ATTN BP Employees,

As specialists in the BP Retirement Accumulation Plan (RAP), we want to keep you informed about important updates that could affect your pension value. Interest rates have been a topic of concern recently, and we have some insights to share.

While interest rates for February moved in line with our estimates, we are anticipating heightened interest rate volatility (in both directions) over the coming months as financial markets sort through the banking sector’s issues and grapple with the possibility of our economy entering recession. Lower interest rates could bring welcome relief to the banking sector, but it could also lead to inflation ticking back up, as it did last year. While higher rates would increase pressure on undercapitalized banks already experiencing difficulties.

If we do see lower interest rates, your pension’s lump-sum value could benefit from that movement. Therefore, we believe that BP Employees looking to retire this year should consider delaying collecting their pension until interest rates appear to have bottomed out.

At Capstone Wealth Advisors Bellingham, 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. Financial markets may continue their downward trend well into 2023, and 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 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.


Capstone Wealth Advisors

Bellingham, WA


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