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? This is the audio version of a blog posted on our website (investecwe...
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! This is the audio version of a blog posted on our website (investecwealth.com) on August 27, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is n...
As we grow older, I suspect we all have moments in which we wonder whether we’re experiencing normal forgetfulness…or are we showing the first signs of dementia? We may joke about it, but we have to think about the possibility if we’re realistic. Here are four steps to take to prepare yourself and your loved ones for the possibility you may at some point suffer from diminished mental capability or be at increased risk of financial exploitation. This is the audio version of a blog posted on ...
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. This is the audio version of a blog posted on our website (investecwealth.com) on July 22, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and int...
Life has likely felt like a whirlwind since the pandemic started. While adjusting to the new normal, it’s possible your insurance coverage has not been top of mind. But in reality, you could be missing out by not reevaluating your current coverage. Here are four insurance areas you should reevaluate right away. This is the audio version of a blog posted on our website (investecwealth.com) on July 13, 2021. The blog post itself can be found here. Disclaimer: The information provided here is...
At its core, financial advice helps you with your money. What is it about your money that makes it susceptible to help? This blog explains why folks in mid- to late-career who are accumulating retirement savings should be working with a competent financial advisor. This is the audio version of a blog posted on our website (investecwealth.com) on June 22, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature....
Did you know people are Googling the word "Inflation" at a record-breaking rate? If the economic uncertainty of the past year has you scratching your head as well, here's what you need to know about inflation and your investments. This is the audio version of a blog posted on our website (investecwealth.com) on June 8, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be...
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. This is the audio version of a blog posted on our website (investecwealth.com) on May 25, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax...
Reluctant to share your financial information with your grown children? Here are some reasons why it might make sense to do so. This is the audio version of a blog posted on our website (investecwealth.com) on May 11, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice. Investec Wealth Strategies and its advisors do not pro...
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? This is the audio version of a blog posted on our website (investecwealth.com) on April 27, 2021. The blog post itself can be found here. Disclaimer: The information provided here is genera...
Wondering how to unequally divide your assets without dividing your family? If you’re thinking about leaving more for one child than the other, it’s important to know your options. This is the audio version of a blog posted on our website (investecwealth.com) on April 15, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice....
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? This is the audio version of a blog posted on our website (investecwealth.com) on March 30, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as education...
From the moment a doctor earns his or her MD to the day they hang up their white coat for good, medical professionals face unique financial hurdles, dilemmas and questions. Here are five key components every medical professional should consider when putting together his or her financial plan. This is the audio version of a blog posted on our website (investecwealth.com) on March 23, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and inten...
If 2020 has taught us anything, it's that you should always be prepared for the unexpected. Now that the year is behind us, here are 7 ways that we should treat our money differently and plan for the future. This is the audio version of a blog posted on our website (investecwealth.com) on February 24, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax...
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. This is the audio version of a blog posted on our website (investecwealth.com) on February 9, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice. Investec Wealth Strategies and it...
Whether you inherit an IRA from a spouse or non-spouse, there are important steps to execute as an heir and details to address along the way. This is the audio version of a blog posted on our website (investecwealth.com) on January 27, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice. Investec Wealth Strategies and its a...
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. This is the audio version of a blog posted on our website (investecwealth.com) on January 14, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice. Investec Wealth Strategies and...
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. This is the audio version of a blog posted on our website (investecwealth.com) on December 8, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not...
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? This is the audio version of a blog posted on our website (investecwealth.com) on November 19, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in n...
As the world continues to grapple with COVID-19, we must never forget. In the words of Sandy Dahl, wife of Flight 93 pilot Jason Dahl, “If we learn nothing else from this tragedy, we learn that life is short and there is no time for hate.” This is the audio version of a blog posted on our website (investecwealth.com) on September 14, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended n...