Ask Terry Questions Teamster pension

Teamster pension

By Terry Savage on August 15, 2019 | Financial Planning / Retirement

It seems my pension fund is in trouble and losing money for the past ten years . It looks like they will be bust in thirteen years . I can’t decide wheater to collect my social security now or wait till it max . If the pension belly’s up I will be in trouble for income . I am three years away before full social security is to be claimed . What do you think.

Terry Says

Do NOT take Social Security early — before Full Retirement Age.  That would be a huge mistake.  And I’m betting that the politicians will bail out the big pension funds — but we will have to wait and see on that!  In the meantime, keep working — and keep saving a lot!

Recent Financial Planning / Retirement Questions



a personal
finance question