If you're preparing to retire from ExxonMobil, you've probably heard about segment rates—and how they directly impact the value of your pension lump sum.

In this episode of The Personal Finance Project, our team at Baird Retirement Management breaks down:

• How the ExxonMobil pension plan (defined benefit plan) works

• What segment rates are and how they affect lump sum vs. annuity options

• Why timing your retirement date by even one month can mean tens of thousands of dollars difference

• The latest 2025 segment rate updates and what they mean for ExxonMobil retirees

• Key considerations: taxes, supplemental pension, retirement age, and planning around Social Security

Whether you're debating lump sum vs. annuity, wondering if you should delay your retirement, or just trying to understand what segment rates really mean, this episode gives you the clarity you need.

Perfect for:

• ExxonMobil employees preparing to retire

• Families navigating Exxon's pension system

• Anyone looking to make smarter, better-timed retirement decisions

Subscribe to The Personal Finance Project for more retirement strategies, pension insights, and ExxonMobil updates. Questions or topics you'd like us to cover? Email us at [email protected].