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Boeing Retirement

Heritage Employee, Non-E Series

This is a notional/baseline schedule of actions for the typical Boeing employee in the retirement planning and transition process. It is provided for informational purposes only as each potential retiree has his or her own special needs and planning considerations.

 

  • 12 months before retirement
    Collect all financial data, run cash flow analysis, and asset projections. Determine spending needs and baseline.
     

  • 9 months before retirement
    Analyze client's ability' to retire and meet cash flow needs. Review client risk areas, cash flow, and asset funding sources. Determine go/no go based on client comfort. Review client specific risk sheet and discuss.
     

  • 6 months before retirement
    Review/discuss client estate planning, refer to attorney for specific document execution. Review/discuss long-term care planning needs. Run proposals to do cost/benefit analysis to offload LTC risk and evaluate scenarios.
     

  • 5 months before retirement
    Review proposed investment structure and asset plan. Goal is cash flow generation and long-term growth.
     

  • 2 months before retirement
    Call total access to request your commencement package. Open investment accounts, sign paperwork. A few days after, you will be given access instructions to view your accounts online.
     

  • 1 month before retirement
    Complete and submit commencement package to Boeing. Notify supervisor and HR of intent to retire.

  • Retirement day
    Complete termination papers and sign payroll clearance with supervisor. Turn in badge, keys, and clearances.
     

  • 2 weeks after retirement
    You will receive your last payday balance, plus vacation and sick leave dollars and any other payouts.
     

  • 3 weeks after retirement
    Boeing/ING VIP plan should be unrestricted. You can pay off any loan balances or default and autopay them from savings. If there are no restrictions or upon loan payoff, you will roll over your balances into the accounts set up to meet the plan as laid out above. (Specific instructions will be given.)
     

  • 5 weeks after retirement
    You will receive your first two pension checks, one in arrears and one for the current month.
     

  • 7 weeks after retirement
    You will receive your first monthly asset plan distribution. Following months will be on a day/month schedule.
     

  • 9 weeks after retirement
    We will review your portfolio structure, asset allocation, investment performance and bounce it back against your plans as determined in the above process. After the initial review, you will be on a quarterly review cycle for your investments and financial planning needs.
     

 

  • Quarterly
    Review and amend, if necessary, investments. Review and amend, if necessary, any client financial planning needs.
     

  • Annually
    Around the second week of February, you will receive all tax documents.
     

  • Miscellaneous
    You will receive monthly investment statements in the mail, have access to view all accounts that are web-based, and have quarterly reporting mailed to you and web access via Investor360°.

 

 

This retirement planning schedule is provided for informational and overview purposes only. It is a notional template and should not be relied upon as an actual retirement action plan. Actual schedule and action items will vary for each potential retiree. No guarantees are stated or implied and each person should contact his or her own financial advisor for specific retirement planning needs. Fixed insurance products and services offered by Retirement Capital Advisors.

Proprietary for client use only, Retirement Capital Advisors, all rights reserved.