I’m 55 and earn $100,000. Should I take a $2,900 monthly pension — or $2,200 with 3% annual hikes?
Key takeaways
- Should I take a $2,900 monthly pension — or $2,200 with 3% annual hikes?
- This pension will not be my sole source of income for the next few years.
- My elderly mother and I own a home together.
I’m 55 and earn $100,000. Should I take a $2,900 monthly pension — or $2,200 with 3% annual hikes? Quentin Fottrell Fri, June 12, 2026 at 11:30 PM GMT+7 4 min read “I have no other retirement accounts, so my retirement income will consist primarily of this pension and Social Security.” (Photo subject is a model.) - Getty Images/i Stockphoto Dear Quentin, Can you help me decide which pension option to take? I have the choice of receiving either a pension of $2,900 per month, or $2,200 per month with an annual 3% increase. For background, I am 55 and I plan to continue working until age 60.
This pension will not be my sole source of income for the next few years. I earn $100,000 a year. I have no other retirement accounts, so my retirement income will consist of this pension and Social Security. I appreciate any insight you can offer.
My elderly mother and I own a home together. Will Medicaid force its sale?