<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">
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

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.

Additional Articles You May Enjoy:

New call-to-action

New call-to-action

New call-to-action


Read More

posted in Pension, Interest rates, ConocoPhillips

Chevron Rates Fall, Pushing Lump Sums Higher

Oct 22, 2021 10:15:00 AM
written by Wesley Boudreaux of The Retirement Group (800) 900-5867

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 decreased by 0.05% in the most influential segment for those who commence their benefit in December 2021. While rates short-term and medium-term rates rose over the last month, the lower average rate will result in slightly higher lump-sums for those retiring in December. 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.


Read More

posted in Pension, Interest rates, Chevron

AT&T Lump Sums Will Likely Decline in 2022 After Hitting Highs in 2021

Oct 15, 2021 7:05:00 AM
written by Kevin Won of 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. AT&T interest rates decreased in 2020 causing 2021 lump sums to hit record highs. However, rates are now rising which will likely reduce lump sums for those who retire in 2022. When interest rates move up or down, your pension lump sum amount will move in an inverse relationship. Through the pandemic, interest rates have dropped dramatically which has greatly increased many lump sum payments. This trend culminated in record lows for individuals who commence their benefits 2021. However, rates have increased in 2021, and larger trends show that they will likely increase further, potentially causing a significant reduction in pension lump sums in 2022.

 

 

Additional Articles You May Enjoy:

New call-to-action

New call-to-action

New call-to-action


Read More

posted in Pension, Interest rates, AT&T

ConocoPhillips Interest Rates Begin Upward Trend, Reducing Lump Sums

Sep 20, 2021 4:57:00 PM
written by Tyson Mavar RICP® of The Retirement Group (800) 900-5867

Interest rates are trending in the wrong direction for ConocoPhillips employees, considering the lump sum option on their pension payment, moving into Q1 2022. Interest rates had dropped for individuals who wish to 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 segment rate increase in Q4 indicates an upward 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). Even though it is too early to know blended interest rate figures for the first quarter of 2022, August figures were just released, and they show a slight increase, which is bad news for ConocoPhillips employees electing a pension lump-sum. August segment rates were recorded at: 0.66% / 2.50% / 3.12%.


Read More

posted in Pension, Interest rates

Chevron Rates Decreasing, Pushing Lump Sums Upward

Sep 15, 2021 12:00:00 AM
written by Wesley Boudreaux of The Retirement Group (800) 900-5867

Chevron interest rates decreased 0.11% in the most influential segment for those who commence their benefit in November 2021. This correlates to this month's overall decrease in rates, and the result will be slightly higher lump-sums for those retiring in November. 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.


Read More

posted in Pension, Interest rates

Chevron Interest Rates Decline, Raising Lump-Sums

Aug 19, 2021 3:02:31 PM
written by Wesley Boudreaux of The Retirement Group (800) 900-5867

 

Chevron interest rates decreased 0.19% in the second segment for those who commence their benefit in October 2021. This is the first time in several months that interest rates have dropped this much, and the result will be slightly larger lump-sums for those retiring in October. 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 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 increased, causing a reduction in pension lump-sums.


Read More

posted in Pension, Interest rates

ConocoPhillips Interest Rates Trend Downward, Good News for Employees

Aug 15, 2021 12:00:00 AM
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). Even though it is too early to know blended interest rate figures for next quarter, July figures were just released, and they are lower than the previous month, which may be good news for ConocoPhillips employees electing a pension lump-sum. July segment rates were recorded at: 0.63% / 2.51% / 3.10%.


Read More

posted in Pension, Interest rates

AT&T Healthcare & Interest Rates Changing in 2022

Aug 1, 2021 1:43:00 PM
written by Kevin Won of 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.


Read More

posted in Healthcare, Pension, Interest rates, AT&T

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.


Read More

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).


Read More

posted in Pension, Interest rates

Content not found

Check the background of this investment professional on FINRA BrokerCheck

TRG Retirement Guide

Subscribe for Email Updates

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.