Chevron Professionals Can Save Over $55,000 In The ESIP This Year (or $63,500 if Over Age 50)
Use Your Benefits to Lower Your Taxes
Retirement may seem far away; you may have years, or even decades, of employment standing between you and it. However, the decisions you make today will have a big impact on your retirement planning success.
Chevron employees have access to a host of generous retirement savings options, including:
- Saving and maximizing the contributions in the Chevron Employee Savings Investment Plan (ESIP) 401(k) (over $55,000 for 2021, and up to $64,500 if you're over age 50)
- Shifting funds, when applicable, to take advantage of backdoor Roth contributions to get more money into tax-efficient savings vehicles
- Reviewing tax implications and determining whether you qualify for, and would benefit from, NUA (Net Unrealized Appreciation)
- Combining these strategies and planning tools to get up to a total of $64,000 into tax-preferential retirement savings ($71,500 if you’re over 50) this year!
As you make financial decisions now, you probably realize they’ll have a significant impact on your financial future and retirement security. To prepare yourself to wisely make these decisions, watch our webinar on maximizing your Chevron benefits now by filling out the form.
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