GATT Rate is in the System!!

Please note that we have no affiliation with Verizon or the Verizon Benefits Center (Hewitt).

With the above disclaimer out of the way, we are happy to report that the new GATT Rate for the 1st Quarter of 2010 has been updated at the benefits center. The "official" rate appears to be 4.31%, which is very good news.

If you need our assistance with your retirement, please call Harris Financial Group at (800) 281-3980. We provide a wide variety of financial services and we know your retirement plan!

November GATT Rate -- Verizon

The all-important GATT Rate for the month of November 2009 will be between 4.31 and 4.33, depending on whether the number is rounded up. Please note that this figure is based on our unofficial calculations, and that you should always rely on information you receive from the benefits center. We are providing this information now because it may be a few weeks until the official number is updated in the benefits center computer system. We feel very confident that the rate used will be either 4.32 or 4.33.

Either way, it represents a small drop from the previous quarter's GATT Rate of 4.37%. This is good news, although you will likely not notice much of a difference from the 4th Quarter 2009 to the 1st Quarter 2010.

For our friends in West Virginia, this rate is especially good news, as it should provide you with the ability to work into early 2010. Please contact Jamie, Carl or Steve at (800) 281-3980 to discuss your personal situation in more depth.

Something to be Thankful for: November PBGC Rate!!

Although the focus of this website is usually on the GATT Rate, we can't forget about our good friend the PBGC Rate either. And wow, the PBGC delivered very good news with the most recent rate!

For more on how this could have a positive impact on your retirement, please contact Harris Financial Group at (800) 281-3980.

Monday's GATT Closes Around 4.287%

This will help bring down the monthly average ever-so-slightly. The GATT is starting to look pretty harmless this month for those of you hoping to wait until next quarter to retire.

Please Visit Our New and Improved Website

Jamie Cox and Holley Whitfield have been hard at work creating our new and improved website.

Please take a minute to visit the website to learn more about our firm and the services we offer.

GATT Rate Closes at 4.29% Today

Just past the halfway point, the unofficial monthly average currently stands at 4.35%.

This is good news for many of our Verizon friends in West Virginia and North Carolina, as well as anyone else who may be contemplating retiring in the 1st Quarter of 2010.

Please contact Harris Financial Group at (800) 281-3980 if you have questions about how the GATT Rate affects your retirement.

GATT Heads Lower

The GATT Rate has steadily dropped over the past few days, registering closing yields of 4.39, 4.36 and 4.26%. Although this is a welcome change, remember that what we're waiting for is the monthly average. We'll continue to keep you updated. In the meantime, please call Harris Financial Group at (800) 281-3980 for help with anything else related to your retirement.

Attention VZ Managers!

Please contact Harris Financial at (800) 281-3980 for an important update on the 10-year treasury rate and how it may affect your lump sum if you have recently received a RIF.

GATT at 4.41% Again Today

It's starting to look like the GATT Rate for this month will be pretty close to the previous quarter's rate. It's still too soon to say for sure, so please stay tuned as we continue to update throughout the month.

GATT Still Hovering Around 4.4%

The GATT Rate has been fluctuating between 4.39 and 4.41 over the past few trading days. For those of you monitoring the change in the quarterly GATT, this is still not a big move from the past quarter, which is good news.