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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

ConocoPhillips Interest Rates Are Starting to Rise, Lump-Sums May Decrease in 2021

Jan 26, 2021 9:56:10 AM
written by Tyson Mavar RICP® of The Retirement Group (800) 900-5867

 


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posted in Pension, Interest rates

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