Financial Planning for Marathon Oil Employees
As a Marathon Oil employee, chances are you have some questions about your plans and benefits. By coordinating company benefits with your outside assets, we help you understand each offering so you can maximize your benefits and achieve your personal financial goals.
Marathon Oil Thrift Plan
We can help ensure you are maxing out both pre-tax and after-tax in the Marathon Oil Thrift Plan, annually converting after-tax money from your 401(k) to a Roth for tax-free growth, and ensuring you have the proper allocation for your goals. In addition, we can coordinate annual backdoor Roth contributions in conjunction with your workplace savings.
Did you know we can actively manage the funds in your Marathon Oil thrift? No more “set it and forget it.” No more complex workarounds to adjust your funds. Through Fidelity Brokeragelink® accounts, you’ll gain access to additional funds and our expertise to help guide and actively manage your investments in coordination with your non-company, or outside,-workplace assets. Unlike other ‘advisors’, we don’t push you to roll out to an IRA when it’s not in your best interest.
Marathon Oil Excess Benefit Plan
If you are a participant in the Marathon Oil Excess Benefit Plan we can assist you in understanding how your choice of when to retire affects the after-tax value of plan as well as structuring the investments to work in coordination with the rest of your financial assets.
At Marathon a significant portion of your compensation can come from the varying incentive plans. It’s important to coordinate the stock options and restricted stock plans with the rest of your financial assets. We work with you to reduce overexposure to Marathon Oil stock in a tax-efficient manner that’s fits with your overall financial goals.
• Marathon Oil Stock Options, both Incentive Stock Options (ISO) and Non-Qualified Stock Options (NQSO)
• Marathon Oil Restricted Stock
• Annual Cash Bon
Job Insecurity at Marathon Oil
If you find yourself being offered a layoff or voluntary severance package from Marathon Oil, we can help you determine if retirement is a viable option and make sense of the most critical decisions about your company benefits.
How can you know if accepting a job offer is the right move, for your wallet and your health? We can help you map out the difference in value between your current job and the one you’re being offered. Oftentimes, it is hard to directly compare the value of two compensation packages. Whether you decide to take the job or not, we’ll help you optimize your elections at Marathon or at your new company.
Ready to Retire From Marathon Oil?
After working with hundreds of Marathon Oil employees, we can help you see around the corner to get a realistic picture of what retirement will look like for you. Upon leaving Marathon Oil, we will be able to walk you through your retirement package and ensure your elections are handled correctly, which is important to help you avoid losing any benefits and minimize taxes. We can educate you on best practices for additional tax-preferential saving strategies, including 401(k) after-tax contributions and backdoor Roth IRA contributions.
Marathon Oil Thrift Plan
As you think about retirement, you might be asking the question: From where should I be taking the money I need for expenses? We can help you transition from accumulation to deaccumulation, understanding which of your assets you should be pulling from in what order to minimize taxes and ensure a smooth retirement. In addition, we can also assist with rebalancing your Marathon Oil Thrift Plan for your transition into retirement, taking into account your full financial picture.
Do you know we can actively manage the funds in your Marathon Oil thrift? No more “set it and forget it.” No more complex workarounds to adjust your funds. Through Fidelity Brokeragelink® accounts, you’ll gain access to additional funds and our expertise to help guide and actively manage your investments in coordination with your non-company assets. Unlike other “advisors,” we don’t push you to roll out to an IRA when it’s not in your best interest.
Marathon Oil Excess Benefit Plan
If you’re a participant in the Marathon Oil Excess Benefit Plan, we can assist you in understanding how your choice of when to retire affects the after-tax value of plan and structure the investments to work in coordination with the rest of your financial assets.
The Marathon Oil Retirement Plan
One of the biggest elections you will make is how to receive your Marathon Oil Retirement Plan pension benefits. It is important to understand the tradeoffs between lump sums and annuities, how changing interest rates can affect lump sum values, and the implication of timing and taxes. Before you make an irrevocable election, let us give you a second opinion.
Setting Up Your Consulting Practice
Upon retirement from Marathon Oil, many of our clients choose to continue working as a consultant. If you plan to do this, we can help you understand how to structure your finances and retirement to fit your new role.
•Liability Protection for LLCs
•Tax Deferral Strategies for Solo 401(k), Sep IRA and Solo Pension Plans
•Negotiating compensation with an understanding of how consultants get taxed (1099) over W2 employees
When Should I Retire from Marathon Oil?
When you decide to retire can have a significant impact on your retirement income. You may be better off waiting just a couple more weeks or opting for a date just one month earlier. By projecting current interest rates, we can determine a more tax-efficient retirement date for your next big transition.
Nick Johnson, CFA®, CFP®
Nick Johnson CFA®, CFP® believes that financial planning is more than numbers on a balance sheet and a standardized process. People are unique and should be treated as such. As vice president and wealth manager at Willis Johnson & Associates, Nick’s goal is to develop a solid understanding of his clients while providing a proactive approach to comprehensive wealth management.
Nick is responsible for monitoring the financial health of his clients and providing timely updates regarding changes to their financial plans. To effectively monitor a client’s financial well-being, an advisor must have a firm grasp of the life passions and/or goals specific to that individual. It is Nick’s job to initiate productive conversations where he can combine his own financial planning wisdom with the unique emotional elements of a corporate professional’s life.
Overall, Nick measures financial planning success by his ability to help corporate professionals maximize their hard-earned money. However, Nick considers himself successful as an advisor when clients naturally turn to him for financial advice as they would like a trusted family member or close friend. In addition to serving as an advisor, Nick serves an integral role as a member of Willis Johnson & Associates Investment Committee.
The Investment Committee makes all of the decisions in regards to asset allocation, style/theme distribution, and security selection for their client portfolios. Nick’s strong analytical skills, dedication to the fundamentals of investing, and Chartered Financial Analyst designation bring unique insight to their investment decisions.
In school, Nick always had a passion for analytic research and analysis but found within himself the need to balance that with personal connections. These desires led him to pursue a dual major in finance and drama, along with a minor in economics from Trinity University. He thrived in the finance and economics classes, often finding himself leading study groups and teaching concepts that came easily to him.
While concurrently studying finance, Nick spent most of his free time in the theater department working on over 40 stage productions both in the department and the community at large. This in-depth study of the humanities let him deepen his understanding of the motivations and inter-workings of people, a skill he uses very much to this day.
After graduating from Trinity University, Nick began working as an investment analyst at Willis Johnson & Associates He started his studies for the CFA® exam during this time as well. After gaining experience on the investments side, researching funds, tracking investments, and trading large blocks of client accounts, he moved over to the financial planning arm of the company and later transitioned into a financial advisory role.
In addition to being a CFA®, Nick earned his designation as a CERTIFIED FINANCIAL PLANNER™ after completing the board’s preliminary financial planning experience requirements and certification exam in April 2018.
Nick is a Houston native and uses his passion for learning to inspire the personal and professional development of the city’s working professionals and executives. He believes in the power of education to impact both the individual and their community by enabling more informed decision making in terms of their careers, their money, and most importantly, their life goals.
Nick is a strong proponent of continued education, which is reflected via his heavy investment in his personal career, the careers of the WJA team, and the lifetime careers of the clients he serves.
During his free time, Nick lectures as an adjunct professor at the University of Houston Bauer College of Business, is involved in the CFA® Professional Mentorship Program, and is an active participant in the University of Houston Bauer College of Business’s SURE Program, which fosters a partnership between students and Houston’s business thought leaders and aspiring entrepreneurs from under-resourced communities.
When he’s not teaching or being taught, Nick enjoys spending time outdoors and embarking on weekend rock climbing excursions across the states.