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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..  
 
 
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SIMPLE 401(k) Plan

Dec 20, 2022 12:23:31 PM
written by The Retirement Group

What Is It?

In General


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman

Lump-Sum Payouts and Annuity Purchase

Dec 3, 2022 10:46:35 AM
written by The Retirement Group

When considering retirement or a job change from Fortune 500, it is imperative to learn about your eligibility for a lump-sum payment offered by your retirement plan.


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman

Annuities Vs. IRA Withdrawals at 4% Rule

Nov 30, 2022 3:53:48 PM
written by The Retirement Group

There are just a couple of things almost all Fortune 500 retirees need when they hit retirement: predictable income and protection against a cluster of risks, which include longevity risk, performance risk and sequence-of-returns risk.


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman

What is a Mega Roth IRA?

Nov 9, 2022 11:44:21 AM
written by The Retirement Group

The mega backdoor Roth IRA is a strategy ‘highly compensated employees’ or HCEs at Fortune 500 can use to increase retirement savings and shelter investment growth from taxes in retirement.


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman

Up-To-Date Market Week

Jun 28, 2022 2:43:54 PM
written by The Retirement Group

The Markets (as of market close January 20th, 2022)

Before reviewing your company 401(k) plan, check out how the market can affect your retirement. Last week saw stocks slide lower, despite a rally last Friday. Only the tech-heavy Nasdaq was able to post a gain among the benchmark indexes listed here. Throughout the week, investors had to balance data that showed inflation was waning with the impact rising interest rates may have on the economy. Several Federal Reserve officials indicated that now was not the time to stop interest-rate increases, but it may be appropriate to slow the pace of those hikes. While stock values slipped last week, Treasury yields declined, with 10-year Treasury yields falling for the third week in a row. Crude oil prices climbed higher for the second straight week on optimism over China's anticipated increase in demand. The dollar held relatively steady, while gold prices increased $7.00 per ounce.


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posted in Financial Planning, Lump Sum, Pension

ExxonMobil Q4 Lump-Sum Payments Likely to Fall, Based on Rising Rates

Jun 23, 2022 11:50:45 AM
written by The Retirement Group

Interest rates are trending upward, and if this trend continues ExxonMobil lump-sum payments will drop again in the fourth quarter of this year. The IRS has recently released the Segment rates for the month of May, recorded at: 3.23% / 4.59% / 4.69%. May's segment rates saw an increase of about 0.3% (in the second segment), which is a substantial jump for a single month.  This ongoing trend upward looks to be an early indicator of bad news for ExxonMobil employees opting for a lump-sum in the future.


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, ExxonMobil, Inflation

Alternative to the 4% Rule Using Variable Withdrawals

Jun 22, 2022 7:28:00 PM
written by The Retirement Group

How much can you spend in your retirement from Meta without the risk of running out of money? 


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman

Meta(Facebook) RSU and 401(k) Benefits

Jun 10, 2022 5:20:00 PM
written by The Retirement Group

With the recent news of slowdowns and reductions at Facebook, now is the time to get a refresher on your company benefits and understanding the transition process to minimize tax impacts.

This article will focus on your benefits and our Meta(Facebook) Transition page will discuss the 401(k) rollover process.

With turmoil now facing many employees historically Meta(Facebook) has been rewarding employees with some of the best benefits in the industry.  Meta(Facebook) offers RSU benefits as well as 401K very competitive matching contributions. These financial benefits have helped employees stay motivated and on track financially. 


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman

Handling Market Volatility with Confidence

Jun 4, 2022 11:45:00 AM
written by The Retirement Group

Investing in 2019 was fairly easy. The Standard & Poor’s 500 Index (S&P) returned nearly 28% for the year with only a few bumps along the way. Today, however, we're faced with a very different market. More and more uncertainties are seemingly hitting the headlines every day, from the global spread of COVID-19 and its potentially wide-spread economic impact, to a historically low Treasury note, and plummeting oil demand, resulting in a 13% drop in the S&P year-to-date, substantially wiping out gains from the past 12 months.


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning

ExxonMobil Lump-Sum Payments Likely to Decline in Q4 Based on Current Trajectory

May 25, 2022 9:56:18 AM
written by The Retirement Group

Interest rates are trending upward, and if this trend continues ExxonMobil lump-sum payments will drop again in the fourth quarter of this year. The IRS has recently released the Segment rates for the month of April, recorded at: 3.00% / 4.22% / 4.17%. April's segment rates saw an increase of about 0.5% (in the second segment), which is a substantial jump for a single month.  This ongoing trend upward looks to be an early indicator of bad news for ExxonMobil employees opting for a lump-sum in the future.


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, ExxonMobil, Inflation

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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.