With August now just 2 weeks away, it is becoming more important to watch the GATT Rate closely. There were signs of optimism last week as the rate (which is the yield on the 30-year Treasury Bond) was down around 4.2% -- roughly where it was for the month of May.
But as of this morning, the rate is working its way back up to around 4.45%. This is potentially bad news for those of you thinking about retiring in the 4th Quarter of 2009. Remember, the higher the rate goes, the lower your lump sum pension payment will likely be.
We will closely monitor and report any movement in the GATT Rate over the next month. Please contact us if you would like some help figuring out your particular situation.