This guide contains important content to review as you plan for retirement or are faced with an unexpected layoff. The resources below are gathered based on our experience teaching Boeing Off-Hours Retirement Classes for 20 years and working with over 800 Boeing retirees since 1986 who compose 80% of our clientele. This page is regularly updated with new information, so you have all the latest resources as soon as we do.
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Skip to: Layoffs - Voluntary & Involuntary | Four Important Questions | Planning for Retirement | Boeing 401(k) and Pension | Social Security | Medicare
Layoffs - Voluntary & Involuntary
- Employee Layoff Briefing PowerPoint
- Employee Layoff Briefing IAM 751 PowerPoint
- Retirement Benefits Process Overview - July 2020
- Summary of Benefits - Nonunion Employees (November 2020)
- Layoff Benefits Plan Summary - SPEEA
- Layoff Benefits Plan Summary - Employees Covered by a Collective Bargaining Agreement (non-SPEEA)
- Layoff Benefits Plan Summary - Nonunion Employees
- Voluntary Layoff Program FAQ for Employees
- Facing Layoff? Checklist and Resource Guide - Machinist Union
- Layoff Q&A - SPEEA IFPTE Local 2001
- COVID-19 Layoff Tips - PCMA
- Coping with the Emotional Impact of a Layoff - Stanford University
- 7 Questions to Raise Immediately After You're Laid Off - Harvard Business Review
- What to Do If You've Been Laid Off - The Everygirl
- Laid Off? Six Steps to Manage Your Finances - Monster.com
Four Important Questions
Hover your mouse over each question for the answer! If you're on mobile, please tap each question instead.
Can I afford to retire?It depends. There are many factors to consider such as your age, monthly expenses, and retirement capital. A detailed discussion and analysis regarding your income needs, time horizon, return objective, and risk temperament are crucial. | Should I pay off my outstanding debts?Ideally, you would want to enter retirement debt free. You need to consider the structure of the debt: amount, interest rate, payoff date, and monthly payment. Then, consider your ability to service the debt and the source of funds, if paid off, after layoff. |
Should I defer, withdraw, or rollover my Boeing 401(k)?There is not one right answer for everyone. There may be good reasons why you defer your Boeing 401(k) and other reasons why you rollover the funds. Careful analysis is critical considering investment, tax, and planning implications. Click here for additional information. | What are my health care options after COBRA?Medicare begins at age 65. Health care coverage prior to that time can either be extending your current plan through COBRA or purchasing commercial coverage on the open market. A financial advisor can help you understand how these options align with your overall financial goals. |
Planning for Retirement
- Lifetime Planning Overview
- Summary of Benefits - Nonunion Employees (November 2020)
- My Retirement Process Guide
- Retirement Resource Guide
- Educational Videos, Calculators, and Articles
Boeing 401(k) and Pension
- Boeing VIP Transition Guide
- Boeing 401(k) Fact Sheet for Current Nonunion Employees
- VIP Loan Guide
- VIP Fund Descriptions
- VIP - Annual Disclosure of Plan Investment Information
- Boeing Supplemental Benefit Plan (2016 edition)
- Q&A Regarding Changes to the Pension Value Plan (PVP)
- GAO Report 'Participants Need Better Information When Offered Lump Sums That Replace Their Lifetime Benefits'
- The IRA Rollover: 10 Tips to Making a Sound Decision
As of January 2022, the Boeing Voluntary Investment Plan (VIP) was renamed to The Boeing Company 401(k) Retirement Plan, or Boeing 401(k) for short. The company also transitioned all Boeing retirement plans to Fidelity (with pension plans transitioning in July 2022). You can find out more about this change here.
Social Security
- View Your Social Security Statement Online
- Fact Sheet for Workers Ages 18-48
- Fact Sheet for Workers Ages 49-60
- Fact Sheet for Workers Ages 61-69
- Fact Sheet for Workers Ages 70 and Up
Medicare
- The Official U.S. Government Site for Medicare
- Medicare Benefits: Enrollment Information
- Medicare Premiums: Rules for High-Income Beneficiaries
- 2023 Medicare Costs
- The Official U.S. Government Medicare Handbook - 'Medicare & You' - 2023
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