Phillips 66 Company

Retirement Planning

Get to know what resources are available to help you understand where you are now and plan ahead to achieve your retirement readiness goals - whether you’re new to the Company, mid-career or ready to retire soon.

Information regarding the retirement process and key dates will help guide you along the way for a smooth transition into your retirement years.


Key Resources

What to Consider

To help you think about how your life change will affect you, review the following list.

Ask Yourself Take Action
I’m ready to retire. How do I start the retirement process?

* Keep in mind that you must request your pension paperwork by the 15th of the month before your Benefit Commencement Date.

I would like to retire in five years. How do I know if I will be ready?
  • Review your Pension and Retiree Medical benefits on UPoint or call the Benefits Center
  • Monitor your Savings Plan account balances at Vanguard
  • Review your financial plans and retirement goals with an Ayco financial coach and utilize their online Retirement Planning tools and resources
  • Attend quarterly Ayco retirement readiness webinars
  • Consider hiring a personal financial advisor
I’m an early career to mid-career employee, what do I need to consider for retirement savings?
  • Understand both your Pension and Savings benefits, including company matching and Success Share contributions
  • Consider potential tax savings and investment earning opportunities of maximizing contributions to both the Savings Plan and your Health Savings Account (for those participating in a HDHP)
  • Review your financial plans and retirement goals with an Ayco financial coach and utilize their online tools and resources to help you build your savings
  • Consider using Vanguard’s Advice Services to be sure your investment portfolio reflects your time horizon and risk tolerance and that you stay on track for retirement
Where do I learn more about my benefits under the Phillips 66 Retirement Plan?
Where do I learn more about my benefits under the Phillips 66 Savings Plan?
Where can I learn more about my options for health coverage in retirement?
Do I need a financial advisor?
  • Many people find it to be helpful to work with a financial advisor, however there are costs associated with these services
  • You may review your financial plans and retirement goals with an Ayco financial coach and utilize their online Retirement Planning tools and resources at no cost
  • Advice services are available through Vanguard to help you be sure your investment portfolio reflects your time horizon and risk tolerance, and help you stay on track for retirement – costs vary by program
  • Phillips 66 provides employees within 24 months of retirement up to 3 sessions with an Ayco PFM advisor - visit Ayco Personal Financial Management to register with your work email address and access code P66
Is my Ayco financial coach the same as a financial advisor or planner?
  • Ayco financial coaches available through the Phillips 66 Well-Being program are not financial advisors, but they are trained and knowledgeable in Phillips 66 compensation and benefits - visit the Ayco Financial Coaching FAQs for more details
Does Phillips 66 offer financial advisor services?
  • Employees within 24 months of retirement have the opportunity to work directly with an Ayco PFM advisor for up to 3 sessions at no cost - visit Ayco Personal Financial Management to register with your work email address and access code P66

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