RetireSource

RetireSource Welcome to RetireSource! We are a collaboration of retirement related organizations and resources br We hope you enjoy your visit!

At RetireSource, we partner with leaders in the industry to offer unbiased, cutting edge Retirement systems and solutions. Each partner brings a unique area of focus and knowledge to the table allowing us to offer a multitude of dedicated resources to help our clients achieve financial success. RetireSource offers a full suite of financial advisory services and we specialize in retirement planning

and ex*****on. In addition to providing strategies for growing your money, we will help map out a plan for retirement and provide critical pre and post support that includes navigating Social Security, Medicare, 72T income optimization, financial preservation & protection strategies among others. Having an advisor that is knowledgeable in both wealth accumulation and retirement, is critical to both growing your money and making sure it is positioned to work for you and your family for the long haul.

AT&T employees who retire after 12/31/20 will NOT be eligible for the Medicare HRA (Health Reimbursement Account), which...
12/22/2020

AT&T employees who retire after 12/31/20 will NOT be eligible for the Medicare HRA (Health Reimbursement Account), which provides $2,700 per retiree & $1,500 per spouse each year towards Medicare Plans & Out-of-Pocket Costs.

AT&T announces the current Medicare HRA amounts are good through 2023, subject to re-evaluation.

AT&T announces retirees who retire after 2021 will pay full cost for healthcare before Age 65.

The Pension Lump Sum interest rates this November, will determine the lump sum factors for 2021. Those rates are currently loaded in the Fidelity Pension Calculator. Most retirees will see a 7-10% increase in the lump sum for 2021.

AT&T also announces a reduction in credits to the pension formula, beginning in 2022.

Given the above changes, 2021 will be a great year to manage your benefits and retirement date. Contact us for more details!

12/22/2020

AT&T employees who retire after 12/31/20 will NOT be eligible
for the Medicare HRA (Health Reimbursement Account), which
provides $2,700 per retiree & $1,500 per spouse each year
towards Medicare Plans & Out-of-Pocket Costs .

AT&T also announces the current Medicare HRA amounts are
good through 2023, subject to re-evaluation.

How does the potential, future change in the Medicare HRA
benefit affect the incentive to retire in 2020?

The Pension Lump Sum interest rates this November, will
determine the lump sum factors for 2021. Those rates are
trending lower, which could mean larger pensions in 2021.
However, the Fidelity calculator will not have these rates until the
second week of December.

So…Is it better to stay eligible for the Medicare HRA and retire in 2020 or collect a potentially bigger pension in 2021?

Contact us for more information and/or help deciding what’s best for you and your family. 773-725-8488 or [email protected]

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West Dundee, IL
60118

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