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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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Up-To-Date Market Week

Jul 26, 2021 9:20:48 AM
written by The Retirement Group

The Markets (as of market close July 23, 2021)

Last week proved to be a choppy one for stocks. The week began with stocks trending lower on news of a spike in the number of coronavirus cases. However, strong corporate earnings reports helped support the perception that the economy is continuing to advance, despite the cloud of the Delta variant hanging overhead. By last Friday, both the Nasdaq and the S&P 500 reached record highs, with megacap tech stocks helping drive the indexes upward. The Nasdaq gained 2.8% to lead the major benchmark indexes, followed by the Russell 2000, the S&P 500, the Dow, and the Global Dow. Yields on 10-year Treasuries dipped 2.0 basis points lower, while the dollar and crude oil prices each ended the week higher. Gold prices, which had been climbing, took a slight step back, falling about 0.5%.

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posted in Financial Planning, Lump Sum, Pension

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.


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posted in Pension, Interest rates

ExxonMobil Interest Rates Continue to Rise through the Fourth Quarter

Jul 20, 2021 8:00:00 AM
written by The Retirement Group

 

Interest rates increased, which will minimally reduce the value of ExxonMobil employees' pension lump-sums. Over the course of 2020, interest rates at ExxonMobil dropped dramatically, which greatly increased many lump sum payments. This culminated in record low rates for individuals that commence their benefits in the first quarter of 2021. However, we saw an increase in rates for the second & third quarters of 2021 and now fourth quarter rates have risen slightly higher. Rates rose roughly 0.04% in the most significant segment, in the last quarter.  


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

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

Will Q4 ExxonMobil Interest Rates Continue to Rise?

Jun 21, 2021 1:30:00 PM
written by The Retirement Group

 

Interest rates are increasing which will reduce the value of ExxonMobil employees' lump-sums. Over the last year, interest rates at ExxonMobil have dropped dramatically, which has greatly increased many lump sum payments. This culminated in record low rates for individuals that commence their benefits in the first quarter of 2021. However, we saw an increase in rates for the second quarter of 2021 and now third quarter rates have risen even higher.  Rates have risen roughly 0.5% in the most significant segment, just in the last quarter.  If this trend continues, we could see a significant reduction in ExxonMobil lump-sum values. ExxonMobil's 4th quarter rates will be released next month, but early signs show they appear to be trending upward.


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

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

Rising ExxonMobil Interest Rates Reduce Lump-Sums

Apr 15, 2021 2:03:31 PM
written by The Retirement Group

 


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

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