Maximize Every RTX Advantage
Your career with RTX involves more than just a paycheck; it includes complex benefits, stock awards, and retirement options that require thoughtful, strategic coordination. As a high-earning professional, maximizing your benefits and aligning your compensation with your goals is crucial – but it may feel like a maze of financial and investment decisions. From overlooked tax strategies and benefits to concentration risks, understanding the full scope of your compensation is essential to growing your wealth, ensuring long-term security, and avoiding costly mistakes.
With Raytheon Technologies employment experience and ongoing support of current and former employees across RTX’s business units nationwide, including Collins Aerospace, and legacy Raytheon, our team provides specialized expertise into the unique planning opportunities available to you. We leverage our deep understanding of Raytheon’s benefits and compensation structures to help you assess your specific circumstances at every stage. You’ve designed your career with precision; now, let’s optimize the system behind your finances.
Connect with Advisors Who Speak Raytheon’s Language
Kim Benson, a CCMI principal and owner, is a former RTX (Raytheon Technologies) employee with deep familiarity with the company’s compensation programs, benefits, and planning opportunities. Drawing on her firsthand experience and years of working with RTX employees and executives, she guides clients through the complexities of stock compensation, open enrollment, the RTX Savings Plan, retirement planning, and deferred compensation.
More importantly, Kim helps clients understand how these benefits work together within the context of their broader financial lives, integrating RTX-specific opportunities with each client’s personal objectives.. From their working years through retirement, she guides current and former RTX employees through complex financial decisions, supporting them in making informed choices and staying on track toward their long-term financial goals.
You solve complex problems every day but your financial strategy doesn’t have to be one of them. We’re here to help you confidently navigate the unique components of your compensation with firsthand insights and real-time RTX updates to help ensure all the moving pieces work for you.
A mega backdoor Roth allows RTX employees to save beyond the standard 401(k) contribution limits in their RTX Savings Plan with after-tax contributions, which is ideal for high-income earners, young professionals with longer time horizons, or near-retirement employees looking to boost savings. You will pay taxes on any investment growth when you convert, so you should consider your cash flow; however, the benefits of a Roth IRA are enjoying tax-free growth afterward, tax-free withdrawals in retirement, and no RMDs.
If you’re a high earner, you may consider maximizing your 401(k) while participating in a deferred compensation plan, if you’re eligible. The deferred compensation plan has several options available that allow you to defer a portion of income, performance share units (PSUs), and/or a bonus beyond plan limits, further supplementing your retirement funds and reducing taxable income in higher tax years.
Once your RSUs, SARs, and PSUs vest, consult an advisor to take appropriate actions and identify potential risks and strategies, including managing concentration risk and tax implications. Company stock is only a single component of your investments, and should be managed within the context of your broader financial plan.
If you leave RTX, you can typically roll over your 401(k) to a new employer’s 401(k) or an IRA, leave it in the RTX account if eligible, or withdraw the funds under the Rule of 55, which allows employees who separate during or after they’re 55 to begin withdrawals without getting an early withdrawal penalty (but withdrawals are taxed). A financial advisor and tax professional can help you make the transition in a tax-efficient way.
It’s important to review your RTX benefits together, rather than in isolation, so you can better understand when each income stream begins, how taxes are affected, and how they can create steady retirement income while managing risk. This may include spreading payments over time or using guaranteed income from the lifetime income strategy strategically to manage tax brackets, RMDs, and Medicare premiums.
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