Are you thinking about putting your money into a short-term MYGA (Multi-Year Guaranteed Annuity) so you can renew it when interest rates go even higher? If you do this right now, you might be making a massive mistake!

In today's video, Shawn Plummer from The Annuity Expert answers whether you should use a short-term MYGA while waiting for better rates. As of May 2026, Shawn issues a candid warning: we are currently sitting in the highest interest rate environment since the 1990s! Rates are paying anywhere between 5% and 6.30%. If you buy a 2- or 3-year contract today, you run a huge risk of your annuity renewing at half the rate when your short term is up!

Instead, Shawn reveals why the smartest move is to lock in the absolute highest rate for as long as possible. If you are worried about tying up all your money, he explains how to us ...