Willis Johnson & Associates is not endorsed by nor affiliated with Marathon Oil.
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.
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.
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 Bonus
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.
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.
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.
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.
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.
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.
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)
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.
Since 1996 we’ve been helping Shell executives and professionals with their comprehensive financial planning needs. Our thorough understanding of the transitions in your corporate life allows us to appreciate where you have been and assist with where you are headed.