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

  • Throughout your career, work with a Goldman Sachs Ayco financial coach on your overall well-being through the Phillips 66 Total Well-Being Incentive Program
  • Consider using one of Vanguard’s Advice Services to be sure your investment portfolio reflects your time horizon and risk tolerance and keeps you on track for retirement
  • Attend quarterly Goldman Sachs Ayco retirement readiness webinars
  • Read the Navigating the Retirement Process guide for helpful information about important dates, benefits and resources available to you.
  • Learn more about Goldman Sachs Ayco's Retirement Readiness program here.

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?
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 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 a Goldman Sachs 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 a Goldman Sachs 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 a few years of retirement access Goldman Sachs Retirement Readiness service - visit Goldman Sachs Ayco and register with your work email address. Learn more here.
Is my Ayco financial coach the same as a financial advisor or planner?
  • Goldman Sachs 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 Goldman Sachs Ayco Financial Coaching FAQs for more details
Am I feeling anxious about this life change?
  • Daylight is a digital medicine app for managing anxiety available to active employees and dependents age 18+ enrolled in the HDHP or PPO medical plan.

Search