Retire from Shell (Shell PLC)
As an independent advisor, we help Shell employees transition to 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.
The Goff Financial Group is not affiliated with or endorsed by Shell Oil or are we an administrator to the Shell Provident Fund, Benefit Restoration Plan, or any other benefit Shell offers its employees.
We have extensive experience helping our clients navigate these types of uncertainties during their retirement.
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
We’ll develop a comprehensive retirement plan, carefully considering your 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 amounts 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 helps conduct the rollover process, reducing the time your retirement savings are un-invested. This reduction in time can lead to potential growth and increased security for your retirement funds.
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. If executed incorrectly, not using NUA can cost investors a bundle in taxes. With the help of an independent CPA, we can determine if NUA is necessary to work through maximizing this opportunity.
Tax Planning for Shell Benefit Restoration Plan
Participation in the Shell Benefit Restoration Plan, combined with a concentration of Shell stock, can present complicated tax issues when nearing retirement. We’ll coordinate with your tax professional to potentially reduce taxes during retirement.
Estate & Other Tax Issues
Planning for retirement isn’t just limited to navigating your Shell retirement benefits. Looking at the bigger picture regarding your goals is essential, especially if you have complex estate and tax issues. With this in mind, we’ll help you build 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, it may be difficult to grasp how you’ll meet your monthly spending needs. Through careful planning, we can help you develop an optimal withdrawal strategy, potentially minimizing taxes during retirement. Determining the optimal cash flow strategy can significantly impact the probability of not outliving your assets.
Diversification Strategies for Shell Stock
If you have a concentrated Shell stock position, 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 powerful tool within the Shell Provident Fund is BrokerageLink®, which significantly expands your investment options inside your 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 with fewer 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 reduce 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 reduce 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.
Why You Should Consider Independent Advice for Your Shell 401(k)
Our free WhitePaper outlines key points on why it would be beneficial to use a Independent Advisor.
Retire from Shell with Confidence
Contact us to see how we can help you with preparing to retire from Shell. Complete the form below and one of our financial experts will contact you.
Did you know? The pensioner Learning Account
Retired employees are eligible for a $1,000 Learning Account in the first year following retirement.
The pensioner Learning Account is designed to cover the costs you incur for courses, seminars, conferences, and/or workshops you take that are of interest to you and are related to your retirement, including:
- Classes on the use of leisure time (e.g., sports and hobbies);
- Personal financial planning courses;
- Classes on the psychology of retirement;
- Computer courses.
This benefit can be used to cover the cost of courses you take to help you adjust to retirement. There is no per-course limit.
