Hi all, the stock market just lost another 1800 point on top the 10,000. I was planning to start drawing my retirement from the Carpenters union this year as I have the papers all filled out and was getting ready to send in.
Now with this I don't know what to do.
1 options to wait and see what happens and do it when it rebounds if it rebounds. I don't know what this is going to do to current retires but I'm sure its not going to be good. I know my retirement plan states they can go back 5 years into current retirees payments and make adjustments based on losses. And don't see where they would raise payments if it went back up, so your check can only take a one way trip ( down ). Only one thing in this environment that is for sure, ( nothing is for sure )
Now with this I don't know what to do.
1 options to wait and see what happens and do it when it rebounds if it rebounds. I don't know what this is going to do to current retires but I'm sure its not going to be good. I know my retirement plan states they can go back 5 years into current retirees payments and make adjustments based on losses. And don't see where they would raise payments if it went back up, so your check can only take a one way trip ( down ). Only one thing in this environment that is for sure, ( nothing is for sure )