When it’s time to retire, you’re going to have to live off the money that you’ve been diligently saving and investing. While this if a good problem to have, this causes people who are close to retiring to have extra cash sitting in their savings. But, it’s only earning a small amount of interest. As much as you don’t want to risk placing your hardearned money into a risky vehicle that might lose value, you also don’t want it to just sit there collecting duct either. It’s for this reason that MYGAs, or Multi-Year Guaranteed Annuities, are so popular. How Do MYGAs Work?In short, an MYGA is nothi…