Are you an AT&T employee who’s suddenly thinking about retiring earlier than originally planned? Well, then it’s time to do some planning.
Picture this scenario: You’re an AT&T employee who is about to retire. Before you can walk out the door one last time, however, you must choose which AT&T pension benefit is right for you. Either a monthly pension, lump-sum pension, or a combination of the two depending upon your classification (management or union).
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.