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<<The annuities may not be as safe as you think anyway. Sure they will pay out what they say if nothing goes wrong. But so might an index fund that pays a higher rate. If something like 1929-1933 happened again, you would take a beating on your investments, but so would the insurance company offering that annuity and they might have to suspend their payments to you. So do not kid yourself about the safety of an annuity.>>

Not in this case. The annuity is coming from a pension plan, so it's backed by the trust and also the PBGC. The only way it would fail is if the government does. If that happens, so does everything else and it doesn't matter anyway.

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