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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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Will Q4 ExxonMobil Interest Rates Continue to Rise?

Jun 21, 2021 1:30:00 PM
written by The Retirement Group

 

Interest rates are increasing which will reduce the value of ExxonMobil employees' lump-sums. Over the last year, interest rates at ExxonMobil have dropped dramatically, which has greatly increased many lump sum payments. This culminated in record low rates for individuals that commence their benefits in the first quarter of 2021. However, we saw an increase in rates for the second quarter of 2021 and now third quarter rates have risen even higher.  Rates have risen roughly 0.5% in the most significant segment, just in the last quarter.  If this trend continues, we could see a significant reduction in ExxonMobil lump-sum values. ExxonMobil's 4th quarter rates will be released next month, but early signs show they appear to be trending upward.


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

Rising Interest Rates for Chevron Cause Lump-Sums to Decrease

Jun 19, 2021 10:47:00 AM
written by Wesley Boudreaux of The Retirement Group (800) 900-5867

 


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posted in Pension, Interest rates

5 Reasons a Housing Market Crash is Unlikely

Jun 17, 2021 3:43:54 PM
written by John Jastremski

The housing market has been on fire recently and many Americans are becoming concerned we may be in the midst of another housing bubble. The Retirement Group has many clients who work for major corporations like AT&T, ExxonMobil, Chevron & Kaiser Permanente, and a significant amount of them are considering retiring in 2021 because they can downsize their home and use their increased equity for retirement. Oftentimes employees nearing retirement age are especially anxious about the housing market as much of their net worth is tied to the value of their home. There are several benefits to retiring in 2021, especially for AT&T employees. At AT&T they can lock in their healthcare subsidy, capitalize on low interest rates for their lump-sum, and receive great value for their home. However, there is a growing concern that the housing market will take a turn for the worse and homeowners will lose value on their current assets. 


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ConocoPhillips Interest Rates May Rise Again in Q4

Jun 16, 2021 10:46:00 AM
written by Tyson Mavar RICP® of The Retirement Group (800) 900-5867

 


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posted in Pension, Interest rates

Market Month: May 2021

Jun 2, 2021 3:34:00 PM
written by The Retirement Group

 

The Markets (as of market close May 28, 2021)
Stocks were volatile in May, likely a reflection of strength in the U.S. economy as well as concerns about inflation and the timing of when the Federal Reserve might begin to taper its accommodative policies. Regarding inflation, members of the Federal Open Market Committee acknowledged that prices may run higher than the 2.0% target set by the Committee due to transitory supply-chain bottlenecks, which are expected to fade.


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Debt Profile of Older Americans

Jun 2, 2021 12:15:00 PM
written by The Retirement Group


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How Current Housing Demand Compares to 2007

Jun 2, 2021 10:30:00 AM
written by John Jastremski

Housing Demand

Housing Demand can be best explained with the two phrases "4 + 4" and “big is back”. Sellers are seeing 4 offers in 4 days. According to real-estate provider Showing Time, there were 10 home showings on average per active listing in 129 markets in March by high credit score borrowers, with sizable down payments. This is the exact opposite of the subprime housing boom. Buyers are leaving the cities and going big with more square footage. According to the 2021 Coldwell Banker Survey, more square footage was the number one amenity buyers wanted in 2021. Demand for homes over 5,000 square feet jumped 17% nationally.


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Crisis Averted? Financial Help for Struggling Renters and Landlords

Jun 2, 2021 10:19:42 AM
written by The Retirement Group

 

By one estimate, U.S. landlords were owed about $57 billion in unpaid back rent at the beginning of 2021. The average household that fell behind owed about four months of rent, or $5,600. Altogether, more than 10 million U.S. families were facing the possibility of eviction.[1]


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Retiring & Worried About a Housing Crash?

May 28, 2021 3:37:00 PM
written by John Jastremski

 

The real estate market has been appreciating through the pandemic and homeowners became $2 trillion richer in the first three months of 2021.  When drilling down to the largest metropolitan areas in the country, the 10-city composite  home prices in May increased 16.4% year over year, from 14.5% the previous month according to the S&P CoreLogic Case-Shiller Index(See Figure 1a).  Phoenix, San Diego and Seattle reported the highest year-over-year gains This brings back the big concern that we are in another 2007 housing bubble. 


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Retirement Confidence Remains Strong, Despite Pandemic

May 19, 2021 4:34:28 PM
written by The Retirement Group

 

Despite the economic shock of the coronavirus pandemic, American workers and retirees remain largely optimistic about their financial prospects for retirement.

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