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PROCTER & GAMBLE RETIREMENT SERVICES

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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 Wealth Advisors’ P&G wealth planning team combines the professional disciplines of four Certified Financial Planner(TM) (CFP(R)) professionals, a former Procter & Gamble employee, 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:

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Tax Bracket

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Income Needs

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Estate Planning Considerations

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Risk Tolerance

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Charitable Plans

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Many Other Factors

Committed to Helping You Navigate Your Financial Future

Meet the P&G Retirement Team

Brad Morgan, CFP®

Director & Senior Wealth Advisor

Patrick Richter, CFP®

Director & Senior Wealth Advisor

Nate Kunkel, CFP®

Senior Wealth Advisor

Keith Hamberg, CFP®

Senior Wealth Advisor

Timothy Gerard

Senior Wealth Consultant

Kyle M. Moore, CFA

Portfolio Manager

Todd Block, CPA

Director, Tax Planning & Preparation

Supporting Your Mission

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)®, Certified Public Accountant (CPA) and a former Procter & Gamble employee 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

Contact the P&G Team

Wealth Planning Calendar
for P&G Employees

Download the calendar PDF

360° Advice Designed to Last

Resources for You

Check back soon as new resources are added often!

P&G Retirement Overview Webinar

Brad Morgan, senior wealth advisor at Mariner Wealth Advisors, and Nate Kunkel, wealth advisor at Mariner Wealth Advisors, host a webinar for Procter & Gamble employees regarding their retirement.

WATCH NOW

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.

About Mariner Wealth Advisors

Having a partner, like Mariner Wealth Advisors, 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 Wealth Advisors 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 Wealth Advisors 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.

Contact the p&G Team

Schedule a Meeting

Name

Phone

State

Title

BEST TIME TO MEET

Before Noon

Noon - 5PM

After 5PM

Brad Morgan, CFP®

Director & Senior Wealth Advisor

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Email Brad

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513-618-3063

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Brad Morgan, CFP®

Designations and Licenses

Brad is a CERTIFIED FINANCIAL PLANNER™ professional.

Experience and Education

Brad provides financial planning and investment management to individuals, foundations and endowments. Brad leads our P&G advisor team and has specialized experience in Procter & Gamble employee benefits.

Following in the footsteps of three generations, Brad began his career at P&G. While there, he spent time around the world serving in roles in process design, package development and project management. His passion for investing and desire to work closely with individuals on their financial goals brought him to Mariner Wealth Advisors.

Brad has bachelor’s and master’s degrees in mechanical engineering, graduating magna cum laude from the University of Tennessee.

Personal Interests

Brad enjoys golf, cycling, running, snow skiing and water skiing.

Patrick Richter, CFP®

Director & Senior Wealth Advisor

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513-618-3033

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Email Patrick

BEST-IN-STATE

Designations and Licenses

Patrick is a CERTIFIED FINANCIAL PLANNER™ professional.

Experience and Education

With more than 15 years of investment and wealth planning experience, Patrick delivers broad-based wealth management services for high-net-worth individuals and families. He has experience working with the Procter & Gamble community and other Fortune 500 company executives and employees, where his knowledge of retirement plan distribution strategies, portfolio construction and stock option planning creates a tailored experience for his clients.

Prior to joining Mariner Wealth Advisors, he was a vice president and private banker with J.P. Morgan’s Private Bank high-net-worth office in Cincinnati serving on the executive wealth team. In this position, he worked alongside J.P. Morgan’s Retirement Plan Services Group. Patrick developed an understanding of various profit sharing plan distribution strategies, stock option awards, restricted stock grants and appropriate planning techniques to help minimize taxes and reduce concentration risk. Previously, he was a vice president and banker at J.P. Morgan Chase’s Private Client Group in Chicago where he was responsible for investment relationships, customizing asset allocations, and he worked comprehensively, advising clients on investments and retirement, estate and tax planning.

He has a bachelor’s degree in business administration from The University of Florida.

Accolades

In 2022, Patrick was named to the Forbes’ Best-In-State Wealth Advisors list, ranking #113 in Ohio.

Personal Interests

In his spare time, Patrick enjoys road biking, mountain biking, boating, waterskiing and watching his three kids’ sporting events.

Best-In-State: Advisors are selected for the Forbes rankings by SHOOK Research. Rankings for were published in April 2022, and were based on June 30th data, including 1- and 5-year periods. The ranking is based on an algorithm of qualitative and quantitative data, rating thousands of wealth advisors with a minimum of seven years of experience and weighing factors like revenue trends, assets under management, compliance records, industry experience, and best practices learned through telephone and in-person interviews. Portfolio performance is not a criterion due to varying client objectives and a lack of audited data. The ranking is not indicative of future performance, and there is no guarantee of future success. For additional information, visit www.forbes.com.

Nate Kunkel, CFP®

Wealth Advisor

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Email Nate

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513-619-7487

Designations and Licenses

Nate is a CERTIFIED FINANCIAL PLANNER™ professional.

Experience and Education

Nate works with high-net-worth individuals, foundations and endowments to provide comprehensive wealth management solutions to help them meet their goals.

Prior to joining Mariner Wealth Advisors, he completed an internship at Deerfield Financial Advisors where he assisted senior wealth advisors with financial plans and investment research. Prior to that, he completed an internship at Johnson Investment Counsel where he gained exposure to investment strategies.

Nate has a Bachelor of Business Administration degree in finance from the University of Cincinnati.

Personal Interests

Nate is involved with the Karen Wellington Foundation. He also enjoys playing golf and tennis and cheering on the Cincinnati Bengals and the Cincinnati Reds.

Keith Hamberg, CFP®

Senior Wealth Advisor

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Email Keith

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513-618-3049

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Keith Hamberg, CFP®

Designations and Licenses

Keith is a CERTIFIED FINANCIAL PLANNER™ professional.

Experience and Education

Keith provides financial planning and investment management to individuals, foundations and endowments. He works within our P&G advisory team and has experience in working with current, former and retired Procter & Gamble employees to walk through their benefits and develop a tax-efficient retirement paycheck. Prior to joining Mariner Wealth Advisors, Keith worked in various roles within the commercial banking world where he spent time working closely with individuals on their financial goals.

He has a bachelor’s degree in finance from the University of Dayton.

Personal Interests

Keith is an active member of the community is a graduate of Cincy Next, Class 5. Outside of work, he enjoys spending time with his wife and can be found on the golf course on most weekends.

Timothy Gerard

Senior Wealth Consultant

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Email Timothy

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513-569-2952

Experience and Education

After a rewarding 28-year career at Procter & Gamble, Tim retired to pursue his passion—helping the P&G community find solutions to their investment and retirement needs. Tim applies his understanding of the needs and issues facing the P&G community to his role as a senior wealth consultant at Mariner Wealth Advisors.

Tim is a member of the Procter and Gamble specialty team and helps P&G employees prepare for retirement, as well as helping those who have recently retired. He has knowledge regarding P&G’s profit sharing trust and what to consider as it relates to which distribution strategy to use.

Personal Interests

Tim is a supporter of the Fort Thomas/Northern Kentucky Veterans Administration Medical Center.

Kyle M. Moore, CFA

Portfolio Manager

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Email Kyle

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513-618-3051

Designations and Licenses

Kyle holds the Chartered Financial Analyst® designation.

Experience and Education

Kyle is a portfolio manager working with the director of equity research and implementing investment strategies. He has more than nine years of experience in the financial services industry, including particular experience in equity valuation and fundamental analysis.

Prior to joining Mariner Wealth Advisors, Kyle was a senior analyst at Western & Southern Financial Group where he worked in corporate finance. He was responsible for providing valuation analysis of merger and acquisition candidates and supporting the firm’s Securities Lending and Funding Agreement programs. In addition, he worked on real estate financings, asset-liability management and conducted counterparty risk assessments.

Kyle earned a Bachelor of Business Administration degree with a concentration in finance from Morehead State University and an MBA from the University of Cincinnati. Kyle is a member of the CFA Institute and CFA Society of Cincinnati.

Personal Interests

He is also a member of the Finance Department Advisory Board of Cincinnati’s Linder College of Business and the UC Student Fund Investment Committee.

Todd Block, CPA

Director, Tax Planning & Preparation

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Email Todd

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513-317-4149

Designations and Licenses

Todd is a Certified Public Accountant.

Experience and Education

Todd has more than 12 years of experience in tax and accounting. As director of tax, he assists clients with tax preparation and filings, tax planning and consulting, as well as a variety of accounting functions.

Prior to joining Mariner Wealth Advisors, he operated his own tax and accounting practice in Cincinnati, Ohio. Prior to that, he was a senior tax manager with Keith & Associates, PLLC.

He has a bachelor’s degree in business administration from The College of Charleston in South Carolina, and an MBA with an accounting concentration from Xavier University’s Williams College of Business.

Subscribe to the P&G Scope E-Newsletter

Stay up-to-date on the latest P&G retirement information.

P&G Retirement Overview Webinar

Brad Morgan, senior wealth advisor at Mariner Wealth Advisors, and Nate Kunkel, wealth advisor at Mariner Wealth Advisors, host a webinar for Procter & Gamble employees regarding their retirement.

P&G Retirement Plan Offers Many Investment Options

The first set of options that are available within the PST and Savings Plan are on the conservative side, and include money market funds and bond funds. These will move independently of the equity markets and are intended to act as a buffer to market volatility and help to provide buoyancy to your portfolio in times of market turmoil:

Cash & Fixed Income Investment Options:

Money Market Fund: This is the most cash like investment option available in the PST and Savings Plan. The fund will pay interest and not fluctuate in value. The money market fund invests in mostly debt, typically in commercial papers and repurchase agreements.
There are two bond funds that are available within the plan, with one being a Short-Term Bond Fund and the other being an Intermediate-Term Bond Fund. Both of these funds focus on fixed income, with the difference between the two being the duration on the securities within each fund. In the short-term fund, the bonds owned within the fund will have a focus on shorter duration, which can be useful when interest rates are low and rising. Inversely, the intermediate-term fund will have durations that stretch out longer. This will typically result in a higher yield than its short-term counterparts, but could be an inadvisable asset in times of rising interest rates.
Lastly, there is an option within the plan that can give you exposure to commodities and real estate.

For those willing to tolerate the higher risk and volatility that comes from investing in the equity markets, there are funds within the PST and Savings Plan that allow you to invest in the equity space:

Equity Options:

Large Cap Equity Index Fund: The Large Cap Equity Index Fund invests in domestics securities and is designed to track the investment return of the broad U.S. large cap equity space.
International Equity Index Fund: The International Equity Index Fund invests in international companies.
Small Cap Equity Index Fund: The Small Cap Equity Index Fund primarily invests in the U.S. markets. The fund differs from the Large Cap Equity Index Fund in that it targets its investments to companies that typically have a market capitalization of $3 billion or less. Companies within this fund are traditionally less susceptible to negative responses from international headwinds than larger companies with more international business.
If you are hoping to have a global allocation, which includes exposure to both domestic and international equity markets, you can simply blend the funds to get your desired exposures.
Procter & Gamble Common Stock: You have the option of investing in P&G stock in both the PST and Savings Plan.
Procter & Gamble Preferred Stock: A portion of your annual PST contributions are made in preferred stock. This stock can be an asset when considering methods of distribution from the PST and Savings Plan
J.M. Smucker’s Stock: J.M. Smucker’s stock is also available within the plans due to the former Folger’s merger with J.M. Smucker.

The last of the options available within the PST and Savings Plan are the pre-mixed investment options. These funds consist of a mixture of the funds listed above and have various equity targets placed on them, ranging from conservative to aggressive.

Typically when P&G employees turn 50, they are eager to begin diversifying away from their P&G concentration within their PST. With so many investment options to choose from, that process can be challenging. If you are in such a situation, please to reach out to your team at Mariner Wealth Advisors, or contact Brad Morgan or Nate Kunkel directly.

Disclosures

¹Think Advisor, “Brigitte Madrian’s Power of Suggestion — and How It Improved Retirement” article originally published in “Research Magazine”

² http://psychology.iresearchnet.com/social-psychology/decision-making/loss-aversion/

Mariner Wealth Advisors is not affiliated with Procter & Gamble. Any reference to them should not be construed as an endorsement by either party.

The views expressed are for commentary purposes only and do not take into account any individual personal, financial, or tax considerations. It is not intended to be personal legal or investment advice or a solicitation to buy or sell any security or engage in a particular investment strategy.

Investing in securities involves risk of loss, including loss of principal. Past performance is not indicative of future results.

Mariner Wealth Advisors (“MWA”), is an SEC registered investment adviser with its principal place of business in the State of Kansas. Registration of an investment adviser does not imply a certain level of skill or training.MWA is in compliance with the current notice filing requirements imposed upon registered investment advisers by those states in which MWA maintains clients. MWA may only transact business in those states in which it is notice filed or qualifies for an exemption or exclusion from notice filing requirements. Any subsequent, direct communication by MWA with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For additional information about MWA, including fees and services, please contact MWA or refer to the Investment Adviser Public Disclosure website. Please read the disclosure statement carefully before you invest or send money.

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Reverse Rollover

Furthermore, in the case where the client has a funded traditional IRA with both pre-tax and post- tax dollars (basis), this opportunity becomes even more attractive. Enter the reverse rollover. The P&G savings plan accepts “roll ins,” that is, moving money from a traditional IRA outside of the plan into the P&G savings plan. Let’s look at an example of how this might work and be beneficial.

Lets say you have a $200,000 traditional IRA that’s 50% pre-tax contributions ( $100,000) and 50% post tax contributions ($100,000). If you were to convert this entire traditional IRA to Roth IRA you would owe tax on the entire $100,000 of pre-tax monies. Instead, prior to the conversion, we send the $100,000 of pre-tax money as a roll in into the PG savings plan. This leaves the traditional IRA with 100% post-tax contributions, or basis, in the amount of $100,000. We cannot convert this entire traditional IRA to Roth IRA tax free. Moreover, since there is no longer a funded traditional IRA we can process the annual Backdoor Roth conversions for the client.

So what is the benefit? That $100,000 of basis will now grow tax free in the Roth IRA. Let’s assume the $100,000 doubles every seven years, so in 21 years you have $800,000. If left in the traditional IRA, the entire $700,000 of growth would be taxed at ordinary income rates when withdrawn.

Assuming a conservative 22% tax bracket, that’s an additional $154,000 of tax. As opposed to inside the Roth IRA, there will be no tax upon withdrawal. Add in the annual Roth contributions enabled for the client, and you have quite a bit of tax savings using this reverse rollover method.

Calculating your pro rata percentages and managing the roll in with the savings plan can be complicated. Please consult with your advisor if you have any questions on the process or reach out to me at [email protected], and I would be glad to help.

Disclosures

This piece is limited to the dissemination of general information pertaining to Mariner Wealth Advisors’ investment advisory services. The views expressed are for commentary purposes only and do not take into account any individual personal, financial, or tax considerations. As such, the information contained herein is not intended to be personal legal, investment or tax advice or a solicitation to buy or sell any security or engage in a particular investment strategy. Nothing herein should be relied upon as such, and there is no guarantee that any claims made will come to pass.

Roth IRA Conversions are complex and treatment depends on the type of IRA that is being converted to a Roth IRA. The views expressed regarding Roth Conversions are for commentary purposes only and do not take into account any individual personal, financial, or tax considerations. It is not intended to be a solicitation to buy or sell or engage in a particular investment strategy. Before initiating a Roth IRA Conversion, please consult with a financial or tax professional and ensure you consider all your available options, including applicable taxes, fees and features.

MWA does not provide all services listed in this piece. Some services are provided by affiliates and are subject to additional fees. Additional fees may also apply for tax planning and preparation services.

Certain MWA representatives are licensed insurance agents and are compensated for the sale of insurance-related products through an affiliated insurance agency.

MWA may recommend that clients authorize the active discretionary management of a portion of their assets by and/or among certain manager(s), including mutual funds, private funds or separately managed accounts managed by one or more advisory affiliates, based upon the stated investment objectives of the client. This is a conflict of interest.

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Keith Plywaczynski, CFP®

National Managing Director, Wealth Consulting

Designations and Licenses

Keith is a CERTIFIED FINANCIAL PLANNER™ professional.

Experience and Education

Keith focuses on the client experience and developing associate talent at several of our locations. He is responsible for strategy and operational execution in these locations, as well as identifying and opening new offices. He also specializes in helping corporate executives and business owners navigate the various complexities that impact their families and long-term financial goals.

Prior to joining Mariner Wealth Advisors, Keith spent six years as a lead financial advisor at Capstone Financial Advisors. In that role, he advised clients through the financial planning process, including tax planning, wealth transfer strategies, small-business planning and investment management. While at Capstone, he became a partner and served on the firm’s management committee, where he helped direct strategy related to growth initiatives and new client acquisitions. Before serving as a lead financial advisor, Keith was a financial analyst at Capstone. He also completed a two-year internship as a financial analyst in the Public Finance Department at Robert W. Baird & Co.

Keith has a bachelor’s degree in accounting and finance from North Central College.

Accolades

In 2021, Keith was named to Forbes’ Best-In-State Wealth Advisors list, ranking #39 in Illinois. In addition, Keith was ranked #15 on the Forbes 2020 Top Next-Gen Wealth Advisors list.

A CUSTOMIZED PLAN FOR YOU

CREATE A NEW WEALTH PLAN

Plan for your future, protect your life & Assets

P&G Retirement Services

Tax Bracket

Income Needs

Estate Planning Considerations

Risk Tolerance

Charitable Plans

Many Other Factors

Committed to Helping You Navigate Your Financial Future

Meet the P&G Retirement Team

Brad Morgan, CFP®

Patrick Richter, CFP®

Nate Kunkel, CFP®

Keith Hamberg, CFP®

Timothy Gerard

Kyle M. Moore, CFA

Todd Block, CPA

Subscribe to the P&G Scope e-newsletter

Supporting Your Mission

Procter & GambleTeam Qualifications

Discover how we can help you achieve your goals.

Wealth Planning Calendarfor P&G Employees

360° Advice Designed to Last

Resources for You

Check back soon as new resources are added often!

P&G Retirement Overview Webinar

360° Advice Designed to Last Today and Beyond

About Mariner Wealth Advisors

Contact the p&G Team

Brad Morgan, CFP®

Designations and Licenses

Experience and Education

Personal Interests

Patrick Richter, CFP®

Designations and Licenses

Experience and Education

Accolades

Personal Interests

Nate Kunkel, CFP®

Designations and Licenses

Experience and Education

Personal Interests

Keith Hamberg, CFP®

Designations and Licenses

Experience and Education

Personal Interests

Timothy Gerard

Experience and Education

Personal Interests

Kyle M. Moore, CFA

Designations and Licenses

Experience and Education

Personal Interests

Todd Block, CPA

Designations and Licenses

Experience and Education

Subscribe to the P&G Scope E-Newsletter

P&G Retirement Overview Webinar

P&G Retirement Plan Offers Many Investment Options

Cash & Fixed Income Investment Options:

Equity Options:

Reverse Rollover

Keith Plywaczynski, CFP®

Designations and Licenses

Experience and Education

Accolades

Procter & Gamble
Team Qualifications

Wealth Planning Calendar
for P&G Employees