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Social Security II

Guest John in NC

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Guest John in NC

I got an email from my friend that the government is going to convert my IRA money and issue an "annuity", backed by nothing at all. This is in total contrast to a real annuity issued by an insurance company, which is backed by real assets, and which is actually sound. Can you get to the bottom of this. Does this have anything to do with the Federal Reserve? Thanks

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