Thread regarding Chevron Corp. layoffs

Interest Rates Rising

Is anyone contemplating leaving next year due to rising interest rates? Now is the time to start watching your Lump sum value!

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Post ID: @OP+1eVkARFO

12 replies (most recent on top)

Depending on your salary and bonus, you might be working for free if interest rates rise! Dec 2020 was the best time. If you stayed and will retire in another year, you missed the boat! Severance, unemployment and highest lump sum ever won’t make up for your 2-3 years of salary!!! And the headaches!! Hadn’t planned on retiring, but so glad I did!! I’ve made 3 times my salary on the lump sum pension investment!!

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Post ID: @4xfc+1eVkARFO

Depending on your salary and bonus, you might be working for free if interest rates rise! Dec 2020 was the best time. If you stayed and will retire in another year, you missed the boat! Severance, unemployment and highest lump sum ever won’t make up for your 2-3 years of salary!!! And the headaches!! Hadn’t planned on retiring, but so glad I did!! I’ve made 3 times my salary on the lump sum pension investment!!

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Post ID: @4wks+1eVkARFO

Thr Great Crew Change finally happened so lots of opportunities now. Get one!

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Post ID: @3zvi+1eVkARFO

If rates rise a couple points and you are over 50 you may be working for your bonus alone as your lump sum will decrease by more than your salary. You can model it online in the pension calculator tool.

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Post ID: @1xtd+1eVkARFO

Interest rates are rising, but have not raised much (yet). That said it is rare that rising interest rates reduce the pension faster than it grows by working longer. At worst it might be a wash this year.

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Post ID: @1pro+1eVkARFO

Well I guess those who haven’t left can stay another 5 years!

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Post ID: @1wkb+1eVkARFO

No one is retiring unless forced to. Therefore so what!

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Post ID: @1keq+1eVkARFO

Dec 2020 was the lowest interest rate scenario ever for our lump sum. It has slowly gotten worse since then but buckle your seat belt because rates will soar in 2022.

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Post ID: @1rwd+1eVkARFO

If you are within 5 years of retiring, sorry, you missed the boat. Rising interest rates are going to eat into your pension calculation, and you don't have enough time to wait it out. Reason #679 why so many people opted to EOI in 2020.

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Post ID: @oyi+1eVkARFO

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