[SOLVED] Need confirmation this will work

I know, I know. But this makes me feel better.

After ignoring repeated requests from my host upgrading my control panel (and, apparently all services) can no longer be put off. So I'm putting in the ticket tomorrow and I will be out of commission for up to 2 weeks.

Today I will create the backup (.txt) file for settings. Not so much worried about the settings, but does this back up posts too. Or should I also perform the WP backup?

A related question, when I run the settings backup, does the *.txt file get placed on the server or am I prompted? Never mind this question - trial and error gave me the answer.

Sorry about these questions. This ordeal makes me a little nervous and

So if any of you can alleviate my fears (even just a little), I'll feel much better

Thank you
Brian