Do you work at American Honda?
Get expert insights from financial advisors who specialize in helping American Honda associates and executives make the most of their compensation package and benefits.
Looking for a financial advisor who specializes in working with American Honda associates? You’re in the right place. Below, you’ll find advisors who understand American Honda benefits and compensation — along with their answers to common financial questions from American Honda associates and executives.
Whether you recently joined American Honda or you’ve advanced into a management or executive leadership role over a multi-year career, making smart decisions about your income and American Honda 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 American Honda benefits available to you?
✅ If you’re thinking about leaving American Honda 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
Lump Sum or Monthly Annuity Is the Key American Honda Pension Decision
The advisor below, a former American Honda compensation specialist, helps associates decide whether a lump sum rolled to an IRA or a monthly annuity fits best. Run several pension estimates to see what staying longer would add.
Before Leaving American Honda, Review Your Car Lease, Pension, and 401(k)
Consider buying out a leased car, decide how to take any pension, and weigh the pros and cons of rolling the 401(k) to an IRA before you go.
Plan for Healthcare and Long-Term Care Before Retiring from American Honda
Know your pre-Medicare and Medicare costs, your guaranteed income from the pension and Social Security, and a safe withdrawal rate. Many associates also invest their 401(k)s too conservatively.
Why American Honda Associates Work with a Specialist Financial Advisor
Throughout the year, American Honda 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 — along with health savings and flexible spending accounts and associate vehicle lease programs. 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 who specialize in helping American Honda employees make the most of their income and benefits.
American Honda Motor Co. is headquartered in Torrance, California, and has major U.S. operations in Ohio, including Marysville, as well as manufacturing plants in Alabama, Indiana, and Georgia. 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 American Honda 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 American Honda 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 American Honda associates. 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 American Honda associates is the better fit for your unique needs.
💡 In the Q&A below, you’ll gain insights from financial advisors who work with American Honda associates 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 American Honda Associates & Executives
In this section, you’ll learn how you can make the most of your American Honda employee benefits and gain valuable tips from financial advisors who specialize in working with American Honda associates and executives.
Financial Advisor Q&A · American Honda Associates
Angela Dorsey, CFP®, MBA
Dorsey Wealth Management · Torrance, CA · Serves clients nationwide
Fiduciary Financial Advisor Specializing in Financial Planning for Women.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.
QAs 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?
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.
QWhen 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?
I go through a unique process to understand their goals, values, financial situation, and what is important to them.
QIs 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?
I help American Honda associates analyze and determine whether taking a pension lump sum or a monthly annuity is best for their financial situation.
QBeyond 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?
I help Honda associates determine if they would benefit from having a Health Savings Account (HSA) or Flexible Spending Account (FSA).
QFor 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?
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.
QFor 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?
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.
QFor 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?
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.
QWhat 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?
Helping Honda Associates determine if they can leave Honda early so they can retire earlier, or start a new career or business.
QWhat 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?
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.
QIs there anything that comes up frequently in your initial meeting with American Honda Motor Company associates that surprises you?
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.
QFor 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?
Tax planning is extremely important to minimize taxes now and in retirement.
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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.