Retire from Shell (Shell PLC)
As an independent advisor, we help Shell employees transition to retirement.
Retiring after decades of service in the energy sector can present its own unique set of challenges. Highly appreciated and large concentrations of company stock, periods of rapidly changing commodity prices, and decisions regarding when and how to take pensions are all factors that can drastically impact your long-term financial security in retirement.
That’s where we come in.
Located in Houston, Tx, we’ve helped many clients navigate their Shell employee benefits packages and retire from Shell and other companies in the energy sector. Given this experience, we understand the unique challenges and opportunities you face in your industry and company-specific benefits programs.
Whether a current Shell employee trying to determine how to maximize your Shell retirement benefits or retired and looking for help with diversifying your Shell stock, we provide highly customized solutions to help you maximize retirement.
We have extensive experience helping our clients navigate these types of uncertainties during their retirements.
Because of our experience managing retirement portfolios for energy executives and their families, we are able to offer our clients highly customized financial strategies tailored to their specific needs.
Here are the ways we may be able to help you:
Retirement Planning
Let us develop a comprehensive financial plan for you giving careful consideration to your specific spending goals and energy-specific risks. In addition to your Shell Provident Fund (SPF-401(k)) and Shell Pension Plan, we include any other benefits from previous employers and your spouse’s retirement benefits.
401(k) Rollovers
We carefully review your Shell Provident Fund 401(k) to look at pre-tax, Roth, and after-tax contributions to determine how to maximize your rollover. An NUA analysis for appreciated Shell stock is part of our process. Once ready to roll over, our team will help conduct the rollover process reducing the time your retirement savings are un-invested.
Net Unrealized Appreciation
A commonly overlooked and one-time-only opportunity for soon-to-be Shell retirees with appreciated Shell stock within a 401(k) is NUA. Not using NUA can cost investors a bundle in taxes if executed incorrectly. We can help you determine if NUA should be used and, with the help of an independent CPA, work through maximizing this opportunity.
Tax Planning for Shell Benefit Restoration Plan
If you participate in the Shell Benefit Restoration Plan and/or have a concentration of Shell Stock, complicated tax issues may arise when nearing retirement. We’ll coordinate with your tax professional to potentially reduce taxes during retirement.
Estate & Other Tax Issues
We know that the issues surrounding retirement aren’t just limited to navigating your Shell retirement benefits. It’s important to look at the bigger picture regarding your goals, especially if you have a complex estate and tax issues. With this in mind, we can assist in building a qualified team of independent financial, tax, and legal advisors. Keeping tax, legal, and investment advice separate reduces potential conflicts of interest.
Tax Efficient Cash Flow Planning
Once you’ve decided to retire, grasping how you’ll meet your monthly spending needs may be difficult to fathom. Through careful planning, we can help you develop an optimal withdrawal and cash flow strategy to potentially minimize taxes during retirement. Determining the optimal cash flow strategy can greatly impact the probability of not outliving your assets.
Diversification Strategies for Shell Stock
If you have a concentrated Shell stock position in your Shell Provident Fund 401(k), we can develop and implement retirement income and diversification strategies that seek to reduce your commodity and company-specific risks over time.
Independent Management for Your Self-directed Account
A little-known feature of the Shell Provident Fund is the self-directed Account Plan which allows participants to access more investment options in 401(k). Through Fidelity’s BrokerageLink®, we provide independent investment management that incorporates your entire financial picture when making financial decisions.
Shell Provident Fund & Shell Pension Plan Analysis
Lump sum versus monthly payments. We’ll help you maximize your Shell Pension Plan and your Shell Provident Fund to help optimize your income during retirement.
As a fully independent Registered Investment Advisor and fiduciary with over 25 years of experience, we have a legal obligation to put your interests first. Our fee-only model seeks to provide objective advice without the conflicts of interest commonly seen with banks, brokerage firms and mutual fund companies.
We do not sell any financial products and work directly for you. In our experience, Shell employees who have spent their careers subjected to the price swings in oil and gas deserve nothing less.
- We believe advice that is truly independent and objective is the only advice you can trust.
- To eliminate the conflicts of interest commonly seen with advisors employed by banks, brokerage firms and mutual fund companies, we work directly for 100% of our clients on a fee-only basis.
- We do not receive any fees or commissions from any financial products or from any transactions whatsoever.
- Should you need tax or legal advice, we can introduce you to independent CPAs and estate attorneys.
- While we would coordinate our services and strategies with these other advisors, they would work directly for you on a fee-only basis.
- To eliminate potential conflicts of interest, your tax and legal advisors would not be employed or controlled by our firm, nor would we have any fee sharing arrangements with them.
Find Out If An Independent Advisor Is Right For You
If you would like us to contact you about any of the issues mentioned above, please fill out the form below and one of our Financial Advisors will contact you shortly.
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