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Financial Planning for ExxonMobil Employees

Are you retiring soon or need help analyzing your current benefits package?

Our team of experienced financial advisors are available to help you through the retirement process.
Over the years, we have helped hundreds of ExxonMobil employees and executives.

We will work with you to:
Review the various choices that are available regarding the ExxonMobil Pension Plan, including:
NUA (Net Unrealized Appreciation) stock in your ExxonMobil Savings Plan
• After-Tax contribution planning and Mega Backdoor Roth conversions in the Savings Plan
• Supplemental Savings Plan (SSP) and Supplemental Pension Plan (SPP)
• 401(k) loans and early distribution strategies
• Hedging concentrated XOM positions with protective options
• Stock compensation and RSU tax optimization
• Discussing your asset allocation strategy with the investment options available in the Savings Plan
• Other tax planning strategies like the Backdoor Roth IRA

ExxonMobil Pension Plan (EMPP)
You have choices to make when it’s time to retire. For many, the biggest decision is whether and when to take all or a portion of your EMPP benefit as an annuity or a lump sum. It’s more than just a question of the lump sum interest rate. The year in which you retire can impact your taxable income if part of your benefit is from the Supplemental Pension Plan (SPP) or the Additional Payments Plan (APP). You should also consider the irrevocable nature of choosing an annuity. We work through the alternatives with our ExxonMobil clients, and find a solution that’s most suitable for their circumstances. It’s a big decision — it’s worth a big conversation.

We will also discuss if you need or want to continue paying for Group Universal Life (GUL) insurance once you’re retired. Bogart Wealth is not affiliated with or endorsed by ExxonMobil.

Are you looking for independent advice?

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