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I just checked the fixed interest annuities on Fidelity. The highest they're offering in NY state is 4.55% guaranteed for 10 years, surrender at 7 years--pretty close to the 10 year Treasury at 4.53%.

So would the 10 year Treasury be better due to the tax ramifications? I believe all the annuity income would be subject to state & local taxes, but the treasury income wouldn't--is my assumption correct?

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