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P&G Retirement Services
To serve the Procter & Gamble community, we have up-to-date experience and an understanding of the P&G retirement plan, profit sharing and savings plan, and benefits packages. Mariner’s P&G wealth planning team combines the professional disciplines of three Certified Financial Planner™ (CFP®) professionals, and a former advisor from P&G’s retirement plan previously held at J.P. Morgan. This experience enables us to develop a comprehensive plan that is customized to the specific goals of each P&G employee and retiree we partner with.
The years leading up to retirement are critical from an investment and planning perspective; retirees may not be able to undo a distribution strategy once it’s implemented.
The following items need to be built in to a retiree’s customized plan:
- Tax Bracket
- Income Needs
- Estate Planning Considerations
- Risk Tolerance
- Charitable Plans
- Many Other Factors
YOU DON’T JUST GET A PERSON. YOU GET A TEAM.
Meet the P&G Retirement Team
Patrick Richter, CFP®
Director & Senior Wealth Advisor
Keith Hamberg, CFP®
Senior Wealth Advisor
Hunter Cloud, CPA, CFP®
Senior Wealth Advisor
Steven Zins, CFA
Wealth Advisor
Kyle M. Moore, CFA
Portfolio Manager
Todd Block, CPA
Director, Tax Planning & Preparation
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Procter & Gamble
Team Qualifications
Discover how we can help you achieve your goals.
- Combined professional disciplines of a Certified Financial Planner™ (CFP®), Chartered Financial Analyst (CFA®) and a Certified Public Accountant (CPA) to form this specialized team
- Personal experience working alongside P&G J.P. Morgan Retirement Plan Services, former custodian of the Procter & Gamble PST & Savings Plan
- First-hand experience working with Procter & Gamble employees, retirees and alumni
- Technical knowledge of the Procter & Gamble retirement plan
- Adept in profit sharing plan distribution strategies, stock option awards, restricted stock grants and appropriate planning techniques to minimize taxes and reduce concentration risk
- Collective experience of more than 30 years in building customized portfolios, including asset allocation and security selection
- Comprehensive wealth planning knowledge, tools and resources
Wealth Planning Calendar
for P&G Employees
Resources for You
Open Enrollment
It’s almost that time again … Open enrollment for health insurance and fringe benefits. The easiest option is to select exactly what you selected last year. However, this is an ideal, once-a-year opportunity to review your current elections to make sure they’re still the best option for you and your goals.
Year-End Tax Planning & Stock Awards
As we approach the end of the calendar year, this is a great time to review your tax plan with your financial advisor and/or CPA.
The Essential Estate Planning Documents
Consider including these key estate planning documents as part of your wealth plan.
Estate planning is the process of organizing one’s personal and financial affairs to ensure that your wishes for your health and wealth are clear.
Executive Summary - Earnings Report and Stock Reaction
Procter & Gamble reported earnings for the fourth quarter of its fiscal 2025 on Tuesday, July 30, and its stock opened the day down, declining over 5% in early trading and reaching as low as $158.04 per share. After several quarters of declining volumes and two quarters of in-line results, P&G reported positive volume growth of 2%. Despite the turnaround in volume growth and the sixth consecutive year of 4% or better organic sales growth, the deceleration in organic sales growth for fiscal 2024 versus previous years has left the market wanting more.
Executive Summary - LTIP Decision and Recommendations
2024 LTIP Award Payment Preference Decision
For those employees who receive Long-Term Incentive Plan awards, the election window is now open. The choice is between a combination of stock options and/or restricted stock and must be made within your Executive Compensation portal by August 22. It is important to know your choices from previous years do not carry forward to this year.
What is the difference between the two choices?
P&G Retirement Plan Changes
In a recent communication from the company to employees in March, there are some changes coming for Highly Compensated Employees (HCE’s) in the upcoming fiscal year beginning on July 1, 2024. For the 2025 Fiscal Year, HCE’s will be ineligible to make contributions to their Savings Plans, outside of those over the age of 50, who will only be eligible to contribute the catch-up contribution portion.
P&G Retirement Plan Offers Many Investment Options
Within the P&G Retirement Plan, there are many different options for where to allocate your investments. Once you turn 50, you have access to these options within your PST, and you always have access to these options if you are saving in your 401(k) Savings Plan. Listed below is a summary of the options available to you.
Reverse Rollover
Oftentimes, our P&G clients are unable to perform the annual Backdoor Roth IRA contributions due to having funded traditional IRAs. When performing a Roth conversion, a funded traditional IRA brings in tax liability due to the pro rata nature of the conversion.
ACCESS TO A WEALTH OF KNOWLEDGE AND SOLUTIONS
About Mariner
Having a partner, like Mariner, in this process can give you the peace of mind that you have properly considered and analyzed all the appropriate alternatives and have chosen a path that is right for you.
Financial and investment planning is not a product; it is an ongoing process between Mariner and you. This philosophy is the foundation of our wealth advice.
Once your plan is developed, we will:
- Implement your customized investment strategy
- Work side-by-side with you and your family
- Monitor your portfolio and financial plan
- Work closely with your other professional advisors to make sure your investment goals, tax strategies and estate plans are part of one coordinated effort.
Our objective is to provide you the peace of mind you need to fully enjoy your retirement years.
Mariner is not affiliated with Procter & Gamble. Any reference to them should not be construed as an endorsement by either party.
There is no assurance that any financial or investment planning will be successful. Investing involves risk, including the possible loss of principal.