You are receiving this email because at some point we identified you as being affiliated with Honda. The message below only impacts current Honda employees that are thinking about retiring in the near term. While it may not impact you directly, we included you on this message in the event you have friends or family that are affected by the change. Please feel free to forward this message on.
Honda has updated their interest rates for the lump sum calculation of the pension plan. From the estimates we’ve seen, it means A DECREASE OF ABOUT 25% TO YOUR LUMP SUM IF YOU WAIT TO TAKE IT UNTIL APRIL 1 or after!
This does not affect anyone planning on taking the traditional pension payments; it only impacts those looking to take the lump sum.
As always, we truly appreciate the trust and confidence you have placed in us. We will continue to try to bring you any updates that may affect your financial well-being.
Sincerely,
Tom McCarthy, CFP®, AIF®
Jim Cox, CFP®, AIF®
Ryan Mickelson, CFP®, AIF®
Mark Finney, CFP®, CRPC®, AIF®
Megan McCarthy Collins, CFP®
Quinn Mickelson, AIF®