AT&T Employees Face The Largest Pension Drop in a Generation

AT&T employees who stay with the company into 2023 could see the largest reduction in their pension lump-sum payments in a generation. In this video, we cover the projected pension drop, how to calculate your pension, and how to potentially avoid pension losses.
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#retirement #att #401k #taxplanning #pension

00:00 - Introduction
00:10 - About TRG
04:41 - Pension Benefits Overview
05:25 - Pensions Options
07:34 - Service Pension Eligibility
09:26 - How Interest Rates Affect Pension
10:47 - Where Are Rates Now?
15:47 - Historic Interest Rates
16:05 - Example 1
17:58 - Example 2
22:12 - Pension Formulas
22:25 - Cash Balance Account
23:40 - CAM Benefit
23:58 - CAM Adjusted Career Income
26:56 - CAM Early Retirement Discount
27:50 - CAM Age Penalties
29:13 - Forms of Payment
31:37 - Get A Second Opinion
33:30 - Schedule A Meeting
34:08 - Disclosure
34:15 - Q&A Session
49:32 - Closing Remarks
50:11 - Outro

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Disclaimer: Advisory services through Wealth Enhancement Advisory Services, LLC, a registered investment advisor and affiliate of Wealth Enhancement Group®.

Wealth Enhancement Group is not affiliated with or endorsed by AT&T. This information is not intended as a recommendation or to provide individualized tax or legal advice. Discuss your specific situation with a qualified tax or legal professional. The opinions are subject to change at any time and no forecasts can be guaranteed. Investment decisions should always be made based on an investor's specific circumstances. Investing involves risk, including potential loss of principal.