Financial Intel Monthly

When considering retirement or a job change from Fortune 500, it is imperative to learn about your eligibility for a lump-sum payment offered by your retirement plan.

There are just a couple of things almost all Fortune 500 retirees need when they hit retirement: predictable income and protection against a cluster of risks, which include longevity risk, performance risk and sequence-of-returns risk.

The mega backdoor Roth IRA is a strategy ‘highly compensated employees’ or HCEs at Fortune 500 can use to increase retirement savings and shelter investment growth from taxes in retirement.

How much can you spend in your retirement from Meta without the risk of running out of money? 

With the recent news of slowdowns and reductions at Facebook, now is the time to get a refresher on your company benefits and understanding the transition process to minimize tax impacts.

This article will focus on your benefits and our Meta(Facebook) Transition page will discuss the 401(k) rollover process.

With turmoil now facing many employees historically Meta(Facebook) has been rewarding employees with some of the best benefits in the industry.  Meta(Facebook) offers RSU benefits as well as 401K very competitive matching contributions. These financial benefits have helped employees stay motivated and on track financially. 

How Meta(Facebook) Employees Can Avoid Penalties?

72(t) payments, also known as “substantially equal periodic payments,” are advantageous because they are exempt from the 10% early distribution penalty that usually applies to withdrawals before age 59 ½. You can take them from an IRA at any time, but only from a workplace plan after leaving Meta.

These days, many tech companies use restricted stock units (RSUs) to compensate their employees. This form of compensation can present meaningful upside over traditional cash if the company’s underlying stock performs well.