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Do you work at Honeywell? Get the resources you need and expert insights from financial professionals who specialize in helping Honeywell employees make the most of their compensation package and benefits.
Whether you’re a new Honeywell 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 Honeywell benefits available to you?
✅If you’re thinking about leaving Honeywell 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 Honeywell Benefits and Compensation Package
Throughout the year, Honeywell 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 Honeywell who specialize in helping Honeywell employees make the most of their income and benefits.
Whether you work in the Honeywell headquarters in Charlotte, North Carolina, 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 Honeywell 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 Honeywell specialist financial advisor or an advisor close to home?
You’ll likely find dozens of nearby financial advisors well-suited to help you reach your money goals with a personalized plan. But it may be more difficult to find a financial advisor who specializes in serving Honeywell employees.
Fortunately, many financial advisors offer virtual services so you can meet online no matter where you (or they) live.
This means you can choose to hire a specialist financial advisor who lives hundreds of miles away if you decide their knowledge and experience working with Honeywell employees is a better fit to help with your unique needs.
💡 In the Q&A below, you’ll gain insights from financial advisors who work with Honeywell 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 Honeywell Employees & Executives
This page is organized into sections to help you quickly find the information you need and get answers to your questions:
- Q&A: Financial Planning Tips for Honeywell Employees & Executives
- Get Answers to Your Questions About Your Honeywell Benefits and Career
- Quick Facts & Resources for Honeywell Employees
- Browse Related Articles
Q&A: Financial Planning Tips for Honeywell Employees & Executives
Answers to Employee Questions with Spiros Vassilakos
Spiros Vassilakos is a financial advisor based in Tarpon Springs, Florida, who specializes in offering financial planning services to Honeywell employees. Spiros helps his clients get the most value from their Honeywell benefits and compensation package so they can enjoy life and feel confident about their financial future.
Q: As a financial advisor with experience helping Honeywell employees save for their retirement, how do you help them make the most of their employee benefits?
Spiros: Provide expertise and resources to help create a financial plan and retirement plan through a holistic approach. We will educate on benefits and compensation, retirement planning, tax planning and risk management.
Q: When you first speak with a Honeywell 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?
Spiros: I begin by asking what does Money mean to them. What is the goal they would like to accomplish towards retirement? What type of lifestyle they would envision and what type of legacy they would like to leave for the next generation.
Q: Is there a particular benefit available to Honeywell employees you feel isn’t as well utilized or understood by employees as it should be?
Spiros: Understanding how a self-directed account can provide boarder investment options and further portfolio diversification.
Q: Beyond Honeywell 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)?
Spiros: Life insurance, disability insurance, and Health Savings Accounts.
Q: For Honeywell employees thinking about leaving the company to accept a job elsewhere, what actions do you recommend they take before resigning and shortly thereafter?
Spiros: Speak with a Financial Advisor like us to put together a plan on the benefits of either rolling over your 401(k) to an IRA or to their new employer’s 401(k). Understand what are the tax implications if you have restricted or unrestricted stock plan.
Q: For Honeywell 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?
Spiros: Prior to retirement, I would recommend putting together a Retirement Income Plan and what the tax implications would be by drawing income from their retirement portfolio.
Q: For Honeywell 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?
Spiros: I would discuss the benefits of time management and the importance of how an advisor could provide a more proactive approach rather than a passive or no approach. A financial advisor can provide expertise and resources to help create an efficient and effective portfolio that is customizable to the employee’s goals.
Get to Know Spiros Vassilakos, Financial Advisor for Honeywell Employees:
View Spiros’s profile page on Wealthtender or visit his website to learn more.
Q: What are some of the unique financial planning challenges you commonly see among your clients who are Honeywell employees and how do you help them overcome these obstacles?
Spiros: The one that stands out is behavioral management. When the markets are volatile, many clients have certain biases that can affect their portfolios. Making the wrong decisions can negatively affect an individual’s retirement portfolio. Instead of being reactive, it is important to be proactive.
Q: What questions do you recommend Honeywell employees ask financial advisors they’re considering hiring to help them decide if they’re a good fit?
Spiros: What are the services you provide? What do you charge for your services? Do you work with other professionals with expertise in tax, estate, and risk management?
Q: Is there anything that comes up frequently in your initial meeting with Honeywell employees that surprises you?
Spiros: They have never worked with a financial advisor. They have never put together a comprehensive financial plan.
Q: For highly compensated Honeywell employees and executives, are there any special benefits you believe it’s important to take into consideration when preparing their financial plan?
Spiros: Understanding how an executive can better understand their benefit supplements under their qualified plan. Should they defer executive compensation to a later date, including retirement? How can they replace the loss of benefits due to certain IRS limits on qualified plans? Understanding the tax implications of executive stock options.
Q: Is there a particularly memorable experience or a moment you recall with a client who worked at Honeywell when you realized they have unique opportunities and circumstances when it comes to their financial planning needs?
Spiros: Understanding their tax breaks, their 401(k) and deferred compensation plan, the benefits of taking advantage of employer matches, and the high contribution limits compared to IRA contributions limits. Additional contribution catch-ups for individuals over the age of 50. Understanding how to shelter assets from creditors.
Are you a financial advisor who specializes in working with employees at Honeywell or another large company?
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About the Author
About the Author
Brian Thorp
Brian is CEO and founder of Wealthtender and Editor-in-Chief. He and his wife live in Austin, Texas. With over 25 years in the financial services industry, Brian is applying his experience and passion at Wealthtender to help more people enjoy life with less money stress. Learn More about Brian
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