ends, you can take withdrawals, roll the funds into another annuity, or convert it into a reliable income stream. We’ll help you plan the next step that fits your retirement vision.
How do I know which MYGA term is best for me?
It depends on your goals. Shorter terms provide more flexibility, while longer terms often offer higher rates. We’ll review your full financial picture to find the best fit for your timeline and income needs.