Personal finance expert Dave Ramsey was shocked to learn a Texas fire department’s pension is over $1 billion underfunded. Firefighter Brett voiced concerns about his financial future, questioning if a poorly managed pension is worth staying for. Ramsey advised leaving if the department feels like a sinking ship, emphasizing the importance of investing in a viable long-term retirement plan. Ramsey and co-host Coleman suggested Brett consider looking for a different department to avoid long-term financial harm.

Read more at Yahoo Finance: A Fire Department’s Pension Is Underfunded By $1 Billion. Dave Ramsey Instantly Thinks It’s In Illinois, Left Dumbfounded It’s Actually In Texas