Retire-On-Purpose-With-Purpose

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..  
 
 
Schedule A Call

What is a Mega Roth IRA?

Mar 14, 2023 12:15:00 PM
written by The Retirement Group

The mega backdoor Roth IRA is a strategy ‘highly compensated employees’ or HCEs at Fortune 500 can use to increase retirement savings and shelter investment growth from taxes in retirement.


Read More

posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman

Fortune 500 Employees: How 72(t) Avoids the 10% Penalty

Mar 14, 2023 10:04:39 AM
written by The Retirement Group

How Fortune 500 Employees Can Avoid Penalties?

 

72(t) payments, also known as “substantially equal periodic payments,” are advantageous because they are exempt from the 10% early distribution penalty that usually applies to withdrawals before age 59 ½. You can take them from an IRA at any time, but only from a workplace plan after leaving Fortune 500.


Read More

posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman

SIMPLE 401(k) Plan

Dec 20, 2022 12:23:31 PM
written by The Retirement Group

What Is It?

In General


Read More

posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman

Fortune 500 Employees: Lump-Sum Payouts and Annuity Purchase

Dec 3, 2022 10:46:35 AM
written by The Retirement Group

When considering retirement or a job change from Fortune 500, it is imperative to learn about your eligibility for a lump-sum payment offered by your retirement plan.


Read More

posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman

Fortune 500 employees: Annuities Vs. IRA Withdrawals at 4% Rule

Nov 30, 2022 3:53:48 PM
written by The Retirement Group

There are just a couple of things almost all Fortune 500 retirees need when they hit retirement: predictable income and protection against a cluster of risks, which include longevity risk, performance risk, and sequence-of-returns risk.


Read More

posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman

Alternative to the 4% Rule Using Variable Withdrawals

Jun 22, 2022 7:28:00 PM
written by The Retirement Group

How much can you spend in your retirement from Meta without the risk of running out of money? 


Read More

posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman

RSU and 401(k) Benefits for Facebook Employees

Jun 10, 2022 5:20:00 PM
written by The Retirement Group

With the recent news of Facebook's slowdowns and layoffs, it is time to assess your company's benefits and transition strategy in order to avoid tax consequences.


Read More

posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman

Chevron Lump Sums Fall as Interest Rates Continue to Rise

May 24, 2022 12:33:18 PM
written by The Retirement Group

Many Chevron employees who are waiting to commence their pension lump-sums, will now see a significant decrease in their value. With short, medium, and long-term rates rising significantly over the last month, the higher average rates will result in lower lump-sums for those retiring in July of 2022. This is because when Chevron employees elect the month they would like to begin their pension, Chevron looks back at the third, fourth, and fifth months' rates to calculate the pension disbursement. When these interest rates move up or down, your lump sum amount will move in an inverse direction, so if interest rates increase, your lump sum amount will decrease and vice versa.

Through the pandemic, interest rates dropped dramatically which greatly increased many lump sum payments. This trend culminated in record lows for individuals who commenced their benefits in December of 2020. However, since then this trend has shifted, as interest rates have been increasing quickly, there has been a large reduction in pension lump-sum values.


Read More

posted in Pension, Interest rates, Chevron, Inflation

Chevron Lump Sums Decrease as Interest Rates Soar

Apr 21, 2022 2:16:23 PM
written by The Retirement Group

Want to see are most update to date blog on Chevron interest rates, click here.

Many Chevron employees who are waiting to commence their pension lump-sums, will now see a significant decrease in their value. With short, medium, and long-term rates rising significantly over the last month, the higher average rates will result in lower lump-sums for those retiring in June of 2022. This is because when Chevron employees elect the month they would like to begin their pension, Chevron looks back at the third, fourth, and fifth months' rates to calculate the pension disbursement. When these interest rates move up or down, your lump sum amount will move in an inverse direction, so if interest rates increase, your lump sum amount will decrease and vice versa.


Read More

posted in Pension, Interest rates, Chevron, Inflation

Chevron Interest Rates Jump, Lump Sum Payments Continue to Decrease

Mar 22, 2022 4:02:35 PM
written by The Retirement Group

Lump-sums are decreasing for Chevron employees who wait to commence their pension lump-sums.  With both short, medium, and long-term rates rising over the last month, the higher average rates will result in lower lump-sums for those retiring in May of 2022. When Chevron employees elect the month they would like to begin their pension, Chevron looks back to the third, fourth, and fifth month's rates to calculate the rates used for the pension disbursement. When interest rates move up or down, your pension lump sum amount will move in an inverse relationship. Through the pandemic, interest rates dropped dramatically which has greatly increased many lump sum payments. This trend culminated in record lows for individuals who commenced their benefits in December of 2020. However, since December 2020, rates have increased, causing a reduction in pension lump-sums.


Read More

posted in Pension, Interest rates, Chevron

Check the background of this investment professional on FINRA BrokerCheck

TRG Retirement Guide

Subscribe for Email Updates

Lists by Topic

see all

Posts by Topic

See more

Recent Posts

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.