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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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Interest Rates at KP Keep Rising, Lowering Lump Sum Payments

Feb 19, 2022 3:44:00 PM
written by The Retirement Group

Lump-sums are decreasing for KP employees who wait to commence their pensions lump-sum.  With both short, medium, and long-term rates rising over the last month, the higher average rate will result in lower lump-sums for those retiring in March of 2022. When KP employees elect the month they would like to begin their pension, KP looks back to two months 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. However, rates have increased significantly over 2021 and 2022, causing a reduction in pension lump-sums.


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posted in Pension, Interest rates, KP

Interest Rates at Chevron Jump, Decreasing Lump Sum Payments Again

Feb 18, 2022 5:15:00 PM
written by The Retirement Group

Lump-sums are decreasing for Chevron employees who wait to commence their pensions lump-sum.  With both short, medium, and long-term rates rising over the last month, the higher average rate will result in lower lump-sums for those retiring in April 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.


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posted in Pension, Interest rates, Chevron

Interest Rates for AT&T Employees are Rising, How Will This Affect Lump-Sums?

Jan 27, 2022 12:08:37 PM
written by The Retirement Group

Could Lump-Sums for AT&T employees be on the decline? The November interest rates,  which AT&T uses to determine lump sum values for everyone who retires in 2022 were released in December. We now have new monthly segment rates which show that interest rates are continuing to rise. Rates have been steadily increasing over the past year and with the recent announcement of next year's interest rates we are very likely to see a reduction in lump-sum values for AT&T employees who retire in 2023. AT&T interest rates decreased in 2020 causing 2021 lump sums to hit record highs. Based on the current trend of interest rates and monetary policy announcements it is likely that rates seen in 2020 will be the lowest for the foreseeable future - meaning that the Lump Sum Values for AT&T employees who retired in 2021 will likely be the highest for the foreseeable future. When interest rates move up or down, your pension lump sum amount will move in an inverse relationship. 


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posted in Pension, Interest rates, AT&T

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

Interest Rates at KP Continue Rising, Decreasing Lump Sum Payments

Jan 25, 2022 3:55:00 PM
written by The Retirement Group

Lump-sums are decreasing for KP employees who wait to commence their pensions lump-sum.  With both short, medium, and long-term rates rising over the last month, the higher average rate will result in lower lump-sums for those retiring in March of 2022. When KP employees elect the month they would like to begin their pension, KP looks back to two months 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. However, rates have increased significantly over 2021 and 2022, causing a reduction in pension lump-sums.


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posted in Pension, Interest rates, KP

Interest Rates at Chevron Keep Rising, Lowering Lump Sum Payments

Jan 25, 2022 3:18:00 PM
written by The Retirement Group

Lump-sums are decreasing for Chevron employees who wait to commence their pensions lump-sum.  With both short-term and long-term rates rising over the last month, the higher average rate will result in lower lump-sums for those retiring in March 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.


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posted in Pension, Interest rates, Chevron

AT&T Lump Sums Likely To Drop in 2022 With New Interest Rate Announcement

Jan 6, 2022 4:07:25 PM
written by The Retirement Group

The November interest rates, which AT&T uses to determine lump sum values for everyone who retires in 2022 have been released. Rates have been steadily increasing over the past year and with the recent announcement of next year's interest rates we are very likely to see a reduction in lump-sum values for AT&T employees who retire in 2022. AT&T interest rates decreased in 2020 causing 2021 lump sums to hit record highs. Based on the current trend of interest rates and monetary policy announcements it is likely that rates seen in 2020 will be the lowest for the foreseeable future - meaning that the Lump Sum Values for AT&T employees who retired in 2021 will likely be the highest for the foreseeable future. When interest rates move up or down, your pension lump sum amount will move in an inverse relationship. 

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posted in Pension, Interest rates, AT&T

Chevron Rates Rising, Driving Lump Sums Lower

Dec 2, 2021 9:53:16 AM
written by The Retirement Group

It is crucial for Chevron employees, particularly those who reside in Texas, to understand how interest rates can impact your lump-sum.

Chevron interest rates increased by 0.08% in the most influential segment for those who commence their benefit in January 2022. With both short-term and long-term rates rising over the last month, the higher average rate will result in lower lump-sums for those retiring in January. 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, rates have increased, causing a reduction in pension lump-sums.


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posted in Pension, Interest rates, Chevron

AT&T Healthcare & Interest Rates Changing in 2022

Nov 12, 2021 12:47:00 PM
written by The Retirement Group

The November interest rates, which AT&T uses to determine lump sum values for everyone who retires in 2022 will be released in mid December. Rates increased in November and if that trend holds we could see a reduction in lump-sum values for AT&T employees who retire in 2022. If you decide to stay past December 31st, 2022, you could see a significant reduction in your lump sum. Interest rates are trending upward, and when interest rates rise, lump sums fall. If you believe that interest rates in November 2021 will be higher than November 2020 (Which is likely) you may want to consider retiring before January 1st, 2022. This will allow you to lock in the medical coverage and take advantage of a lower interest rate, which will increase your lump-sum amount.

 

Over 65 Years of Age? This Article in for You:

Social Security Article

65 or Younger? You'll Love this Article! 

AT&T Interest Rates Article

 

AT&T announced that there will be significant changes made to retiree’s healthcare benefits. Traditionally, when a retiree is eligible for Medicare (For most people this is at age 65), their primary health insurance is switched from the AT&T plan to Medicare.

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As many of you know those who retired after January, 1st 2021 no longer receive a healthcare reimbursement account from AT&T which helps cover things like out-of-pocket costs, incremental coverage, or supplemental coverage.


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posted in Healthcare, Pension, Interest rates

ConocoPhillips Interest Rates Continue to Fall, Increasing Lump Sums

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

Want the most updated ConocoPhillips interest rate article, click here.

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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