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What are the chances that the current administration will absolutely screw my annuity? (discuss.online)

submitted 4 days ago by ThePiedPooper@discuss.online to c/personalfinance@lemmy.ml

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I have a medical malpractice annuity that pays out every month and goes up 2% compounded every year. I live in another country where cost of living is way lower than in the US and am worried that rapid inflation in the US or just overall instability will lead my annuity to be practically useless. Are these worries baseless?

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[–] CircuitGuy@lemmy.world 1 points 1 day ago

I would be concerned about a period of higher than normal inflation like the 70s. The Fed does a good job keeping inflation around 2%. Recently it spiked briefly to around 8% but immediately came down to just above 3%. It seems possible we could see a period of inflation near 8% for several years in a row.