ATTN BP Employees,

We understand the importance of your pension lump sum value and how it can be affected by changes in interest rates. At Capstone Wealth Advisors, we specialize in helping you make informed decisions regarding your BP Retirement Plans, particularly during these uncertain times.

Last month, we saw a slight increase in the interest rates which directly impacts your BP RAP (BP Pension). These rates are specific to BP Employees collecting pension benefits on September 1st, 2023. Looking forward to next month, we anticipate a slight increase in Corporate Segment Rates with the Treasury Rate remaining the same.

During the most recent Federal Reserve meeting, Fed Chair Jerome Powell, decided to pause the current cycle of interest rate hikes, but hinted at additional rate increases in the months to come. Powell mentioned the possibility of two rate increases later this year and indicated that any rate cuts by the Fed are unlikely for quite some time. However, the general consensus among market participants suggests that there may be another rate increase later this year, with rates potentially decreasing as early as December 2023.

Fluctuations of interest rates can have a significant impact on your retirement planning. If you are considering retiring this year or next, it is crucial to seek professional advice during this volatile period. Making the wrong choices regarding the timing of collecting your retiree benefits could potentially result in a loss of tens of thousands of dollars within your pension lump sum value.

We offer a complimentary, no obligation consultation with one of our experienced financial advisors so you can make informed decisions for you and your family.

To schedule your consultation and take advantage of this valuable opportunity, please email us at info@capstonewealthadvisors.com  or call us directly at (877)739-6007.

Thank you for trusting us with your retirement planning. We eagerly await your response and look forward to assisting you in securing a prosperous future.

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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