Your Target Benefits & Career: Financial Planning for Employees and Executives

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

Whether you’re a new Target 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 Target benefits available to you?

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

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

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

Q&A: Financial Planning Tips for Target Employees & Executives

Answers to Employee Questions with Kyle Moore, CFP®

Kyle Moore is a financial advisor based in Saint Paul, Minnesota, who specializes in offering financial planning services to Target employees. Kyle helps his clients get the most value from their Target benefits and compensation package so they can enjoy life and feel confident about their financial future.

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

Kyle: Target has unique company benefits that many employees do not leverage with their personal financial plans. A cohesive plan that includes their 401k, EDCP plan, Legal Plan, and Stock Grants is essential for employees who want to ensure they take advantage of every opportunity and benefit Target offers.

Q: When you first speak with a Target 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?

Kyle: How are you currently leveraging Target’s benefits? Do you have a strategy around your benefits elections?

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

Kyle: The Target EDCP plan is challenging to understand. As such, we find that most employees who are EDCP eligible do not have a strategy around their deferral elections and how it can be coordinated with them personal financial plan.

Q: Beyond Target 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)?

Kyle: Stock grants, Health Savings Accounts, and Legal Plan.

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

Kyle: Make sure the new company is willing to make you whole on the unvested Restricted Grants you would give up. Know when your EDCP deferrals will be paid out and have tax projections run for those years to understand how the EDCP distributions will effect your tax liability for the year.

Get to Know Kyle Moore, Financial Advisor for Target Employees:

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

Q: For Target 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?

Kyle: We help clients construct a retirement portfolio that will last 40+ years. We also design a dynamic withdrawal strategy that maximizes the amount they can take out in retirement. The withdrawal strategy also is designed to reduce your lifetime tax bill by understanding which accounts to draw down and when.

Q: For Target 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?

Kyle: The skills required to accumulate and preserve a retirement portfolio differ greatly from those required to decumulate and preserve one. Many of our clients are intelligent people who no longer want to be solely responsible for their financial future considering the high-stakes financial decisions they must make during what should be the least stressful years of their lives.

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

Kyle: Are you a fiduciary? Do you promise to act in my best interest?

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

Kyle: EDCP Plan, company stock grants.

🙋‍♀️ Have Questions About Your Target Benefits or Career?

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