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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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[–] ThePiedPooper@discuss.online 2 points 4 days ago (1 children)

Thank you for the answer! I get paid in USD.

What are the chances that the company servicing my annuity goes bankrupt? My annuity is guaranteed, but I'm not really sure what that means in the scheme of things.

[–] iii@mander.xyz 2 points 4 days ago (1 children)

What are the chances that the company servicing my annuity goes bankrupt?

Will depend on that company. Probably an insurance company?

[–] ThePiedPooper@discuss.online 2 points 4 days ago

Yep, one of the top 10 in the US