For Intel Employees
Intel offers many retirement and investment-related benefits, and coordinating them or choosing between them can be complex. Veripax Wealth Management is intimately familiar with Intel’s benefits and can help you make important decisions regarding:
- Intel Employee Stock Purchase Plan (ESPP)
- Mega Backdoor Roth (After-Tax Contributions and Rollovers)
- SERP/SERPLUS Allocation
- Minimum Pension Plan
- Stock Option/Restricted Stock Unit Planning
- Traditional 401(k) vs. Roth 401(k)
- Life Insurance Options
- Leaving Intel
Intel SERP
Intel SERP (Sheltered Employee Retirement Plan) includes a feature called BrokerageLink, which allows employees to create an account inside the 401(k) that can hold any mutual fund or Exchange Traded Fund (ETF) available on Fidelity’s brokerage platform. This creates a way to diversify your 401(k) portfolio with investments that do not necessarily move in lock-step with the overall market. A properly-allocated 401(k) using BrokerageLink can be an excellent complement to Intel’s other investment options.
Veripax has the ability to provide professional management of 401(k) BrokerageLink accounts, allowing us to help you coordinate the investments in your 401(k) with other accounts you may have outside of SERP. Managing your 401(k) along with outside accounts as a single portfolio is a more logical and efficient way of managing retirement investments. As an independent Registered Investment Advisor (RIA), Veripax benefits from lower trading costs for many investment types, fee waivers, and access to lower-cost Institutional fund share classes that are not available to most individual investors. We do not include BrokerageLink accounts in our fee calculation for clients, which means that it literally costs clients nothing to have their 401(k) professionally managed.
Intel SERPLUS
Intel SERPLUS (Salary Deferral) offers a way for senior employees to defer income from salary and bonuses to a later date, typically after retirement. SERPLUS is a separate plan from your 401(k), and has a different set of rules and protections. Veripax can help you plan and optimize the payout choices, and help determine the optimum amount of salary deferral.
Mega Back Door Roth IRA
This is a fairly new benefit that allows employees to make after-tax contributions up to an IRS limit, and periodically roll these contributions to a Roth IRA. When used properly, the Mega Back Door Roth feature can be a valuable planning tool for retirement.
401(k) vs. Roth 401(k)
Intel offers the option of a Roth 401(k) in addition to the traditional 401(k). Using a Roth 401(k) can make sense for some employees, but there are many factors that should be considered before deciding on one version or the other. Veripax can help you decide whether contributing to a Roth 401(k) makes sense and how this will affect your financial position after retirement.