Скачать или смотреть Shell Employees Under 50 Can Put $84,300 Into Retirement Accounts in 2024

If you’re under age 50, the total IRS limit for 401(k) contributions in 2024 from employee and employer contributions is $69,000. This means employees under age 50 can contribute up to $34,500 to the Shell Provident Fund, between pre-tax and non-Roth after-tax savings. Want to learn more on how Shell employees can maximize their company benefits and optimize their taxes? Click here to schedule a call with us: https://hubs.li/Q0278KlZ0

Breaking down the contributions in 2024:

Shell company contribution: $34,500

Employee contribution to Roth or pre-tax: $23,000

Employee contribution to after-tax: $11,500

Backdoor Roth strategy: $7,000

HSA (Family): $8,300

*This example assumes $345,000 or more in annual income, Shell contributes 10% of your annual salary, for additional details on how to calculate yours see our webinar or contact us below

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Highlights:
00:00 Intro
00:20 How to Max Out Shell Retirement Contributions
01:30 Non-Roth After-Tax Contributions
02:10 Backdoor Roth Strategy
03:48 Outro


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If you are contributing after-tax dollars to the Shell Provident Fund, remember to roll out the after-tax funds at least once annually to a Roth IRA so that you can take advantage of the mega backdoor Roth strategy. Many Shell employees will be able to take advantage of the backdoor Roth savings strategy. Learn more here: https://hubs.li/Q0278KhJ0

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We offer a complimentary first meeting for Shell professionals looking for financial guidance. Click here to schedule your free consultation: https://hubs.li/Q0278KlZ0

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Willis Johnson & Associates
5847 San Felipe St., #1500
Houston, TX 77057
713.439.1200
[email protected]

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Disclosures:
Willis Johnson & Associates is a registered investment advisor. The information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed herein. WJA is not endorsed by or affiliated with Shell. Corporate benefits may change at any point in time. Be sure to consult with human resources and review Summary Plan Description(s) before implementing any strategy discussed herein. Willis Johnson & Associates is not a CPA firm.