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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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Chevron Interest Rates Trend Downward, Slightly Pushing Lump-Sums Up

Jul 21, 2021 2:25:58 PM
written by Wesley Boudreaux of The Retirement Group (800) 900-5867

 

Chevron interest rates decreased 0.07% in the second segment for those who commence their benefit in September 2021. This is the first time in several months that interest rates have dropped, and the result will be slightly larger lump-sums for those retiring in September.  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. Over the last year, interest rates have 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, rates have to increased, causing a reduction in lump-sums.


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posted in Pension, Interest rates

ConocoPhillips Interest Rates Decrease, Raising Lump Sums

Jul 15, 2021 4:00:00 PM
written by Tyson Mavar RICP® of The Retirement Group (800) 900-5867

 

Interest rates are trending in the right direction for ConocoPhillips employees, considering the lump sum option on their pension payment. Interest rates dropped for individuals that commence their benefits in Q4 2021. Over the course of 2020, interest rates dropped dramatically, which greatly increased many lump sum payments. However, interest rates have been on the rise since Q1 2021. A drop in Q4 indicates a shift in the trajectory of interest rates. If this continues lump-sums will rise again in Q1 2022. Should you desire to take your pension as a lump sum, ConocoPhillips will use interest rates and your age to calculate your lump sum payment. When interest rates move up or down, your pension lump sum amount will move in an inverse relationship (except for Cash Balance Pension Lump Sum payouts).


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posted in Pension, Interest rates

Federal Student Loan Interest Rates Set to Increase for 2021-2022

Jun 29, 2021 4:02:07 PM
written by The Retirement Group

After two years of decreases, interest rates on federal student loans are set to increase almost a full percentage point for the 2021-2022 school year.1 The interest rates on federal student loans are reset each year after the May auction of the 10-year Treasury note.

The rates apply to new federal student loans issued on or after July 1, 2021, through June 30, 2022. The interest rate is fixed for the life of the loan.


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posted in Interest rates, Student Loans, Federal

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

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

Rising ConocoPhillips Interest Rates Reduce Lump-Sums

Apr 16, 2021 7:16:29 AM
written by Tyson Mavar RICP® of The Retirement Group (800) 900-5867

 


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posted in Pension, Interest rates

A Sharp Increase in Chevron Interest Rates Cause Lump-Sums to Decrease

Apr 15, 2021 12:20:59 PM
written by Wesley Boudreaux of The Retirement Group (800) 900-5867

 


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posted in Pension, Interest rates

Chevron Lump-Sums Decrease as Interest Rates Rise

Mar 25, 2021 1:55:33 PM
written by Wesley Boudreaux of The Retirement Group (800) 900-5867

 


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posted in Pension, Interest rates

ConocoPhillips Interest Rates Have Changed Trajectory

Feb 20, 2021 10:00:00 AM
written by Tyson Mavar RICP® of The Retirement Group (800) 900-5867

 


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posted in Pension, Interest rates

Trajectory of Chevron Interest Rates Has Changed Significantly

Feb 18, 2021 12:16:51 PM
written by Wesley Boudreaux of The Retirement Group (800) 900-5867

 


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posted in Pension, Interest rates