Personal Finance

4056 readers

52 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago

MODERATORS

WandererLagomorph799@lemmy.ml

nieceandtows@programming.dev

nieceandtows@lemmy.ml

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

submitted 5 days ago by ThePiedPooper to c/personalfinance@lemmy.ml

7 comments fedilink hide all child comments

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?

you are viewing a single comment's thread
view the rest of the comments

[–] ThePiedPooper 1 points 5 days ago

That's what I was worried most about: the devaluation of the US dollar due to American isolationism and tarriffs.

I'm assuming that if there will be domestic unrest (something along the lines of the troubles, or even a civil war/secession), the strength of the dollar will crash pretty quickly. Is this a decent assumption?