ATTN BP Employees,
Interest rates for April, impacting retirees collecting their BP RAP benefits on August 1st, 2022, unsurprisingly raised significantly last month. Fed Chair Jerome Powell and several of the Fed Board of Governors have been talking publicly about the need to continue raising short-term rates throughout the remainder of 2022 in order to get inflation under control.
The Fed has clearly signaled to investors they should be prepared for higher short-term rates in the coming months, and we see no reason to doubt that perspective. However, some economists point out that the bond market has already done some of the work by pushing longer-term interest rates higher – implying that the pace of increases should begin to slow in the coming months.
Interest rates directly affect the bottom line of your pension and understanding the mechanics behind this can mean the difference between thousands of dollars, if not more at retirement. If you would like to learn more about how your pension is impacted by interest rates or if you are concerned at the overall situation of financial markets today, please do not hesitate to contact one of our experienced financial advisors who specializes in knowing the inner working of your BP RAP plan. This service is free of charge for all BP Employees and Retirees.
To schedule a complimentary consultation with our team email firstname.lastname@example.org or call us directly at (877)739-6007.
Capstone Wealth Advisors
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 Wealth Advisors and its representatives are separate and apart from any other named entity.