During layoffs, Intel offers severance packages or voluntary separation packages (VSP) when cost reductions are a priority. Most recently, Intel announced layoffs impacting 15% of the workforce with a plan to cut $10 billion in total costs. If you’ve been offered a severance, layoff, or voluntary separation package at Intel, this guide will cover: The key components of the package... Read More
Today we are going to tell you everything you need to know about the Intel Minimum Pension Plan (MPP). We'll cover: How the Intel pension plan works How your Intel pension plan benefit is calculated The steps you should take if you're retiring from Intel But first, grab your FREE resources (no email required!) 👇 Pension: Lump Sum vs. Monthly... Read More
Intel's SERPLUS (Deferred Compensation) plan is eligible for those employees level 10 or higher and can be a fantastic way to reduce taxes and boost savings. But, there are a number of trade-offs with the program and issues to consider. So if you want to know exactly... What is SERPLUS and how it works How it compares to other Intel... 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
Previously, we’ve posted about the importance of giving health care costs and the plan decisions on the open market appropriate context when considering your ability to retire. Today, we want to discuss what may previously have been deemed a “too expensive” option: COBRA - because at least at Intel, it may no longer be the most expensive. Selecting an option for health insurance in retirement or during a gap in employment is always a concern for our... Read More
In a decade of working with Intel employees to help them understand their employer benefits and make smart financial decisions, we’ve analyzed nearly all the elements of Intel’s benefit package and documented most of it on our blog along the way. This post is meant to be a summary of all the tools, resources, and topics we’ve covered over the... Read More
The new year kicks off a lot of exciting changes to the Intel benefits plan. We’ve written about changes to the 401k, Employee Stock Purchase Plan, and SERPLUS (to name a few). What we haven’t touched on yet is the change to Intel’s HSA provider. As a reminder, an HSA is a Health Savings Account and is offered to employees... Read More
At Cordant we have the opportunity to work with many current and former Intel employees. With this opportunity comes the responsibility of ensuring that their financial plans, planning strategies, and retirement assets are up to speed with the ever-changing employee and retirement benefits programs. This year, being no different, Intel has communicated changes that impact both current employees and qualified... 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
Intel has from time to time offered separation packages to eligible employees as an incentive to retire, or at least to transition out of Intel. The most recent widely offered package was the Early Retirement Program (ERP) which Intel offered to eligible employees in 2016. While it’s unusual for a package to be offered to such a large number of... Read More
