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ConocoPhillips Lump Sum Payments Likely to Decrease in Q4 With Rates Continuing to Increase

May 25, 2022 9:52:28 AM
written by The Retirement Group

ConocoPhillips employees considering the lump sum option on their pension payment may have an opportunity to take advantage of lower interest rates in Q2 2022. With higher interest rates taking effect in Q3, and Q4 projecting to have even higher rates, retiring during Q2 may be the last opportunity to avoid a reduced lump-sum. April's segment rates were just released and they are 3.00%/4.22%/4.17%. These rates increased by about 0.5% (in the second segment) since March, which is a very large increase for a single month. 

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posted in Pension, Interest rates, ConocoPhillips, Inflation

ConocoPhillips' Lump Sum Payments Continue to Decline in Value With Rising Segment Rates

Apr 21, 2022 2:59:45 PM
written by The Retirement Group

ConocoPhillips employees considering the lump sum option on their pension payment, may have an opportunity to take advantage of lower interest rates in Q2 2022 before higher rates take into effect for the Q3 2022. Over the course of 2020, interest rates dropped dramatically, which greatly increased many lump sum payments. However, interest rates spiked modestly through 2021. While the overall trajectory of interest rates has been higher, Conoco Philips employees who retired in the first quarter might have seen their lump sums increase, but any increases in lump sums going forward will be entirely diminished due to rising rates now in effect for Q3.

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posted in Pension, Interest rates, ConocoPhillips, Inflation

Lump Sum Payments May Have Peaked With ConocoPhillips Due to Rising Interest Rates

Mar 24, 2022 1:57:11 PM
written by The Retirement Group

ConocoPhillips employees considering the lump sum option on their pension payment, may have an opportunity to take advantage of lower interest rates in Q1 2022 before higher rates go into effect for Q2 2022. Over the course of 2020, interest rates dropped dramatically, which greatly increased many lump sum payments. However, interest rates spiked modestly through 2021. While the overall trajectory of interest rates has been higher, the slight drop in ConocoPhillips rates for Q4 2021 and Q1 2022 should have the effect of increasing lump sum amounts, momentarily, or at the very least delaying decreases.

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posted in Pension, Interest rates, ConocoPhillips

ConocoPhillips' Lump Sum Payments may have Peaked, With Jump in Newly Released Interest Rates

Feb 20, 2022 9:07:00 AM
written by The Retirement Group

ConocoPhillips employees considering the lump sum option on their pension payment, may have an opportunity to take advantage of lower interest rates in Q1 2022 before higher rates take into effect for the Q2 2022. Over the course of 2020, interest rates dropped dramatically, which greatly increased many lump sum payments. However, interest rates spiked modestly through 2021. While the overall trajectory of interest rates has been higher, the slight drop in ConocoPhillips rates for Q4 2021 and Q1 2022 should have the affect of increasing lump sum amounts, momentarily.

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posted in Pension, Interest rates, ConocoPhillips

ConocoPhillips Lump Sums Decreasing, With Newly Released Interest Rates

Jan 27, 2022 7:35:36 AM
written by The Retirement Group

ConocoPhillips employees considering the lump sum option on their pension payment, may have an opportunity to take advantage of lower interest rates in Q1 2022 before higher rates take into effect for the Q2 2022. Over the course of 2020, interest rates dropped dramatically, which greatly increased many lump sum payments. However, interest rates spiked modestly through 2021. While the overall trajectory of interest rates has been higher, the slight drop in ConocoPhillips rates for Q4 2021 and Q1 2022 should have the affect of increasing lump sum amounts, momentarily.

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posted in Pension, Interest rates, ConocoPhillips

ConocoPhillips Interest Rates Continue to Fall, Increasing Lump Sums

Oct 26, 2021 3:00:00 PM
written by The Retirement Group

Understanding how interest rates can impact your lump-sum is crucial for ConocoPhillips employees, especially those who reside in Texas.

Interest rates are back to trending in the right direction for ConocoPhillips employees, considering the lump sum option on their pension payment, moving into Q1 2022. Interest rates have dropped for individuals who wish to commence their benefits in Q4 2021 and again for Q1 2022. Over the course of 2020, interest rates dropped dramatically, which greatly increased many lump sum payments. However, interest rates spiked modestly from Q1 2021 to Q3 2021. While the overall trajectory of interest rates has been higher, the slight drop in the last two quarters should have the affect of increasing lump sum amounts momentarily.

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posted in Pension, Interest rates, ConocoPhillips

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