Based on what you've posted, it's almost certain that the advisor was talking about multi year guaranteed annuities (MYGAs).At the closing of the meeting the advisor stated that the rates he quoted were only good for a short time so better buy now.
Fidelity acts as an agent for a number of highly rated insurance companies selling MYGAs. Here's a link to a Fidelity page on the products offered: https://www.fidelity.com/annuities/defe ... es/compare
Many Bogleheads, myself included, regard MYGAs as a reasonable choice for a fixed income investment, offering a guaranteed rate for a guaranteed term. Kind of like a bank CD (but, of course, different from a bank CD).
Statistics: Posted by Stinky — Tue Dec 17, 2024 11:41 am
