RAP/Pension InterestRate Chart October 2019

BP EMPLOYEES, After August’s major drop in interest rates, September’s interest rates stabilized and remained at those levels so far in October; this was anticipated and consistent with our forecast from last month. If rates are able to maintain their current levels, those of you who are Heritage should be fairly happy with the impact.

BP 401(k) Model Allocations – Q4/2019

Attention BP Employees, Capstone Wealth Advisors is pleased to announce the release of our Q4 2019 model allocations for your BP ESP 401(k).  If you have been following our models this year you should be pleased with the results so far.  Based on current economic conditions both domestic and globally, we are reaffirming our Q3

RAP/Pension InterestRate Chart September 2019

BP EMPLOYEES,  With the surprise announcement last month of BP exiting Alaska, now is more important than ever that you pay attention to how interest rates can affect your pension balance. August’s interest rates, affecting December 1st benefit commencement dates, dropped dramatically potentially setting up a so-called “perfect storm” for those of you who will

RAP/Pension InterestRate Chart August 2019

BP EMPLOYEES,  ***Important notice*** DUE TO A CALCULATION ERROR BY THE IRS, BP’S PENSION DEPARTMENT MAY BE ERRONEOUSLY REPORTING THE INCORRECT VALUE FOR THE 30-YEAR TREASURY RATE FOR JULY 2019. PLEASE BE CAUTIOUS IF YOU ARE PLANNING ON USING NOVEMBER 1ST AS YOUR BENEFIT COMMENCEMENT DATE. NOVEMBER PENSION BENEFITS ARE BASED ON JULY’S INTEREST RATES.

BP Pension Funding Status (2019)

BP EMPLOYEES,  The annual funding report for your BP RAP was released recently and I felt it would be a good idea to spend some time to explain how it works. The question of the pension being restricted comes up quite a bit and I believe it is very important that you understand what it

RAP/Pension InterestRate Chart July 2019

BP EMPLOYEES,  Please be aware that we are watching the current situation with interest rates very carefully and will be notifying you if there was a meaningful reversal of the current trend. June’s interest rates (for those of you retiring before October 1st, 2019) dropped significantly and were inline with our expectations. As stated in

BP 401(k) Model Allocations – Q3/2019

Attention BP Employees, Capstone Wealth Advisors is pleased to announce the release of our Q3 2019 model allocations for your BP ESP 401(k). If you have been following our models this year you should be pretty pleased with the results so far. Based on current economic conditions both domestic and globally, we are reaffirming our

RAP/Pension InterestRate Chart June 2019

BP EMPLOYEES,  May’s interest rates (for those of you retiring before September 1 st , 2019) dropped noticeably and are currently at some of the lowest levels in several years. It appears rates will continue to drop significantly lower next month as well. This is especially good news for Heritage employees who are looking to

RAP/Pension InterestRate Chart May 2019

ATTENTION BP EMPLOYEES,  April’s interest rates (for those retiring before August 1st, 2019) have continued their decline over the past several months. This is mostly due to concerns that an economic slowdown may be coming for several major foreign countries and concerns about how that could impact the currently strong US economy.  This past month

RAP/Pension InterestRate Chart April 2019

ATTENTION BP EMPLOYEES,  March’s interest rates (for those retiring before July 1st, 2019) have dropped significantly but this is in line with our expectations.  The drop was largely due to the Federal Reserve indicating another shift in its outlook and hinting it may consider lowering interest rates sometime later this year or in early 2020.