Do you work at AbbVie?
Get expert insights from financial advisors who specialize in helping AbbVie employees and executives make the most of their compensation package and benefits.
Looking for a financial advisor who specializes in working with AbbVie employees? You’re in the right place. Below, you’ll find advisors who understand AbbVie benefits and compensation — along with their answers to common financial questions from AbbVie employees and executives.
Whether you recently joined AbbVie or you’ve advanced into a management or executive leadership role over a multi-year career, making smart decisions about your income and AbbVie benefits can have a lasting impact on your financial future. For example:
✅ Do you know the right moves to get the greatest value from the AbbVie benefits available to you?
✅ If you’re thinking about leaving AbbVie for another job or planning to retire in a few years, are you taking the right steps today to receive all the compensation and benefits you’ve earned?
Key Takeaways
AbbVie’s Deferred Compensation Plan Can Lower Taxes and Shape Retirement Income
Senior AbbVie staff are often pushed into higher tax brackets, and the deferred compensation plan’s flexible payout options can reduce the current tax bill while creating a retirement income stream. If you leave, understand which payout structure applies and have cash ready for the tax bill.
Choose Your AbbVie Pension Payment Form in Your Personal Context
At retirement, you choose among forms such as a single life annuity, a joint and survivor annuity, or a certain-and-life annuity. The right choice depends on your other income sources, your tax plan, and your health.
AbbVie Stock in Your Retirement Account Can Qualify for Special Tax Treatment
Company stock distributed from a retirement account can carry unique tax benefits worth planning for. Steady purchases over many years can also create concentration risk, so consider setting limits in advance.
Why AbbVie Employees Work with a Specialist Financial Advisor
Throughout the year, AbbVie provides its employees and executives with updates about their benefits, ranging from health insurance and health savings accounts to retirement plans like a 401(k) and a pension plan and, for senior staff, a deferred compensation plan — along with equity awards and an employee stock purchase plan. 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 AbbVie who specialize in helping AbbVie employees make the most of their income and benefits.
AbbVie is headquartered in North Chicago, Illinois, in Lake County north of Chicago, where many of its U.S. employees work. Its other major U.S. sites include Irvine, California; Worcester, Massachusetts; and South San Francisco, California. Whether you work at one of those sites, another office, 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.
Sensitive topics — like the steps you should take before quitting your job at AbbVie 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.
Should You Hire an AbbVie Specialist or a Local Financial Advisor?
You’ll likely find dozens of nearby financial advisors well-suited to help you reach your money goals with a personalized plan. But it can be harder to find a financial advisor who specializes in serving AbbVie employees. Fortunately, many financial advisors offer virtual services, so you can meet online no matter where you (or they) live — which means you can hire a specialist financial advisor who lives hundreds of miles away if their knowledge and experience working with AbbVie employees is the better fit for your unique needs.
💡 In the Q&A below, you’ll gain insights from financial advisors who work with AbbVie employees to help them make smart decisions, get the most value from their compensation and benefits, reduce their money stress, and prepare for a comfortable retirement.
🙋♀️ Have a question not yet answered? Use the form below to submit your question. You can also contact financial advisors directly to set up an introductory call or contact them with your questions.
Q&A: Financial Planning Tips for AbbVie Employees & Executives
In this section, you’ll learn how you can make the most of your AbbVie employee benefits and gain valuable tips from financial advisors who specialize in working with AbbVie employees and executives.
Jump to a Financial Advisor for AbbVie Employees
Financial Advisor Q&A · AbbVie Employees
Dave Grant, CFP®
Retirement Matters · Barrington, IL · Serves clients nationwide
Retirement planning, specializing in AbbVie executivesDave Grant is a financial advisor based in Barrington, Illinois, who specializes in offering financial planning services to AbbVie employees. Dave helps his clients get the most value from their AbbVie benefits and compensation package so they can enjoy life and feel confident about their financial future.
QAs a financial advisor with experience helping AbbVie employees save for their retirement, how do you help them make the most of their employee benefits?
AbbVie has an extensive benefits package, with employees needing to make pension, stock plan, and deferred elections on an ongoing basis. I help clients optimize their benefits for their situation, possibly combine it with their spouse’s benefits, and make sure everyone is comfortable.
QWhen you first speak with an AbbVie employee, what questions do you like to ask to better understand their unique circumstances and determine how you can best help them achieve their goals?
I like to understand their level in the company as it determines what benefits they are eligible for (e.g., deferred compensation). Then I seek to understand their retirement timeline so we can then optimize their savings routine around their financial goals. Finally, given the various company benefits, I can then design what their retirement income should look like coming from these various sources.
QIs there a particular benefit available to AbbVie employees you feel isn’t as well utilized or understood by employees as it should be?
AbbVie pays its senior staff very well, pushing them into higher tax brackets. The Deferred Compensation plan at AbbVie has flexible payout options, so not only can it bring down a client’s current tax bill, but we can design an optimal retirement income stream that suits their situation.
QBeyond AbbVie employee benefits for retirement savings, are there other types of benefits offered by the company that you find valuable to discuss with your clients (e.g., stock, education savings, health savings)?
Abbvie offers everything! There are HSA accounts, legal services, wellness programs, and an ESPP. I’ve written an ebook outlining how to maximize all these benefits for an employee of AbbVie.
QFor AbbVie employees thinking about leaving the company to accept a job elsewhere, what actions do you recommend they take before resigning and shortly thereafter?
I make sure that someone leaving AbbVie makes sure they are compensated for all the benefits they are giving up. Clients will give up a pension plan, stock compensation plan, and generous retirement plan matches. I also make sure if they have contributed to the Deferred Compensation plan, that they understand the payout structure they fall under, and they have cash available to cover any subsequent tax bill.
QFor AbbVie employees 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?
The further you advance in your career at AbbVie, the more financial rewards you will receive. These will continue to get more complicated, and tracking the benefits – and optimizing them for your situation – will take more mental bandwidth. Make sure this is not impacting other areas of your life, as bringing in a financial advisor to take over this area of your life is not as expensive as you think!
QWhat questions do you recommend AbbVie employees ask financial advisors they’re considering hiring to help them decide if they’re a good fit?
How many AbbVie clients have you worked with? Have you worked with all the benefit plan options made available by the company?
Considering a financial advisor who specializes in working with AbbVie Employees?
Financial Advisor Q&A · AbbVie Employees
Brian Rhoads, CFA, EA
Checkpoint Financial Planning, LLC · Highland Park, IL · Serves clients nationwide
I help DIY investors keep it simple and stay the course.Brian Rhoads is a financial advisor based in Highland Park, Illinois who specializes in offering financial planning services to AbbVie employees. Brian helps his clients get the most value from their AbbVie benefits and compensation package so they can enjoy life and feel confident about their financial future.
QAs a financial advisor with experience helping AbbVie employees save for their retirement, how do you help them make the most of their employee benefits?
If you purchase AbbVie stock in your retirement account, I will help you understand and plan for the unique tax benefits of distributing the stock from your retirement account.
QBeyond AbbVie employee benefits for retirement savings, are there other types of benefits offered by the company that you find valuable to discuss with your clients?
I often recommend consideration of an HSA-eligible health plan, funding the HSA to the maximum, if possible, and allowing the balance to grow, unimpeded, by funding current medical expenses from cash flow or taxable assets.
QFor AbbVie employees 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?
Upon retirement, you’ll need to decide on the payment form for your pension – single life annuity, joint & survivor annuity, or certain-and-life annuity. You want to make this decision in your personal context, considering factors like other sources of life income, your tax plan, and personal health considerations.
QWhat are some of the unique financial planning challenges you commonly see among your clients who are AbbVie employees and how do you help them overcome these obstacles?
Concentration in company stock can quietly become an issue after steady purchases over many years and as the stock price grows. You should consider setting limits in advance.
QWhat questions do you recommend AbbVie employees ask financial advisors they’re considering hiring to help them decide if they’re a good fit?
How will you help me, the company employee, improve my abilities to self-manage my finances over time?
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About the Author
Brian Thorp
Founder & CEO, Wealthtender · Editor-in-Chief
Brian Thorp is the founder and CEO of Wealthtender and serves as Editor-in-Chief. With over 25 years in the financial services industry — including nearly 22 years at Invesco, where he led strategic partnerships with wealth management firms representing more than $100 billion in assets — Brian founded Wealthtender to help people find financial advisors they can trust and make more informed money decisions.
A member of the National Society of Compliance Professionals and its SEC Marketing Rule Working Group, Brian was recognized by WealthManagement.com as one of its “Ten to Watch in 2024” for his work reshaping how financial advisors market their services. He holds a B.B.A. in Finance from The University of Texas at Austin.
Brian and his wife live in Austin, Texas.