Whether insured or not, some of the biggest recurring expenses throughout your life are health care costs. Some AT&T employees can get an extra leg up on expected and unexpected medical costs with a health savings account (HSA).
During our 30+ years helping AT&T employees retire successfully, everyone has come to us feeling excited to start the planning process. But some have been surprised to find out our recommendations differ from what they heard elsewhere.
In addition to spinning off WarnerMedia, AT&T recently announced that it was reducing its dividend. This negatively impacts the telecom giant’s shareholders, many of whom are AT&T employees.
As an AT&T employee, one of the most important financial decisions you’ll make comes near the end of your career: Should I choose an AT&T lump sum or monthly annuity pension?
Exploring new places and new things is actually a way to learn more about yourself. As the poet T.S. Eliot put it: “The end of all our exploring will be to arrive where we started and know the place for the first time.”
Major changes are coming to AT&T’s retirement benefits for management employees.
In mid-December, AT&T sent an email to many management employees announcing an adjustment to the way future pension credits are calculated, along with the elimination of retirement health insurance and a reduction in retiree life insurance.
These days, it is rare for someone to spend their career in one place. Most people jump around, leaving for a higher salary or winning work culture, much like professional athletes. There is nothing wrong with trying to better yourself, but it can come with a downside when you’re ready to hang it up: finding all of your old retirement benefits.
For many AT&T employees, the opportunity to retire comes earlier than planned. To restructure its workforce, AT&T will at times present retirement-eligible employees with a Supplemental Income Protection Plan (SIPP) offer. This provides a financial incentive to voluntarily leave the company, should you accept it. Typically, you only have a short window of time, around 7-14 days, to decide.