Your General Motors Benefits & Career: Financial Planning for Employees and Executives

Do you work at General Motors? Get the resources you need and expert insights from financial professionals who specialize in helping General Motors employees make the most of their compensation package and benefits.

Whether you’re a new General Motors employee 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 employee benefits. For example:

✅ Do you know the right moves to make to get the greatest value from the General Motors benefits available to you?

✅If you’re thinking about leaving General Motors 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 General Motors Benefits and Compensation Package

Throughout the year, General Motors provides its employees 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 General Motors who specialize in helping General Motors employees make the most of their income and benefits.

Whether you work in the General Motors headquarters in Detroit, Michigan, another office location or dealership 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 General Motors 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 General Motors employees 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 General Motors Employees & 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 General Motors Employees & Executives
2. Get Answers to Your Questions About Your General Motors Benefits and Career
3. Quick Facts & Resources for General Motors Employees
4. Browse Related Articles

Q&A: Financial Planning Tips for General Motors Employees & Executives

Answers to Employee Questions with Christopher Berry, JD, CELA, CFP

Christopher Berry is a financial advisor based in Brighton, Michigan, who specializes in offering financial planning services to General Motors employees. Christopher helps his clients get the most value from their General Motors benefits and compensation package so they can enjoy life and feel confident about their financial future.

Q: As a financial advisor with experience helping General Motors employees save for their retirement, how do you help them make the most of their employee benefits?

Christopher: I help them understand the employee benefits as well as pension vs. lump-sum distribution options.

Q: When you first speak with a General Motors 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?

Christopher: I like to focus on building a Retirement and Legacy Blueprint by helping them understand the transition options out of GM and help them understand the transition from an accumulation phase of life while working at GM versus the preservation and distribution phase of life of retirement.

Q: Is there a particular benefit available to General Motors employees you feel isn’t as well utilized or understood by employees as it should be?

Christopher: General Motors offers a range of employee benefits to its workers, including:

• Health insurance: GM offers a variety of health insurance plans, including medical, dental, and vision coverage.
• Retirement benefits: GM offers 401(k) retirement savings plans, as well as pension plans for eligible employees.
• Paid time off: GM offers vacation time, as well as paid time off for holidays, personal days, and sick leave.
• Employee assistance programs: GM offers resources and support for employees who may be facing personal or professional challenges, including counseling and legal services.
• Career development: GM offers a range of training and development programs to help employees advance their careers and improve their skills.
• Employee discounts: GM offers discounts on GM vehicles and other products and services to its employees.
• Other perks: GM may also offer other benefits and perks to its employees, such as gym memberships and employee social events.

Q: For General Motors employees thinking about leaving the company to accept a job elsewhere, what actions do you recommend they take before resigning and shortly thereafter?

Christopher: One of the biggest issues is what to do with their 401(k). Depending on the situation, we may want to roll the 401k to the new employer, or we may want to roll the 401k to an IRA.

Q: For General Motors 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?

Christopher: I recommend building a Retirement and Legacy Blueprint that focuses on five key areas of planning, which are:

• Income Planning
• Investment Planning
• Tax Planning
• Health Care Planning
• Legacy Planning

Q: For General Motors 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?

Christopher: During the accumulation phase of working for GM, it’s pretty straightforward, invest and save as much as you can. However, when you move into retirement, there needs to be a switch in mindset to preservation and distribution. Plus, upon retirement, there are HUGE tax planning opportunities now that the wages are not showing up on 1040.

Q: What are some of the unique financial planning challenges you commonly see among your clients who are General Motors employees, and how do you help them overcome these obstacles?

Christopher: One of the biggest obstacles for our clients from GM, especially the engineers, is just the mindset shift of now spending that money that you’ve worked so hard to accumulate. Typically, what we see is that you were a great saver, but now is the time to spend the money in retirement.

Q: What questions do you recommend General Motors employees ask financial advisors they’re considering hiring to help them decide if they’re a good fit?

Christopher: Are they a fiduciary? Are they a CERTIFIED FINANCIAL PLANNER®? What other credentials do you have? Do you tie legal, financial, and tax planning all into one package?

Get to Know Christopher Berry, Financial Advisor for General Motors Employees:

View Christopher’s profile page on Wealthtender or visit his website to learn more.

Quick Facts & Resources for General Motors Employees

General Motors Quick Facts & Resources	Details / Useful Links
General Motors Corporate Headquarters Address	300 Renaissance Center Detroit, MI 48243 (📍 Google Maps)
Overview of General Motors Benefits	Careers at General Motors (https://search-careers.gm.com/)
How much do General Motors employees Make?	View General Motors Salary Research on Glassdoor
How many people work for General Motors?	General Motors has over 150,000 employees worldwide (Source: Statista)
What is the ticker symbol for General Motors stock?	The General Motors ticker symbol is GM.

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