As with Oracle SQL programs, we can invoke a PL/SQL program either by typing it in sqlplus or by putting the code in a file and invoking the file in the various ways we learned in Getting Started With Oracle.
MYGA â aka âFixed Rate Annuityâ Fixed Rate Annuities function a lot like CDs, and are referred to in the industry as âMulti Year Rate Guaranteedâ annuities (MYGAs). In essence, MYGAs are CDsâ¦.but with tax deferral, and are typically purchased with a single premium amount of money.
An annuity is an investment vehicle that allows you to save money for retirement while deferring taxes on earnings. You can choose when you want your annuity to start disbursing payments, such as at your retirement age. However, if you need the funds immediately, it is possible to liquidate your annuity contract. You will have to pay taxes and surrender charges to the insurance company providing the annuity. Step 1.