WWA knows Cummins. That means you do not have to waste time explaining the company’s compensation and benefit plans to us before we can start to help you reach your financial goals.
Are you sure you are doing all you can to maximize your benefits? We have seen Cummins’ benefits improve over the years, but the unintended consequence is that employees have more complex decisions to make. At WWA, we have a process to model your complete financial picture. We know what questions to ask, how to frame your choices and how to calculate their long-term impact. You pick your destination – we give you the roadmap.
WWA has worked with many Cummins employees over the years, developing strategies to maximize their benefits and save on taxes. Whether you are just starting out at Cummins like Jalene’s son, have worked there for decades like her husband or are looking at an early retirement option as was recently the case for our colleague Andy, our experience can guide and enhance your financial decision making.
Just Starting Out?
Below are some questions that might arise during on-boarding:
• How much do I put into RSP? How should I invest?
• What insurance plan do I pick?
• Do I really need an HSA?
• What about a ROTH?
• How do I balance long-term savings vs short-term needs and wants?
We are here to help you sort out questions like these and align your choices with your long-term goals. For example, Cummins has one of the best 401k plans in the industry. Starting with a Target Date Fund is a good introductory strategy, but do you really understand how it is invested and how it works? Download our free White-Paper (link here) to get the details and see which strategy is right for you.
Mid-Career?
As your career advances and you take on more responsibility, you have access to more benefits but less time to evaluate them. Understanding the nuances of each benefit and determining which ones fit best with your long-term financial plan is too important to be a DIY project. Seeking advice from an experienced advisor familiar with Cummins stock option programs, excess benefits, deferred compensation, and restricted share plans costs comparatively little but could yield significant benefits.
Financial matters you may need to consider:
- RSP and Cash Balance Plan
- ESPP
- Healthcare Benefits
- HSA and Dependent Care Spending
- KESIP
- Deferred Compensation
- Incentive Compensation
At WWA, you get an advisor who is “Cummins-savvy” but, more importantly, is required by law to put your interests first. Are you really comfortable leaving your financial future to the tender mercies of a securities salesperson? Schedule an appointment today to discover what it means when we say, “No commissions, no confusion, our only special interest is you.”
