Folks - you seasoned vets that are still hanging in there. You missed your opportunity in 2021. How's the retirement calc looking with these rising rates? I wish you all good luck.
10 replies (most recent on top)
I've been thinking of choosing the monthly pension versus the lump sum. I know it won't be adjusted for inflation and I can't leave it to my kids but it doesn't go down either. Plus I have my 401k. My biggest fear is out living my retirement savings.
A clueless OP
Shame you have no idea about what you speak. Rates are locked in for lump sum till 11/23. Go away troll
If you are referring to lump sum pension segment rate it was set in November 2021. Doesn’t change until November 2022 and that is the rate for 2023. Obviously you’re not pension eligible. 10 point rate hike doesn’t effect 2022 retirements. Also segment rates don’t effect the monthly pension payment at all. FYI
The loss is literally a paper one if you can just wait it out. It will bounce back as long as you don't do anything silly as a kneejerk.
people retired in 2021 because they were going to lose their health care if they didn't although that probably isn't much anyway since att is slowly taking away everything.
Interesting that Bell South’s lump sum is not affected by rising segment rates as most if not all lump sum pensions are based on The IRS published segment rates. I’m curious what benchmark they do base it on? my amount rarely fluctuates on a daily basis but I do get about a $1000.00 bump about once a month though. Legacy T
Looks like some financial advisor is looking for business and forcing people to retire. I’m glad I did not retire in 2021 and does not plan to retire in 2022. These who did retire and handed their pension and 401k money to financial firms for management saw 20% loss and in addition they have to cough monthly fees for that. At least I’m making money by getting paid no matter what bear market throws at me.
Glad you asked. Legacy BellSouth/Southeastern pension is not affected negatively by interest rate increases. Pension amount inches up every day, provides some diversification, and softens the blow a bit from bear market hit to 401K and other equity positions... Still raking in the dough, my friend. Life is good.
The segment rates set for all of 2022 are up a little from 2021 but not that much. You do need to retire by years end to take advantage though. It’s getting uglier by the month. Pretty sure when Mays rates are published next week my lump sum will be down over 20%