Find Financial Advisors for Target Employees & Executives: Q&A Insights from the Experts

Looking for a financial advisor who specializes in working with Target employees? You’re in the right place. Below, you’ll find advisors who understand Target benefits and compensation — along with their answers to common financial questions from Target employees and executives.

Whether you recently joined Target or you’ve advanced into a management or executive leadership role over a multi-year career, making smart decisions about your income and Target 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 Target benefits available to you?

✅ If you’re thinking about leaving Target 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?

Why Target Employees Work with a Specialist Financial Advisor

Throughout the year, Target 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, for eligible leaders, the Executive Deferred Compensation Plan (EDCP) — along with equity compensation such as restricted stock grants and perks like a legal 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 Target who specialize in helping Target employees make the most of their income and benefits.

Target is headquartered in downtown Minneapolis, Minnesota, where most of its corporate team members work, with additional headquarters offices in Brooklyn Park, Minnesota. Across the country, the company employs hundreds of thousands of team members in nearly 2,000 stores and a network of distribution centers. Whether you work at headquarters, in a store or distribution center, 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 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.

Should You Hire a Target 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 Target 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 Target employees is the better fit for your unique needs.

💡 In the Q&A below, you’ll gain insights from financial advisors who work with Target 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 Target Employees & Executives

In this section, you’ll learn how you can make the most of your Target employee benefits and gain valuable tips from financial advisors who specialize in working with Target employees and executives.

Financial Advisor Q&A  ·  Target Employees

Kyle Moore, CFP®

Quarry Hill Advisors  ·  Saint Paul, MN  ·  Serves clients nationwide

Helping people retire smarter and faster with a proactive tax planning.

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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.

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

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.

QWhen 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?

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

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

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.

QBeyond 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)?

Stock grants, Health Savings Accounts, and Legal Plan.

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

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.

QFor 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?

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.

QFor 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?

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.

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

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

QFor 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?

EDCP Plan, company stock grants.

Considering a financial advisor who specializes in working with Target Employees?

Book an Intro Call with Kyle →View Kyle’s profile on Wealthtender ↗

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