News & INSIGHTS
What Chubb Employees Need to Know about the SERP
By Aaron Marks, Founding Partner & Chief Strategy Officer
Chubb employees have countless benefits offered to them, but none may be as powerful as the SERP if used properly. The Supplemental Employee Retirement Plan (SERP) allows certain Chubb employees to potentially save for retirement above and beyond the standard IRS limits for 401(k) contributions while also receiving additional company match. But just enrolling in the SERP plan does not ensure that you will have the anticipated outcome in retirement.
From the investment elections that need to be made (too many of our clients unwittingly had 100% of their contributions only being invested in a Money Market) and payout choices that have a major impact on your future tax bills and cash flow in retirement, it is critical to have a well thought out plan going into the SERP and OCDP election period.
The next enrollment period begins Monday, November 29, 2021 and ends on Friday, December 17, 2021.
Contact us at awa@ampliuswealth.com for a complimentary review of your options.
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This report is intended exclusively for the recipient and is for informational purposes only. It should not be construed as an attempt to sell or solicit any products or services nor should it be construed as investment, legal, or tax advice. Amplius Wealth Advisors does not provide legal or tax advice, and any reference to tax or legal consequences should be discussed with a tax or legal professional.
