LB, 30 yr T Bonds rates are up 3% for the day. Actual rate is (yuck) 1.2%. Sorry I wasn't clearer on that
Supposedly, annuities are the safest investment on earth according to the couple CFP's that I know. BAsically they said that entire insurance world is tied the fulcrum of Lloyds of London. For all of that finance base to be lost, would be akin to the end of civilization. Whether. I beleive that or not, is a whole another discussion.
Having worked years in the financial industry, I do know that annuities also pay the highest commission and also have the highest fees. Many different types of annuities these days, depending on options that you select, some once you pass away, that money is gone, or once you and your spouse pass that money is gone.
Our local infamous CFP/guru is a fee only CFP and he preaches over and over again, NO to annuities.
Haven't listened to his words of wisdom lately in all of this mess.