ATTN BP Employees,

Interest rates impacting your BP RAP (BP Pension) dropped slightly over the last month. However, we estimate the Treasury rate and Corporate Segment rates will rise slightly over the next month. As we noted previously, it’s important to understand that these expectations can be subject to change based on new economic developments and shifts in the Fed’s policy stance.

In May, Fed Chair Jerome Powell, delivered on his promise by increasing short-term rates by 0.25%. “Economic activity expanded at a modest pace in the first quarter,” he said at the press conference following the meeting. “Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient.” Despite Powell’s confident tone, investors are cautious. The Standard & Poor’s 500 index is essentially unchanged in the past 12 months, and investors hold near-record levels of cash.

At Capstone Wealth Advisors, we specialize in understanding the inner workings of your BP Retirement Plans and how to help you make decisions that best suit your individual situation. If you’re considering retiring this year or next, we cannot stress enough the importance of getting professional advice during this highly volatile time. Choosing the wrong month to collect your retiree benefits could cost you tens of thousands of dollars.

We’re offering a complimentary consultation with our experienced financial advisors, to provide guidance on how your pension is affected by interest rates and help you navigate the current financial landscape. This service is free of charge for all BP Employees and Retirees.

To schedule your consultation, please email us at info@capstonewealthadvisors.com or call us directly at (877)739-6007.

Thank you for entrusting us with your retirement planning. We look forward to hearing from you soon.

Regards,

Capstone Wealth Advisors

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.

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