What Is It?
In General
Dec 20, 2022 12:23:31 PM
written by
The Retirement Group
In General
posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman
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.
posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman
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.
posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman
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.
posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman
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.
posted in Financial Planning, Lump Sum, Pension, Retirement Planning, ExxonMobil, Inflation
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?
posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman
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.
posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman
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.
posted in Financial Planning, Lump Sum, Pension, Retirement Planning
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.
posted in Financial Planning, Lump Sum, Pension, Retirement Planning, ExxonMobil, Inflation
Apr 20, 2022 4:43:54 PM
written by
The Retirement Group
Want to see our most updated article on ExxonMobil interest rates, click here.
Interest rates are tending upward, if this trend continues it will decrease the value of ExxonMobil employees' pension lump-sums. The IRS has recently released the Segment rates for the month of March, recorded at: 2.44% / 3.71% / 3.94%. Over the course of 2021 and now into 2022, interest rates at ExxonMobil increased significantly, which greatly reduced many lump sum payments. With record low rates culminating in the first quarter of 2021, ExxonMobil employees have since seen a significant increase in interest rates. We saw rates rise consistently in 2021 and with the announcement of March segment rates those waiting until the third quarter will likely see an even further reduction in lump sums. This ongoing trend upward looks be an early indicator of bad news for ExxonMobil employees opting for a lump-sum in the future.
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.
The Retirement Group educates employees who are transitioning or retiring from Fortune 500 companies through monthly newsletters and seminars given throughout the United States. Our knowledgeable representatives will educate you through workshops conveniently conducted near you. Please attend a free workshop, read the Asset Allocation Questionnaire, call us at 800-900-5867, email us at info@theretirementgroup.com, or visit the contact page on this website to learn more. Visit our blog for more Client Articles!