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.
What is a Mega Roth IRA?
Mar 14, 2023 12:15:00 PM
written by
The Retirement Group
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman
Fortune 500 Employees: How 72(t) Avoids the 10% Penalty
Mar 14, 2023 10:04:39 AM
written by
The Retirement Group
How Fortune 500 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 Fortune 500.
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman
SIMPLE 401(k) Plan
Dec 20, 2022 12:23:31 PM
written by
The Retirement Group
What Is It?
In General
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman
Fortune 500 Employees: Lump-Sum Payouts and Annuity Purchase
Dec 3, 2022 10:46:35 AM
written by
The Retirement Group
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.
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman
Fortune 500 employees: Annuities Vs. IRA Withdrawals at 4% Rule
Nov 30, 2022 3:53:48 PM
written by
The Retirement Group
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.
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman
Alternative to the 4% Rule Using Variable Withdrawals
Jun 22, 2022 7:28:00 PM
written by
The Retirement Group
How much can you spend in your retirement from Meta without the risk of running out of money?
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman
RSU and 401(k) Benefits for Facebook Employees
Jun 10, 2022 5:20:00 PM
written by
The Retirement Group
With the recent news of Facebook's slowdowns and layoffs, it is time to assess your company's benefits and transition strategy in order to avoid tax consequences.
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman
Your Meta (Facebook) RSU Shortcut
Feb 10, 2022 5:19:00 PM
written by
The Retirement Group
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.
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman
Equity Compensation
Mar 13, 2019 3:02:00 PM
written by
The Retirement Group
Equity compensation that may or may not be available, sometimes called stock compensation or share–based compensation, is a noncash payout to select number of employees via restricted shares and stock options. The limited employees who received this perk gain stake in their companies, enabling them to hold partial ownership of the business and its profits. This is popular with startups that can’t afford to pay out huge salaries often include some form of stock benefits in their hiring packages to make their offers more competitive, and to motivate their employees to do better work.
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman