Financial advisor in Houston, TX
ExxonMobil Financial Planning
ExxonMobil Financial Advice
42 years ago in 1981, the Stenger Family first started advising Mobil Oil employees and their families at the Joliet, IL refinery. Our team was one of their first groups to start working with the organization and have developed long lasting, multi-generational relationships with over 300 ExxonMobil families both current and former.
Our proprietary, 5-Step ExxonMobil Retirement Planning Process has helped hundreds of ExxonMobil employees make sense of their Voya 401(K) plan, lump sum pension, retiree healthcare options, Net Unrealized Appreciation (NUA), and developing a retirement income strategy.
ExxonMobil employees face unique retirement planning challenges. First, the Voya Savings Plan (401k) offers limited investment options and retiring from ExxonMobil before age 59.5 presents additional tax planning issues.
During our 5-Step Exxon Mobil Retirement Planning Process, our financial advisors will help you rebalance your 401(k)’s holdings, decide whether to take a lump sum or monthly annuity, and determine the best age to retire given your assets, liabilities, and income needs.
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For 42 years, the Stenger family has helped over 300 families from Mobil Oil and ExxonMobil plan and invest for retirement. Our proprietary, custom ExxonMobil planning process helps address all aspects of your financial life.
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The Voya Savings Plan is a defined contribution 401(K) plan offered by ExxonMobil and is a valuable retirement savings tool.
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When you retire from ExxonMobil, you’ll have to decide if you want to take a lump sum pension or monthly annuity. If you take a lump sum, you’ll have to self manage the plan or hire a financial advisor to manage it for you.
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Net Unrealized Appreciation (NUA) is any increase between the cost of the ExxonMobil stock allocated to your account and the market value of the stock when it is withdrawn or distributed.
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For many ExxonMobil employees, RSU’s are a significant component of annual compensation and can be used as a retirement savings tool. There are some unique tax challenges with RSU’s and Stenger Family Office can help you plan and diversify your stock distributions in an efficient manner.
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Stenger Family Office has extensive experience helping ExxonMobil families plan and prepare for retirement. Additionally, we offer tax planning and preparation services as part of our service offering for ExxonMobil employees through our affiliated company, Stenger Tax Advisory.
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In addition to financial planning and tax preparation services, Stenger Family Office offers estate planning services through a third party law firm, Legacy & Life Law. Legacy & Life Law firm is experienced in creating comprehensive estate plans including wills, trusts, powers of attorney and medical directives.
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Your Stenger financial advisor can help you determine the best strategy for taking Social Security.
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ExxonMobil offers retirees two healthcare options, POS II A and POS II B.
Featured ExxonMobil Events
Watch the replay: ExxonMobil - When to Sell Your XOM Stock
In this webinar, Stenger Family Office CEO and financial advisor Nick Stenger covers the following topics:
How to rebalance your ExxonMobil Voya 401(K)
Investment options in the ExxonMobil Savings Plan
Contribution limits & basic tax planning
43 years advising ExxonMobil employees.
Stenger Family Office understands the unique challenges and complex details of the ExxonMobil retirement process. We can help you at any stage of your career, whether you just started or a nearing retirement.
Financial advisors Nick Stenger and Bond Roth have helped over 300 families from ExxonMobil create a detailed financial plan and can apply this knowledge to your own personal circumstance.
Voya Savings Plan (401k)
Your 401(k), commonly known as the Voya Savings Plan, offers many tax benefits as you save for retirement. Like any 401(k), the Savings Plan allows you to save money for retirement on either a pre-tax or after tax basis, or a combination thereof.
If your combined household income is greater than $150,000, we typically recommend contributing most of your savings to the plan on a pre-tax basis. A few years before retirement, we will help you create a Roth 401(k) savings bucket as well.
When you save to a 401(k) on a pre-tax basis, the contributions are not included in your taxable income, thereby reducing your current tax liability.
In 2023, the employee maximum contribution is $22,500. If you are 50 or more years old, you can contribute an additional $7,500 (catch-up) for a total of $30,000 per year.
ExxonMobil also offers a 7% 401(k) match, but this is not deducted from your income taxes.
Not only do your contributions offer a significant tax benefit in the current year, but your contributions and the employer match grow on a tax deferred basis until you withdraw money or turn age 72.
This tax deferral allows your money to compound at a far higher rate if they were not in a 401(k) plan.
When you turn age 72, you will be required to take mandatory distributions off the pre-tax amount in your account whether it has been rolled over to an Individual Retirement Account (IRA) or kept in the 401(k) at Voya.
Are you making the most of your Voya 401(k)? Find out by scheduling a complimentary evaluation with a Stenger financial advisor.
Investing Your Voya Savings Plan
ExxonMobil employees have the following investment options in the Voya 401(k):
Equity Units - similar to S&P 500 Index
ExxonMobil Stock
Extended Market Units - small & midsize stocks
International Units - non U.S. stocks
Balanced Fund Units
35% Equity Units, 15% Extended Market, 25% International, 25% Bonds
Bond Units - U.S. fixed income
Common Assets - high quality U.S. fixed income
ExxonMobil Voya 401(K) match:
ExxonMobil matches up to 7% of your compensation
The match does not count towards the IRS stated maximum
Have you rebalanced your Voya 401(k) in awhile? Set up a one-on-one complimentary review of your plan today!
ExxonMobil Pension Plan
ExxonMobil gives employees a handful of pension distribution options at retirement. As you explore your options, there are two core options from which to choose; lump sum or monthly annuity. Within the monthly annuity category there are options that provide spousal benefits as guarantees for a set number of years.
For a variety of reasons, most ExxonMobil retirees choose to take the lump sum distribution. The lump sum allows you to control investment choices and leave a legacy for your children and grandchildren.
In select cases however, we have recommended some families take a monthly annuity option to help with cash flow planning.
Not sure if the lump sum or annuity is right for you? Download our ExxonMobil Guidebook.
Net Unrealized Appreciation (NUA)
Net Unrealized Appreciation (NUA) is any increase between the cost of the ExxonMobil stock allocated to your account and the market value of the stock when it is withdrawn or distributed.
If your withdrawal or distribution includes ExxonMobil stock, you have an additional tax deferral opportunity and the opportunity for a portion of your taxable amount to be taxed at long-term capital gains tax rates rather than at ordinary income tax rates.
Since capital gains tax rates are generally lower than ordinary income tax rates, this opportunity may help you keep more of your taxable account balance. Depending on the amount of NUA on the stock you take in a withdrawal or distribution, the difference between capital gains taxes and ordinary income taxes can be substantial.
Effects of lump-sum distribution
Lump-sum distribution – If you receive ExxonMobil stock in a distribution that qualifies as a lump-sum distribution (or it would qualify except that you did not have five years of participation in the Savings Plan), you can exclude from current income the NUA on all stock received and not rolled over.
Non lump-sum distribution – If you receive ExxonMobil stock in a withdrawal or a distribution that is not a lump-sum distribution and you do not make a rollover of any eligible portion, you can exclude from current income the NUA only on stock attributable to your after-tax contributions. If you choose to roll over any portion of the non lump-sum distribution, you will not be able to exclude NUA on any of the company stock in that withdrawal/distribution.
Need help deciding whether or not to utilize NUA? Request an analysis of your Voya 401(K) withdrawal options today!
Financial Planning for ExxonMobil Employees
Step 1: D.O.S. Profile
Identify your Dangers, Opportunities & Strengths (D.O.S.). What would have to happen the next 3 years for you to feel like you’ve made meaningful progress both professionally and personally?
Step 2: Custom Financial Plan
Create a custom financial and cash flow plan. How much income do you need and where will it come from during retirement? Find out if you can retire and never run out of money for the rest of your life.
Step 3: Tax & Estate Planning
Assemble a team of professionals that can advise your family on all aspects of your financial future including tax planning and preparation and comprehensive estate planning including living trusts, wills, POAs, and more.
Step 4: Investment Management
Make sure your investment plan can help you achieve your investment goals. Align your Voya Savings Plan with your long term objectives and make sure you’re not taking on more risk than necessary. Find out if you are paying hidden fees that eat away at your investment returns.
Step 5: Simplification & Organization
Get organized on one plan with our fully integrated tech platform that simplifies your financial life and helps reduce the possibility of making a critical mistake. We coordinate your financial plan with your tax and legal strategy by working with our in-house accountants and attorneys or alongside your current providers.
Take the next step in your ExxonMobil career or retirement journey.
ExxonMobil Webinar: When to Sell Your XOM Stock
Watch the recording of Nick Stenger’s latest ExxonMobil webinar discussing when to sell your ExxonMobil (XOM) stock and potential alternatives in which to rebalance.
ExxonMobil Voya Savings Plan
Voya Savings Plan Investment Options
ExxonMobil Stock
When you buy Exxon Mobil Corporation Common Stock (ExxonMobil stock), you become an ExxonMobil shareholder and an owner of the company. As an owner of ExxonMobil stock, you may direct how your shares are voted. Any dividends on shares of stock in your Savings Plan account are credited as of the dividend payment date. These dividends are reinvested automatically in ExxonMobil stock unless you elect to have the dividends paid to you directly in cash. Remember, investing in a single security typically carries higher potential risk than investing in a variety of securities (e.g., stocks and bonds). Be sure to consider balancing your portfolio with the other investments in the Savings Plan.
Equity Units
Equity Units represent an interest in a fund managed to closely approximate the total rate of return and characteristics of the Standard & Poor's 500 Index (S&P 500). This index is composed of the stocks of aproximately 500 mostly large-capitalization companies weighted by market value. To pursue its goal of closely approximating the performance of the S&P 500, NT invests the fund's assets in a broadly diversified portfolio consisting largely of the stocks represented in the actual S&P 500. The S&P 500 excludes non-U.S. stocks.
Extended Market Units
Extended Market Units represent an interest in a fund managed to closely approximate the total rate of return and characteristics of the Dow Jones U.S. Completion Total Stock Market Index. This index is composed of the stocks of approximately 3,700 U.S. companies not included in the S&P 500, weighted by market value. The index is commonly used to represent the small and mid-cap segment of the U.S. market. To pursue its goal of closely approximating the performance of the index, NT invests the fund's assets in a broadly diversified portfolio consisting largely of the stocks represented in the actual index.
International Equity Units
International Equity Units represent an interest in an index fund that invests in approximately 3,500 international equity securities composing approximately the top 99% of the market capitalization in 22 developed market countries, excluding the U.S. The fund is managed to closely approximate the total rate of return and characteristics of the MSCI World Excluding U.S. Investable Market Index. The index is commonly used to represent the non-U.S. equity developed markets and includes all traded stocks that are available to be owned by foreign investors in these countries. To pursue its goal of closely approximating the performance of the index, NT invests the fund's assets in a broadly diversified portfolio consisting largely of the stocks represented in the actual index.
Bond Units
Bond Units represent an interest in an index fund based on a broad range of publicly traded, investment grade U.S. bonds. This fund is composed of a portfolio of bonds representative of the overall U.S. bond and debt market and managed to closely approximate the total rate of return and characteristics of the Bloomberg U.S. Aggregate Bond Index. This broad index tracks approximately 12,000 publicly traded, investment grade, U.S. fixed income securities covering the Treasury, Agency, Mortgage-backed, Assetbacked, Commercial Mortgage-backed and Corporate sectors of the U.S. Bond Market. Since this index represents short, medium and long-term bonds, the average maturity is longer than that of investments held in the Common Assets fund. For comparison purposes, the average maturity of bonds in this fund is approximately eight years, while in Common Assets, it is approximately one year. To pursue its goal of closely approximating the performance of the index, NT invests the fund's assets in a broadly diversified portfolio consisting largely of a subset of bonds represented in the actual index.
Balanced Fund Units
Balanced Fund Units are designed to generate returns from both income and growth for the investor through a broadly diversified investment in domestic and international stocks and U.S. bonds. Specifically, each Balanced Fund Unit represents an interest in a portfolio (the "Balanced Fund Portfolio") invested in the following proportions in the four indexed funds: 35% equity units, 15% extended market units, 25% international units and 25% bond units.
The Stenger Family has provided ExxonMobil employees and their families financial advice since 1981.
We first started helping ExxonMobil employees with financial planning and investment management at the ExxonMobil Joliet refinery and then the ExxonMobil Cicero lube plant.
Today, Stenger Family Office provides wealth management, financial advice, tax preparation and estate planning strategies to ExxonMobil employees in Illinois, Texas, Montana, Louisiana and New Jersey.
Our customized and comprehensive ExxonMobil financial planning process helps you rebalance your ExxonMobil Voya Savings Plan, choose the right pension option, take advantage of your RSUs and NUA, and protect your family through insurance and estate planning strategies.
We frequently host events and webinars designed specifically for ExxonMobil employees and their families in the Houston area and online. Reach out to your Stenger financial advisor to learn more.
ExxonMobil Tax Preparation
Stenger Family Office has extensive experience helping ExxonMobil families plan and prepare for retirement. Additionally, we offer tax planning and preparation services as part of our service offering for ExxonMobil employees through our affiliated company, Stenger Tax Advisory.
Our experienced team of CPA’s can help with the following:
Personal tax returns
Retirement income tax planning
NUA analysis
Rental properties
Business tax returns
Taxation of restricted stock units (RSU’s)
In addition to financial planning and tax preparation services, Stenger Family Office offers estate planning services through a third party law firm, Legacy & Life Law. Legacy & Life Law firm is experienced in creating comprehensive estate plans including wills, trusts, powers of attorney and medical directives.
Our experienced team of estate attorneys can help with the following:
Living wills
Living trusts
Revocable & irrevocable trusts
Special needs trusts
GRAT’s & other specialized planning strategies
Medical directives
Powers of attorney