Your Raytheon Technologies Benefits & Career: Financial Planning for Employees and Executives

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

Whether you’re a new Raytheon Technologies 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 Raytheon Technologies benefits available to you?

✅If you’re thinking about leaving Raytheon Technologies 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 Raytheon Technologies Benefits and Compensation Package

Throughout the year, Raytheon Technologies 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 Raytheon Technologies who specialize in helping Raytheon Technologies employees make the most of their income and benefits.

Whether you work in the Raytheon Technologies headquarters in Arlington, Virginia, 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 Raytheon Technologies 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 Raytheon Technologies 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 Raytheon Technologies 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 Raytheon Technologies Employees & Executives
2. Get Answers to Your Questions About Your Raytheon Technologies Benefits and Career
3. Quick Facts & Resources for Raytheon Technologies Employees
4. Browse Related Articles

Q&A: Financial Planning Tips for Raytheon Technologies Employees & Executives

Answers to Employee Questions with Allen Mueller, CFA, MBA

Allen Mueller is a financial advisor based in Richardson, Texas, who specializes in offering financial planning services to Raytheon Technologies employees. Allen helps his clients get the most value from their Raytheon Technologies benefits and compensation package so they can enjoy life and feel confident about their financial future.

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

Allen: A huge benefit to Raytheon employees is the RAYSIP retirement plan which allows pre-tax, Roth, or after-tax contributions. In 2022, a high saver who wants to maximize their tax-advantaged accounts can contribute $20,500 to their pre-tax 401(k) ($27,000 if over age 50). On top of that, they can contribute about $40,000 to the after-tax 401(k) and convert that amount to Roth with an in-service conversion. This strategy, also known as the “Mega Backdoor Roth”, is popular among those who are above the income threshold to contribute to a Roth IRA.

Q: Beyond Raytheon Technologies employee benefits for retirement savings, are there other types of benefits offered by the company that you find valuable to discuss with your clients?

Allen: Raytheon healthcare plans are typically HSA eligible which means maximum account contributions of $3,650 for individuals or $7,300 for families (2022 values). The HSA is a fantastic way to lower taxable income at contribution, the money can be invested to grow tax-free, and withdrawals are tax-free if used for eligible medical expenses. Bonus points – the contributions to an HSA get to dodge Social Security and Medicare taxes if funded through payroll contributions. Building up a massive HSA balance can be an effective way to pay for Medicare premiums in retirement or self-insure for long-term care (LTC).

Another fantastic benefit is the group legal plan – a very cost-effective way to get estate planning documents like wills and trusts drafted for about $240. Normally, these documents cost several thousand dollars. Employees can choose the plan during open enrollment, pay for a year of the service, get documents created, and decline coverage during the next year’s open enrollment.

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

Allen: A common challenge among Raytheon employees, particularly those who are entering retirement, is the large tax-deferred balances in their 401(k) plans. If not mitigated, Required Minimum Distributions (RMDs) can cause a massive tax bill after age 72.

It’s important for retirees to work with a competent financial planner and develop a strategy to get ahead of RMDs during lower-income years. Typically implemented in the “tax planning window” between retirement and age 72, tools can include Roth conversions, delaying Social Security, and withdrawing from taxable accounts.

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

Allen: Questions to ask a potential advisor include:

• Do you act as a fiduciary (in my best interest) at all times?
• How are you compensated? Do you sell any products?
• How much (in dollars) can I expect to pay now and in the future?
• Do you require me to move my assets, or can you provide advice only without investment management?
• Do you focus solely on investments, or do you also advise on other important areas like tax planning, estate, retirement, debt/cash flow management, and insurance?
• What is your investment philosophy?
• What professional credentials do you hold?

Get to Know Allen Mueller, Financial Advisor for Raytheon Technologies Employees:

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

Quick Facts & Resources for Raytheon Technologies Employees

Raytheon Technologies Quick Facts & Resources	Details / Useful Links
Raytheon Technologies Corporate Headquarters Address	1000 Wilson Blvd, Arlington, VA 22209, USA (📍 Google Maps)
Overview of Raytheon Technologies Benefits	Visit this page to learn more about benefits at Raytheon
How much do Raytheon Technologies employees Make?	View Raytheon Technologies Salary Research on Glassdoor
Where can I learn more about careers at Raytheon Technologies?	Visit this page to learn more about careers at Raytheon
How many people work for Raytheon Technologies?	Raytheon Technologies has over 174,000 employees worldwide (Source: Raytheon LinkedIn Page)
What is the ticker symbol for Raytheon Technologies stock?	The Raytheon Technologies ticker symbol is RTX.

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