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Retire On Purpose, With Purpose

 
When it comes to managing your retirement, a small mistake can cause a major loss of capital. That is why it's important to speak with a financial advisor who is familiar with your Company's benefits. Schedule a call today..  
 
 
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Kevin Won of The Retirement Group


Recent Posts

Interest Rates Are Soaring in 2022, What Will this Mean for Future Lump Sums at Southern California Edison?

Jul 5, 2022 2:16:26 PM
written by Kevin Won of The Retirement Group

Could Lump-Sums for Grandfathered Southern California Edison employees be on the decline? The September interest rates, which Southern California Edison uses to determine lump sum values for everyone who retires in 2022 were released in October. We now have new monthly segment rates which show that interest rates are continuing to rise. Rates have been steadily increasing over the past year and with the recent announcement of next year's interest rates we are very likely to see a reduction in lump-sum values for Southern California Edison employees who retire in 2023. Southern California Edison interest rates decreased in 2020 causing 2021 lump sums to hit record highs. Based on the current trend of interest rates and monetary policy announcements it is likely that rates seen in 2020 will be the lowest for the foreseeable future - meaning that the Lump Sum Values for Southern California Edison employees who retired in 2021 will likely be the highest for the foreseeable future. When interest rates move up or down, your pension lump sum amount will move in an inverse relationship. 


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posted in Pension, Interest rates, SEC, Southern California Edison

AT&T Lump Sums Likely To Drop in 2022 With New Interest Rate Announcement

Jan 6, 2022 4:07:25 PM
written by Kevin Won of The Retirement Group

The November interest rates, which AT&T uses to determine lump sum values for everyone who retires in 2022 have been released. Rates have been steadily increasing over the past year and with the recent announcement of next year's interest rates we are very likely to see a reduction in lump-sum values for AT&T employees who retire in 2022. AT&T interest rates decreased in 2020 causing 2021 lump sums to hit record highs. Based on the current trend of interest rates and monetary policy announcements it is likely that rates seen in 2020 will be the lowest for the foreseeable future - meaning that the Lump Sum Values for AT&T employees who retired in 2021 will likely be the highest for the foreseeable future. When interest rates move up or down, your pension lump sum amount will move in an inverse relationship. 


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posted in Pension, Interest rates, AT&T

AT&T Lump Sums Will Likely Decline in 2022 After Hitting Highs in 2021

Oct 15, 2021 7:05:00 AM
written by Kevin Won of The Retirement Group

The November interest rates, which AT&T uses to determine lump sum values for everyone who retires in 2022 will be released in mid December. Rates increased in November and if that trend holds we could see a reduction in lump-sum values for AT&T employees who retire in 2022. AT&T interest rates decreased in 2020 causing 2021 lump sums to hit record highs. However, rates are now rising which will likely reduce lump sums for those who retire in 2022. When interest rates move up or down, your pension lump sum amount will move in an inverse relationship. Through the pandemic, interest rates have dropped dramatically which has greatly increased many lump sum payments. This trend culminated in record lows for individuals who commence their benefits 2021. However, rates have increased in 2021, and larger trends show that they will likely increase further, potentially causing a significant reduction in pension lump sums in 2022.

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posted in Pension, Interest rates, AT&T

AT&T Pension Plan

Aug 15, 2021 9:03:00 AM
written by Kevin Won of The Retirement Group

If you work for AT&T and are entering your retirement years this information will apply to you specifically.

AT&T History

AT&T has a complicated history of breaking up and merging back together. In 1984 the giant corporation was split into regional telecommunications companies known as the "Baby Bells." Since the break-up, these companies have merged once again to form the present-day AT&T.  Due to AT&T's mergers, understanding the complexities of the pension plans can be a challenge. Click the button below to schedule a follow up call with an AT&T specific advisor here at The Retirement Group.

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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, AT&T

AT&T Healthcare & Interest Rates Changing in 2022

Aug 1, 2021 1:43:00 PM
written by Kevin Won of The Retirement Group

The November interest rates, which AT&T uses to determine lump sum values for everyone who retires in 2022 will be released in mid December. Rates increased in November and if that trend holds we could see a reduction in lump-sum values for AT&T employees who retire in 2022. If you decide to stay past December 31st, 2022, you could see a significant reduction in your lump sum. Interest rates are trending upward, and when interest rates rise, lump sums fall. If you believe that interest rates in November 2021 will be higher than November 2020 (Which is likely) you may want to consider retiring before January 1st, 2022. This will allow you to lock in the medical coverage and take advantage of a lower interest rate, which will increase your lump-sum amount.


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posted in Healthcare, Pension, Interest rates, AT&T

Section 302 Stock Redemption Buy-Sell Agreement for Fortune 500 Employees and Retirees

Jan 20, 2021 8:36:00 AM
written by Kevin Won of The Retirement Group

 

 

What Is It?

Before getting into the details surrounding a Section 302 stock redemption, we feel it is useful to give Fortune 500 employees and retirees a brief overview.

Company Purchase of Shareholder Stock During Lifetime or At Death

A Section 302 stock redemption is a corporation's purchase of its own stock which, when specific requirements are met, is subject to favorable tax treatment under Section 302 of the Internal Revenue Code. A stock redemption qualifying under Section 302 can occur during your lifetime or at your death. When used after your death, a Section 302 stock redemption can provide your estate with liquidity for taxes and expenses. A Section 302 redemption can be used during your lifetime to dispose of some or all of the business interest. On multiple occasions, Section 302 stock redemptions have served as a valuable tool for our Fortune 500 clients.


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning

Section 303 Stock Redemption Buy-Sell Agreement for Fortune 500 Employees and Retirees

Jan 19, 2021 3:34:00 PM
written by Kevin Won of The Retirement Group


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning

Income Taxation of Trusts and Estates for Fortune 500 Employees and Retirees

Jan 16, 2021 12:30:00 PM
written by Kevin Won of The Retirement Group

 

How Are Trusts and Estates Taxed for Income Tax Purposes?

Before getting into some of the tax details surrounding trusts and estates, we feel that it could be beneficial to all Fortune 500 employees and retirees if we first explain exactly what trusts and estates are. A trust is created when you (the grantor) transfer property to a trustee for the benefit of a third person (the beneficiary). An estate is the assets and liabilities left by a person at death. Both a trust and an estate are separate, legal, taxpaying entities, just like any individual. Income earned by the trust or estate property (e.g., rents collected from real estate) is income earned by the trust or estate.


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning

Life Insurance Policy Provisions for Fortune 500 Employees and Retirees

Dec 15, 2020 8:09:00 AM
written by Kevin Won of The Retirement Group

 


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning

Kaiser Permanente Interest Rates Creep Upward Causing Lump-Sums to Decrease

Nov 4, 2020 2:47:25 PM
written by Kevin Won of The Retirement Group


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posted in Pension, Interest rates, KP

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Information regarding the lump-sum payout may or may not apply to specific employees based on factors such as mergers, acquisitions, years of service, age, or the date an employee was hired.

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