facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause

Preparing for and Transitioning to Retirement from ExxonMobil

It’s tough to keep up with your obligations and responsibilities as an ExxonMobil employee and make informed decisions about benefit plan choices. That challenge intensifies when you approach retirement, with significant and generally irrevocable decisions. We can help you make sure you’re maximizing your benefits while you’re working, and help you through the retirement process and on to a confident retirement.

For more than 25 years, ExxonMobil employees and retirees have relied on Investec to assist them in wealth management and retirement. We have an ExxonMobil retiree on staff as one of our Senior Wealth Advisors. Doug Garrison, CFP®, MBA, spent over thirty years in ExxonMobil HR. Our familiarity with ExxonMobil benefits means we understand the details and can assist you in avoiding big mistakes and maximizing the value of your company benefits.

ExxonMobil Savings Plan (EMSP)

For active employees, we can help ensure that your investments are appropriately diversified, considering your risk tolerance, time horizon, and other assets. We can assist in rebalancing your account as appropriate and advise on contribution levels and account destinations.

As you approach retirement, we can help assess whether using low-cost ExxonMobil stock and the tax-benefits of net unrealized appreciation (NUA) makes sense for your plan. Deciding how best to use your after-tax contributions as you take distribution can also be challenging, given the choices you have. And if the bulk of your account is before-tax contributions and earnings, we can establish a rollover IRA for continued tax-deferred earnings.

ExxonMobil Pension Plan (EMPP)

You have choices to make when it’s time to retire. For many, the biggest decision is whether and when to take all or a portion of your EMPP benefit as an annuity or a lump sum. It’s more than just a question of the lump sum interest rate. The year in which you retire can impact your taxable income if part of your benefit is from the Supplemental Pension Plan (SPP) or the Additional Payments Plan (APP). You should also consider the irrevocable nature of choosing an annuity. We work through the alternatives with our ExxonMobil clients, and find a solution that’s most suitable for their circumstances. It’s a big decision—it’s worth a good conversation.

Other Benefits

If you have been granted Restricted Stock/Units or Earnings Bonus Units (EBUs), we’ll help you take that future income into consideration as you budget for your early years of retirement. Do you need or want to continue paying for Group Universal Life (GUL) insurance once you’re retired? We’ll help with that decision.

Let's Talk


Investec Blog: Choosing Between Traditional Medicare and the ExxonMobil Medicare Primary Option (MPO)

Choosing Between Traditional Medicare and the ExxonMobil Medicare Primary Option (MPO)

You’re an ExxonMobil retiree and about to turn 65. You need to make a decision about health insurance. You can move seamlessly from the ExxonMobil Retiree Medical Plan option to the ExxonMobil Medicare Primary Option (MPO), also known as a Medicare Advantage plan, or you can opt-out of the MPO and go into traditional Medicare. How should you make the decision? What are the differences or key variables you should consider? Read more...

Investec Blog: You’ve Left ExxonMobil—What About Your ExxonMobil Savings Plan Account?

You’ve Left ExxonMobil—What About Your ExxonMobil Savings Plan Account?

If you’ve ever left an employer in whose 401(k) plan you participated, did you make an informed decision about what to do about your account? We offer five objectives to help decide what’s right for you. But please, don’t just forget you have the account! Read more...


Investec Blog: 4 Steps to Maximize What Goes Into Your EMSP in 2021

4 Steps to Maximize What Goes Into Your EMSP in 2021

News that ExxonMobil will resume the company match to the ExxonMobil Savings Plan in October gives you a planning basis for maximizing after-tax dollars going into your account. If you're inclined to max out, follow along here to calculate the amount you can contribute as a Special Contribution. Read more...

Investec Blog: Now That It’s Up, Should You Sell Your ExxonMobil Stock?

Now That It’s Up, Should You Sell Your ExxonMobil Stock?

Whether to sell appreciated shares of XOM in the ExxonMobil Savings Plan is a tough question. Here are four questions we think XOM shareholders should consider as they think through next moves in their portfolio. Read more...


Investec Blog: 6 Questions If You're Within 5 Years of Retirement at ExxonMobil

6 Questions If You're Within 5 Years of Retirement at ExxonMobil

If retirement is only five years or less away, you should have a pretty good notion of what life will look like for you in this next chapter. With so many moving parts, it's important to think through the implications of the various decisions you'll make. Have you considered the following six questions? Read more...

Investec Blog: 4 Questions to Develop an ExxonMobil Savings Plan (EMSP) Strategy

4 Questions to Develop an ExxonMobil Savings Plan (EMSP) Strategy

ExxonMobil employees often sign up for the EMSP because a supervisor or a more tenured colleague tells them it’s a good thing to do. But many participants continue to contribute without thinking through a Savings Plan goal or strategy. Have you considered these four questions? Read more...


Investec Blog: 4 Investing Mistakes in the EMSP

4 Investing Mistakes in the EMSP

Learn from the mistakes of others? Our blogger reflects on investing mistakes he’s seen participants in the EMSP make over the past forty years. Read more...

Investec Blog: XOM & XTO Employees: Think About Your ExxonMobil Savings Plan (EMSP)

XOM & XTO Employees: Think About Your ExxonMobil Savings Plan (EMSP)

Is your EMSP account on auto-pilot? Take time to think through what’s best for you in the new year. We offer some ideas to help make your decision. Read more...


Investec Blog: 5 Reasons to Make a "Special Contribution" to the ExxonMobil Savings Plan (EMSP)

5 Reasons to Make a "Special Contribution" to the ExxonMobil Savings Plan (EMSP)

If you are an ExxonMobil employee participating in the ExxonMobil Savings Plan, you have until December 15th to take advantage this year of a little-known provision in the Plan called making a "Special Contribution." Here's everything you need to know. Read more...

Investec Blog: 6 Steps to Take Now if You're Exiting ExxonMobil

6 Steps to Take Now if You're Exiting ExxonMobil

According to an email ExxonMobil CEO Darren Woods sent all employees on October 21, the company faces "significant headwinds, more work to do and, unfortunately, further reductions are necessary." For many, exiting ExxonMobil may become a reality. What should you do? Read more...


Investec Blog: 4 Savings Plan Options for ExxonMobil Employees

4 Savings Plan Options for ExxonMobil Employees

ExxonMobil has suspended its generous 7% match for employee contributions to the ExxonMobil Savings Plan (EMSP) effective October 1. What's an employee to do? Here are four options for you to consider. Read more...

Investec Blog: 4 Strategies to Deal with XOM Stock in the EMSP

4 Strategies to Deal with XOM Stock in the EMSP

ExxonMobil stock is at levels last seen in the early 2000s. If you're a retirement-eligible employee and you don't want to sell shares of XOM at these low prices, what are you to do? If you plan to leave ExxonMobil and you've got XOM stock in your EMSP, what's the right strategy? Read more...


Investec Blog: Take the Money Now, or Get it Monthly?

Take the Money Now, or Get it Monthly?

Should you take your ExxonMobil, Chevron, or other company pension benefit as an annuity or as a lump sum? Our Investec blogger addresses issues you might be concerned about. Read more...

Investec Blog: “With All That’s Going On, Should I Take Social Security Early?”

“With All That’s Going On, Should I Take Social Security Early?”

Uncle Sam is spending trillions of dollars on economic stimulus and relief measures. The deficit will grow. Your 401(k) or IRA portfolio has recovered somewhat. But your ExxonMobil or Chevron stock is still at multi-year lows. In the midst of this, you wonder: “Should I start Social Security earlier than I planned?” Read more...


Investec Blog: Explanation of ExxonMobil Earning Bonus Units (EBU’s) Thumbnail

Explanation of ExxonMobil Earning Bonus Units (EBUs)

EBUs are “Earning Bonus Units,” which ExxonMobil employees may be awarded each year as part of their incentive bonus compensation. For those who receive both cash bonuses and EBUs, typically the EBUs are approximately equal to the cash bonus, i.e., half of the annual bonus component of incentive awards is paid through EBUs. Read more...

Investec Blog: How Much ExxonMobil NUA Stock is Too Much? Thumbnail

How Much ExxonMobil NUA Stock is Too Much?

Mae West, an iconic 20th century American actress, singer, comedian and sex symbol, reportedly once said “Too much of a good thing is wonderful.” We’re pretty sure Mae wasn’t talking about net unrealized appreciation (NUA). But Mae’s observation raises a valid question. “Can there be too much of this good thing, this NUA?” Read more...



Subscribe to Our ExxonMobil Newsletter


Disclaimer: Investec Wealth Strategies is not endorsed by or affiliated with Exxon Mobil Corporation.