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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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LSC Communications Pension Termination

Sep 27, 2023 1:33:25 PM
written by The Retirement Group

In a pivotal move, LSC Communications has made the difficult decision to terminate its pension plan, a decision driven by the plan's significant underfunding and the company's financial constraints. The LSC Communications pension plan's underfunding has been exacerbated by a multifaceted web of challenges. The printing industry's decline, coupled with the escalating costs associated with providing pension benefits, has created a perfect storm.


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posted in Financial Planning, Lump Sum, Pension, 2023, LSC Communications

Lockheed Martin Pension Window: What You Need to Know

Sep 27, 2023 11:48:05 AM
written by The Retirement Group

Lockheed Martin has provided employees and retirees with the option to receive a lump-sum payment. The corporation has decided to transfer its pension obligations to Athene Holdings Ltd., an insurance provider. This has sparked critical discussions and questions regarding the future of retirement security for those who have devoted their careers to the company. Athene assumes a crucial role in protecting the financial futures of Lockheed Martin employees and retirees.


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posted in Financial Planning, Lump Sum, Pension, Lockheed Martin, 2023

Need Tax Help? 2020 Year-End Tax Tips

Sep 2, 2023 1:30:18 AM
written by The Retirement Group

 


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

Wills: The Cornerstone of Your Estate Plan

Jul 13, 2023 10:26:25 AM
written by The Retirement Group

 


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

Retirement Plans for Small Businesses

Jun 7, 2023 3:19:17 PM
written by The Retirement Group

As a business owner, you should carefully consider the advantages of establishing an employer-sponsored retirement plan. Generally, you're allowed certain tax benefits for establishing an employer-sponsored retirement plan, including a tax credit for establishing the plan and a deduction for contributions you make. In return, however, you're required to include certain employees in the plan, and to give a portion of the contributions you make to those participating employees. Nevertheless, a retirement plan can provide you with a tax-advantaged method to save funds for your own retirement, while providing your employees with a powerful and appreciated benefit.

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

Social Security Disability Benefits

Jun 7, 2023 2:38:35 PM
written by The Retirement Group

 


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

Market Month: May 2023

Jun 1, 2023 11:23:43 AM
written by The Retirement Group

The Markets (as of market close May 31, 2023)

Before reviewing your company 401(k) plan, check out how the market can affect your retirement. The markets in May were marked by ongoing volatility. Inflation, questions over the direction of monetary policy, and slower liquidity growth impacted equities. The ongoing debt ceiling negotiations cast a cloud over financial markets for much of May. Investors worried about the ramifications of inaction as the June 5 deadline loomed. Even after the president and House speaker reached an agreement toward the end of May, concerns persisted over whether Congress would pass the bill to lift the $31.4 trillion U.S. debt ceiling.


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posted in Financial Planning, Lump Sum, Pension, Market

How Layoffs Can Have Negative Long-Term Consequences for Companies

May 2, 2023 11:41:32 AM
written by The Retirement Group

 


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

Financial Survival After a Job Loss

Mar 15, 2023 8:29:00 AM
written by The Retirement Group

 


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

What is a Mega Roth IRA?

Mar 14, 2023 12:15:00 PM
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

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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.