Thursday, March 11, 2010

New Rates are Loaded in Benefits Center System -- PBGC Winning?

Let me start with our standard disclaimer that we are not affiliated with either Verizon or the Hewitt Benefits Center.

We have observed through some of the clients that we are working with that the new interest rates for the 2nd Quarter have been uploaded into the benefits center calculations. As we reported earlier on this site, the lump sum amounts have dropped.

It appears that the PBGC Rate is now producing the "winning" combination, at least for some of you. Unfortunately, the lump sum amounts are still lower than the prior quarter's amounts.

Please call Harris Financial Group at (800) 281-3980 to discuss your retirement and how these rates might affect you.

Wednesday, March 10, 2010

Package Rumors Heating Up

We expect that you will be hearing very soon about the latest package. We've heard a lot of the same rumors that you have, but nothing concrete yet. Please give us a call as soon as you receive a package so that we can evaluate your retirement options with you.

We would suggest that you visit some of the union websites, some of which contain information about a possible surplus, as well as the people who may be affected.

PLEASE REMEMBER that we are financial advisers who enjoy helping folks from the phone company with their retirement, and we think that's what we do best. We are NOT affiliated with either the union or Verizon.

Please call Harris Financial Group at (800) 281-3980.

Monday, March 1, 2010

GATT Averages 4.619% for February

By our estimation, the 2nd Quarter GATT Rate should be either 4.61% or 4.62% based on February's average. The official benefits center figure should be updated by the middle of this month. If you would like us to help you evaluate your retirement numbers, please call Harris Financial Group at (800) 281-3980.