Recent Posts
Need Tax Help? 2020 Year-End Tax Tips
Sep 2, 2023 1:30:18 AM
written by
The Retirement Group
Read More
posted in Financial Planning, Lump Sum, Pension, Retirement Planning
Wills: The Cornerstone of Your Estate Plan
Jul 13, 2023 10:26:25 AM
written by
The Retirement Group
Read More
posted in Financial Planning, Lump Sum, Pension, Retirement Planning
Retirement Plans for Small Businesses
Jun 7, 2023 3:19:17 PM
written by
The Retirement Group
Read More
posted in Financial Planning, Lump Sum, Pension, Retirement Planning
Social Security Disability Benefits
Jun 7, 2023 2:38:35 PM
written by
The Retirement Group
Read More
posted in Financial Planning, Lump Sum, Pension, Retirement Planning
How Layoffs Can Have Negative Long-Term Consequences for Companies
May 2, 2023 11:41:32 AM
written by
The Retirement Group
Read More
posted in Financial Planning, Lump Sum, Pension, Retirement Planning
Auto Loans
Apr 18, 2023 8:30:00 AM
written by
The Retirement Group
Read More
posted in Financial Planning
Rollovers
Apr 18, 2023 8:04:07 AM
written by
The Retirement Group
In general, a rollover is the movement of funds from one retirement savings vehicle to another. You may want, or need, to make a rollover for any number of reasons--your employment situation has changed, you want to switch investments, or you've received death benefits from your spouse's retirement plan. There are two possible ways that retirement funds can be rolled over--the 60-day rollover and the trustee-to-trustee transfer.
Read More
Financial Survival After a Job Loss
Mar 15, 2023 8:29:00 AM
written by
The Retirement Group
Read More
posted in Financial Planning, Lump Sum, Pension, Retirement Planning
Life Insurance and Terminal Illness
Mar 14, 2023 11:15:00 AM
written by
The Retirement Group
If you are terminally ill, your life insurance policy is a valuable resource. Not only can you use life insurance to provide adequate income to your survivors for their short- and long-term needs, but you also may be able to receive a portion of the death proceeds from your life insurance before you die in order to pay necessary expenses or to fulfill a dream.
Guaranteed Insurability Rider
When you are terminally ill, you pose an obvious risk to an insurance company, and you will probably be unable to buy additional life insurance coverage. However, if you purchased a guaranteed insurability rider (additional purchase option) when you bought your policy, you may be able to buy additional life insurance without providing proof of medical insurability.
Read More
posted in Financial Planning, Lump Sum, Pension, Retirement Planning
PGE and Getting a Retirement VSP? Should You Take It?
May 7, 2022 1:26:52 PM
written by
The Retirement Group
What is it?
In today's corporate environment, cost cutting, restructuring, and downsizing are the norm. We have found many employers are offering their employees early retirement packages. As you near retirement age, you may find yourself confronted with an early retirement offer from PG&E. PG&E may refer to the offer as an early out package or retirement offer or golden handshake or a golden parachute. While many early retirement offers seem attractive at first, it is important for you to review an offer carefully before accepting it to ensure that it is indeed a "golden" opportunity.
Details of the PG&E 2022 VSP:
Participation in the VSP is voluntary and offers the following benefits:
- Lump sum payment equal to 52 weeks of your base salary.
- $10,000 transitional lump sum payment.
- $50,000 retiree medical subsidy to your Retiree Health Account (RHA).
- Prorated 2022 STIP (Short Term Incentive Plan), consistent with Company’s overall STIP program. Participants understand STIP is a discretionary at-risk compensation program.
Typical elements of an early retirement offer
IAn early retirement offer usually consists of severance payments and post-retirement medical coverage coupled with already existing retirement benefits. These may be in the form of healthcare financial incentives or a severance tied to years of service.
Read More
posted in Financial Planning, PG&E