Rhame & Gorrell Wealth Management

Are you maximizing the potential of your BP ESP? Join our upcoming webinar, where Cydney Nash, CFP®, CIMA® will walk through the Mega Backdoor Roth strategy available within the BP Employee Savings Plan. This advanced savings approach can enable Roth savings beyond standard IRS limits. However, the rules and steps involved can be complex, and understanding them is essential to implementing the strategy effectively. During this session, we’ll cover: - What are Mega Backdoor Roth Conversions? - How they work - Key benefits - Real-world examples - Live Q&A

Are you maximizing the potential of your Shell Provident Fund (SPF)? Join our upcoming webinar, where Cydney Nash, CFP®, CIMA® will walk through the Mega Backdoor Roth strategy available within the SPF. This advanced savings approach can enable Roth savings beyond standard IRS limits. However, the rules and steps involved can be complex, and understanding them is essential to implementing the strategy effectively. During this session, we’ll cover: - What are Mega Backdoor Roth Conversions? - How they work - Key benefits - Real-world examples - Live Q&A

High earners at CPChem have a unique opportunity to accelerate tax-advantaged retirement savings through in-plan Roth conversions. By converting After-Tax MSA Contributions to Roth within the CPChem Savings & Profit Sharing Plan, you can build a significantly larger pool of tax-free assets, well beyond the $24,500 direct Roth 401(k) contribution limit set by the IRS. At Rhame & Gorrell Wealth Management, we help Chevron Phillips professionals implement this strategy as part of a broader financial plan to reduce lifetime tax exposure and preserve multigenerational wealth. Our in-house CPA and CFP® professionals work together as one team to ensure that your plan is not only well designed, but also well executed. Schedule your complimentary consultation today.

As a CPChem employee, you have access to a comprehensive benefits package. This opens the door to numerous planning opportunities that our team has experience implementing within a broader financial plan. We help your Chevron Phillips colleagues maximize 401(k) savings with MSA Roth Conversions, navigate the important decisions and tax-efficient distribution strategies within the Retirement Plan (pension), and blend your employer benefits into a broader financial plan to improve long-term outcomes. At Rhame and Gorrell, we specialize in building comprehensive financial plans that integrate investment strategy with tax optimization, estate planning, risk management, employer benefits maximization, and retirement analysis. Our in-house CPA and CFP® professionals work together as one team to ensure that your plan is not only well designed, but also well executed. Schedule your complimentary consultation today.

Planning to retire early? For successful individuals at Oxy, strategies like the Rule of 55 or 72(t) distributions can unlock penalty-free access to retirement funds before age 59½. However, navigating these options requires careful planning to avoid costly mistakes and secure long-term financial stability. Rule of 55 distributions can only occur in or after the year you turn 55 and have specific requirements that must be met to avoid penalties. 72(t) distributions can also allow early access to retirement funds but must be calculated using one of three IRS-approved methods, with payments required for five years or until age 59½, whichever is longer. At Rhame & Gorrell, we specialize in guiding Oxy employees and executives through the complexities of early retirement planning, integrated as part of a comprehensive financial plan. Our in-house CPA and CFP® professionals work together as one team to ensure that your plan is not only well designed, but also well executed. Schedule your complimentary consultation today.

Planning to retire early? For successful individuals at Phillips 66, strategies like the Rule of 55 or 72(t) distributions can unlock access to retirement funds penalty-free before age 59½. However, navigating these options requires careful planning to avoid costly mistakes and ensure long-term financial stability. Rule of 55 distributions can only occur in or after the year you turn 55 and have specific requirements that must be met to avoid penalties. 72(t) distributions can also allow early access to retirement funds but must be calculated using one of three IRS-approved methods, with payments required for five years or until age 59½, whichever is longer. At Rhame & Gorrell Wealth Management, we guide Phillips 66 employees and executives through the complexities of early retirement planning. Our in-house CPA and CFP® professionals work together as one team to ensure that your retirement plan is not only well designed, but also well executed. Schedule your complimentary consultation today.