BP Employees,
Interest rates are back on the rise again.
After a few months of bouncing around, the rates used to calculate BP lump sum pensions ticked up in April. If you’re planning to retire sometime this year, that’s important to know — higher rates usually mean a lower lump sum payout.
So, what’s going on?
Markets have been reacting to ongoing uncertainty — including mixed signals from the Federal Reserve and some recent trade-related headlines. All of this has kept bond yields elevated, which directly impacts how your pension is calculated.
What does this mean for you?
If you’re planning to retire this summer or later this year, please use the attached Capstone RIA BP RAP Interest Rate Chart to match your retirement timeline and plug in the appropriate rates to get an estimate of your lump sum. If you’re unsure how to do that, or want help running the numbers, we’re happy to walk through it with you.
Bottom line:
If you’re within a year or so of retirement, now’s the time to take a serious look at how rates may affect your payout. These small monthly changes can lead to a big difference in your final number.
As always, please reach out if you’d like help reviewing your options or need a custom projection.
If you’re not currently working with our team and want to discuss your personal situation with one of our experienced financial advisors — who specializes in the intricacies of the BP Retirement Plans — email us at info@capstoneria.com or call our office directly at (877) 739-6007. There’s no cost or obligation to have a conversation.
Best wishes,
Capstone RIA
Bellingham, WA
877-739-6007
Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
Stock investing involves risk, including loss of principal. International & Emerging Markets investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors. These risks are often heightened for investments in Emerging Markets.
Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.
Confidentiality Notice: This email transmission and its attachments, if any, are confidential and intended only for the use of particular persons and entities. They may also be work product and/or protected by the attorney-client privilege or other privileges. Delivery to someone other than the intended recipient(s) shall not be deemed to waive any privilege.
Capstone RIA and its representatives are separate and apart from any other named entity.
