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Do you work at Amazon? Get the resources you need and expert insights from financial professionals who specialize in helping Amazon employees make the most of their compensation package and benefits.
Whether you’re a new Amazon 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 Amazon benefits available to you?
✅If you’re thinking about leaving Amazon 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 Amazon Benefits and Compensation Package
Throughout the year, Amazon 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 Amazon who specialize in helping Amazon employees make the most of their income and benefits.
Whether you work in the Amazon headquarters in Seattle, Washington, 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 Amazon 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 an Amazon 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 Amazon 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 Amazon 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 Amazon 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 Amazon 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 Amazon Employees & Executives
- Get Answers to Your Questions About Your Amazon Benefits and Career
- Quick Facts & Resources for Amazon Employees
- Browse Related Articles
Q&A: Financial Planning Tips for Amazon Employees & Executives
Answers to Employee Questions with Angel Escobedo, CFP®
Angel Escobedo is a financial advisor based in Austin, Texas, who specializes in offering financial planning services to Amazon employees. Angel helps his clients get the most value from their Amazon benefits and compensation package so they can enjoy life and feel confident about their financial future.
Q: As a financial advisor with experience helping Amazon employees save for their retirement, how do you help them make the most of their employee benefits?
Angel: Amazon offers a wide range of benefits, most of which its employees are either unaware of or do not use to their full benefit. For example, did you know you can get an estate plan done free of charge? This might be one of many benefits you might be looking to discuss with a professional before you take advantage of it.
Q: Is there a particular benefit available to Amazon employees you feel isn’t as well utilized or understood by employees as it should be?
Angel: The most common mistakes I see are waiving disability coverage that is available for free, buying expensive personal life insurance policies when Amazon can provide them for a fraction of the cost, and not taking advantage of the full 401k matching contribution.
Q: Beyond Amazon 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)?
Angel: Amazon attracts top talent via RSUs, and they come with unintended tax consequences. Preparing for large distributions with a good tax strategy is part of what we work with our clients.
Q: For Amazon employees thinking about leaving the company to accept a job elsewhere, what actions do you recommend they take before resigning and shortly thereafter?
Angel: When selecting a new employer, compare your total compensation package, not just your new income. If there are any RSU vesting around the corner, it might be worth waiting until they’re vested to leave. Roll over your Amazon 401k to your new employer’s retirement-sponsored plan or your personal IRA.
Q: For Amazon 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?
Angel: One crucial consideration for retiring Amazon employees is their willingness to dedicate themselves to financial planning, tax strategies, and investment management to secure a successful retirement. Most professionals can provide value in giving your time back, but the best will also find areas where you can optimize your plan.
Get to Know Angel Escobedo, Financial Advisor for Amazon Employees:
View Angel’s profile page on Wealthtender or visit his website to learn more.
Are you a financial advisor who specializes in working with employees at Amazon or another large company?
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About the Author
Brian Thorp
Founder and CEO, Wealthtender
Brian and his wife live in Texas, enjoying the diversity of Houston and the vibrancy of Austin.
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.
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