Your American Honda Motor Company Benefits & Career: Financial Planning for Associates and Executives

Do you work at American Honda Motor Company? Get the resources you need and expert insights from financial professionals who specialize in helping American Honda Motor Company associates make the most of their compensation package and benefits.

Whether you’re a new American Honda Motor Company associate or you’ve moved up the ranks into a management or executive leadership role over a multi-year career, it’s important to make smart money moves with your income and benefits. For example:

✅ Do you know the right moves to make to get the greatest value from the American Honda Motor Company benefits available to you?

✅If you’re thinking about leaving American Honda Motor Company for another job or planning to retire from the company in a few years, are you taking the right steps today to ensure you will receive all of the compensation and benefits that you’ve earned?

Get the Most Value from Your American Honda Motor Company Benefits and Compensation Package

Throughout the year, American Honda Motor Company provides its associates and executives with updates about their benefits ranging from health insurance and health savings plans to retirement plans like a 401(k), deferred compensation plans, and stock options. While the company offers many useful resources and access to knowledgeable staff who can assist with questions, you’ll also find financial professionals not affiliated with American Honda Motor Company who specialize in helping American Honda Motor Company associates make the most of their income and benefits.

Whether you work in the American Honda Motor Company headquarters in Torrance, California, another office location around the country, or remotely from home, you may have questions about your compensation package and benefits better suited for a financial professional who can offer unbiased advice and guidance.

For example, sensitive topics like discussing the steps you should take before quitting your job at American Honda Motor Company to work elsewhere, protecting yourself in advance of a corporate layoff, or deciding when you should plan to retire are all conversations that may be more comfortable with a trusted financial advisor.

💡 In the Q&A below, you’ll gain insights from financial advisors who work with American Honda Motor Company associates to help them make smart decisions to get the most value from their compensation and benefits, reduce their money stress, and prepare for a comfortable retirement.

🙋‍♀️ Do you have questions not yet answered? Use the form below to submit questions anonymously and watch this article for updates with answers to your questions. You can also reach out to the financial advisors below to set up an introductory call or contact them with your questions by email.

💸 Smart Money Insights for American Honda Motor Company Associates & Executives

This page is organized into sections to help you quickly find the information you need and get answers to your questions:

1. Q&A: Financial Planning Tips for American Honda Motor Company Associates & Executives
2. Get Answers to Your Questions About Your American Honda Motor Company Benefits and Career
3. Quick Facts & Resources for American Honda Motor Company Associates
4. Browse Related Articles

Q&A: Financial Planning Tips for American Honda Motor Company Associates & Executives

Answers to Associate Questions with Angela Dorsey, CFP®, MBA

Angela Dorsey is a financial advisor based in Torrance, California, who specializes in offering financial planning services to American Honda Motor Company associates. Angela helps her clients get the most value from their American Honda Motor Company benefits and compensation package so they can enjoy life and feel confident about their financial future.

Q: As a financial advisor with experience helping American Honda Motor Company associates save for their retirement, how do you help them make the most of their benefits?

Angela: In addition to having experience helping American Honda associates, I spent many years in Human Resources as a Compensation Specialist at American Honda. I, therefore, deeply understand American Honda’s benefits and compensation programs.

Q: When you first speak with an American Honda Motor Company associate, what questions do you like to ask to better understand their unique circumstances and determine how you can best help them achieve their goals?

Angela: I go through a unique process to understand their goals, values, financial situation, and what is important to them.

Q: Is there a particular benefit available to American Honda Motor Company associates you feel isn’t as well utilized or understood by associates as it should be?

Angela: I help American Honda associates analyze and determine whether taking a pension lump sum or a monthly annuity is best for their financial situation.

Q: Beyond American Honda Motor Company benefits for retirement savings, are there other types of benefits offered by the company that you find valuable to discuss with your clients?

Angela: I help Honda associates determine if they would benefit from having a Health Savings Account (HSA) or Flexible Spending Account (FSA).

Q: For American Honda Motor Company associates thinking about leaving the company to accept a job elsewhere, what actions do you recommend they take before resigning and shortly thereafter?

Angela: If you lease a car, consider buying it out before you leave. If eligible for a pension, determine if it is better to take a lump sum and roll it into an IRA or leave the pension at Honda and collect a monthly annuity. Also, be sure to run multiple pension estimates to know what your pension amount would be if you stayed longer. Consider the pros and cons of rolling over your 401k to an IRA.

Q: For American Honda Motor Company associates approaching retirement age, how do you recommend they prepare to make the transition from living off their salary to relying upon other sources of income?

Angela: Be sure to have a solid understanding of your living expenses. Especially important is to know what your healthcare costs will be in retirement, including pre-Medicare and Medicare expenses. For women especially, have a plan to address potential long-term care expenses. Understand your guaranteed sources of income, such as your monthly pension and social security. Know what a safe withdrawal amount is from your investment assets.

Q: For American Honda Motor Company associates who have managed their finances on their own to this point, what would you suggest they consider to help them decide if they should begin working with a financial advisor at this stage in their lives?

Angela: For Honda associates who have managed their finances on their own during their accumulation years, consider whether you want to continue to manage your finances during retirement, which will be your decumulation years. Managing finances during retirement requires different skills, such as tax planning, managing portfolio withdrawals so you don’t run out of money, and adjusting your retirement plan as life changes. Wouldn’t you rather enjoy your retirement rather than worried about your finances? Deeply consider working with a financial professional you can trust to help you navigate the market and life changes to stay on track during retirement.

Get to Know Angela Dorsey, Financial Advisor for American Honda Motor Company Associates:

View Angela’s profile page on Wealthtender or visit her website to learn more.

Q: What are some of the unique financial planning challenges you commonly see among your clients who are American Honda Motor Company associates, and how do you help them overcome these obstacles?

Angela: Helping Honda Associates determine if they can leave Honda early so they can retire earlier, or start a new career or business.

Q: What questions do you recommend American Honda Motor Company associates ask financial advisors they’re considering hiring to help them decide if they’re a good fit?

Angela: Ask how they are paid and if they are a Fiduciary. Will they provide comprehensive financial planning in addition to investment management? See my article on questions to ask a financial advisor.

Q: Is there anything that comes up frequently in your initial meeting with American Honda Motor Company associates that surprises you?

Angela: It surprises me how many associates are investing their 401(k)s too conservatively for retirement and are not taking advantage of investing in outside IRAs and Roth IRAs if they are eligible.

Q: For highly compensated American Honda Motor Company associates and executives, are there any special benefits you believe it’s important to take into consideration when preparing their financial plan?

Angela: Tax planning is extremely important to minimize taxes now and in retirement.

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