How WealthVisory Supports ExxonMobil Employees
At WealthVisory, we offer specialized financial planning services tailored for ExxonMobil employees. Our deep understanding of ExxonMobil’s unique financial landscape, including their specific benefit plans and compensation structures, sets us apart.
Here’s how we leverage our expertise to assist you:
Navigating the Voya Savings Plan (401k) – Your Path to a Secure Retirement
The Voya Savings Plan, or your 401(k), is a vital tool for preparing for retirement, offering significant tax advantages. We understand how ExxonMobil’s 401(k) plan works and provide tailored advice to help you optimize your savings strategy. Whether you’re using pre-tax, after-tax, or Roth contributions, we’ll help you find the right balance to meet your retirement goals.
Maximizing Tax Efficiency and Growth
By contributing pre-tax to your 401(k), you lower your taxable income, which can reduce your current tax obligations. ExxonMobil’s generous 7% match on contributions enhances your savings, even though it’s not tax deductible. We ensure you’re aware of annual contribution limits and guide you in leveraging these benefits for optimal growth. Additionally, we assist you in navigating required minimum distributions upon reaching retirement age to ensure a smooth transition.
Optimizing Your Investment Strategy – Diverse Options for Growth
With a range of investment options within the ExxonMobil Voya Savings Plan, including ExxonMobil stock, equity units, extended market units, international equity units, bond units, and balanced fund units, our firm provides strategic guidance tailored to your financial goals. Whether you’re interested in direct investment in ExxonMobil stock or diversifying with global and fixed-income options, we help you create a balanced portfolio that aligns with your risk tolerance and growth objectives.
Utilizing Net Unrealized Appreciation (NUA)
Net Unrealized Appreciation (NUA) is a key consideration for ExxonMobil employees. It involves the increase in value of ExxonMobil stock in your 401(k) account. We offer strategies to leverage NUA to defer taxes and potentially benefit from capital gains tax rates, enhancing your overall tax efficiency and account balance.
Strategic Planning for RSUs
Restricted Stock Units (RSUs) are often a significant part of your compensation. Our expertise in handling RSUs helps you navigate unique tax implications and develop a diversification strategy that aligns with your financial goals.
Comprehensive Retirement and Estate Planning – Securing Your Future
At retirement, you can choose between a lump sum or monthly annuity from ExxonMobil’s pension plan. Each option has distinct benefits and implications. We provide personalized guidance to help you make an informed decision based on your retirement goals and financial situation.
Planning for Estate and Legacy
We assist you in developing a comprehensive estate and legacy plan, ensuring your assets are managed according to your wishes and optimizing tax efficiency. Our services include planning for charitable giving, if desired, to align with your philanthropic goals.
Value-Added Services
In addition to the core pillars of financial planning—investment management, risk management, tax planning, retirement income planning, estate and legacy planning, and charitable giving—we offer value-added services to further enhance your financial strategy. These services are designed to address your specific needs and provide additional support for a secure financial future.
Ready to Learn More?
By combining our expertise with an in-depth understanding of ExxonMobil’s financial landscape, we offer tailored solutions that help you navigate your financial journey with confidence. Reach out to us today to find out how we can help.