No. of Recommendations: 14
You don't need the money now or any time soon. And your daughter doesn't need it now or any time soon.

So why do you care if the invested money goes up and down a bit (or a lot) with the market? If it is invested in the broad market and goes down, it will also come back up when the market comes back.

Annuities like this are sold on fear - your fear of the value going down for some unknown period of time. But the market has always recovered. The market drop in 2008/2009 was one of the worst in the last century. But here we are 10 years later and we are above the level we were before that drop.

Put the money in a low cost, broad market index fund, reinvest the dividends (except for what the trust will need to pay taxes on the dividends), and let the market do it's thing. Your daughter will come out way ahead of the annuity.

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