Article Summary & Key Points Employees of what was formerly Mentor Graphics, now Siemens, may find that they are eligible for Siemens’ Deferred Compensation Plan (DCP) and wonder if they should defer their salary and/or bonus into the plan. In this article, we lay out 4-steps to consider as you evaluate this decision: Why Defer? The Benefits of Deferred Compensation... Read More
**UPDATE: We are aware that Intel has changed course and will NOT be changing its minimum pension calculation. We will update this blog post as more information is available.** Today we are going to tell you everything you need to know about the upcoming 2021 changes to the Intel Minimum Pension Plan (MPP). We are also sharing free resources and... Read More
Ideally, with each paycheck or bonus paid we would have all the cash flow we need to support regular cash-flow needs, achieve our larger financial objectives and optimize deferrals to tax-advantaged accounts and other tax savings opportunities. However, money is a resource, and like most resources it’s limited. We are forced to prioritize where we spend, the objectives we further,... Read More
A clever person once said it’s “difficult to make predictions, especially about the future.” This is true with most things, and it's undoubtedly true with investing. However, despite the unpredictability of the future, there comes a time when we must place our bets and choose a direction—Ideally, one that tips the odds in our favor. 409(a) Nonqualified Deferred Compensation Plans... Read More
Last week, I wrote a post on the investment changes in Intel’s SERPLUS account, but I did not address one additional change that should be considered when electing how much to defer to SERPLUS so let’s address that change here: The change is that in 2020, Intel will match SERPLUS deferrals up to 5% of “excess pay.” The match replaces... Read More
Those who are eligible to participate in Intel’s non-qualified deferred compensation program (“SERPLUS”) recently received notification that the investment options have changed, and they will soon receive a reminder that the election window will open for 2020 deferrals in early November. These notifications raise three questions: Are the changes improvements? What actions do I need to take? What is the... Read More
If you’re contemplating retirement, there’s a lot to consider. You may be asking yourself, how do I create an income stream in retirement? Am I being smart with taxes? Is there anything I’m missing? If you happen to be a long-tenured Intel employee, there are factors unique to Intel that need to be considered in order to answer these questions.... Read More
For those eligible to participate in the Intel Sheltered Employee Retirement Plan Plus, more frequently referred to as SERPLUS, the annual enrollment window is now open. You must enroll in each year to participant in the plan, which for 2017 contributions must be done between Nov. 14th and Dec. 2, 2016. Each year we get questions about how the plan... Read More
Recently on the blog we’ve looked at a few key decisions anyone retiring from Intel must make once they stop working. We saw how to generate a paycheck via a rebalancing process and learned how ‘withdrawal order’—a seemingly simple change—can have major ramifications on your ending wealth and the amount of taxes you end up paying. Another key decision those... Read More
Every year around the beginning of November those eligible to participate in Intel’s deferred compensation plan (called SERPLUS) get a friendly reminder: the election window for the upcoming year is open. It’s only during this window the contribution amount and distribution elections can be made. What is the best way to make your election decision? Keep reading to find out... Read More