While an annuity payment is one of the most reliable sources of income during retirement, many retirees see their annuity payments wither away due to inflation. Inflation causes prices for almost every good and service to increase, so as time goes on your monthly expenses will increase even if your number of purchases stays the same. If, for example, inflation increases by 8% the value of your annuity payment would drop by 8%. This is significant since Lockheed Martin’s annuity payment is fixed and does not account for any cost of living adjustments, so your payment amount will not increase even though your monthly expenses will increase. Even though inflation devaluing your pension can be stressful to deal with, understanding this concept is crucial as it’ll allow you to better plan your retirement and ensure that you’ll be able to keep up with growing expenses.

Hi HR,

“What are the top 5 articles for PG&E employees in 2022?”
- Soon to be PG&E Retiree

Here is a list of the Top 5 articles so far in 2022:

Employees at PG&E may be approached by the company with an early retirement offer. Although it may initially seem enticing, it is always wise to consult with a financial advisor to discuss how this will affect your retirement plan. A financial advisor can assist you in numerous ways, including figuring out… Read more here

2. How Is Inflation Affecting Your PG&E Pension?

Whether you’re retired or looking to retire from PG&E, you’re likely to have questions about your pension payments and how inflation affects them. PG&E provides their pension in the form of an annuity. An annuity is a fixed monthly payment that is calculated based on a formula involving… Read more here

 

When people retire from their job, typically those with more than 20 years of employment with the company, the receptors in the brain that are impacted are the same ones that losing a loved one would affect. When an employee parts ways with the company they’ve been with for a lengthy… Read more here

4. What advice would you give to PG&E retirees that are currently surviving a bear market?

PG&E employees that are making the decision to retire right now are having a difficult time as they are caught in a declining market. Numerous PG&E clients have been confiding in me about their concern of losing their savings if the market doesn’t start to do better It can be a challenging thing for a... Read more here

5. Have you looked at your PG&E 401(k) plan recently?

I always educate my PG&E clients on the significance of taking as much time as they need to evaluate their 401(k) plan and perform modifications that fit their requirements. If you don’t remember the last time you assessed your 401(k) plan account or altered it… don’t worry, you’re not the only one. Read more here