Investments

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Shell Retirement, Trust & Investment Services offers personalized retirement, insurance and investment strategies designed to help realize a lifetime of financial security. Services include 401(k)/Pension Rollovers, Retirement Planning, Education Funding, Mutual Funds, Life Insurance, Long-Term Care Insurance, Wealth Management, Trust Services and more. For most people, achieving and maintaining financial strength is a lifetime pursuit. With Shell Retirement, Trust & Investment Services your financial advisor is a fully registered, licensed and experienced investment and retirement planning professional who cares about people, and is dedicated to helping them build financial strength and security for life.

Serving as Shell Retirement, Trust & Investment Services’ Financial Advisor and assessable resource is Jon Reece Thompson. With more than 20 years of experience, Jon listens to the needs of his clients and provides tools to assist with known and unknown goals and risks. Jon strives to provide a pressure free environment and encourages his clients to take control of the decision making.

Meet Your Advisor

401K Rollovers

When you close or take money out of a retirement account before the guidelines allow it, you typically have to pay ordinary income tax, plus an early withdrawal penalty. But there’s a way to transfer the money into another qualified plan and it doesn’t trigger any taxes or penalties at all.

  • A “direct rollover” moves an IRA or employer retirement plan like a 401(k) or 403(b) plan directly into another IRA.
  • A “trustee-to-trustee transfer” is a direct rollover where your IRA savings are rolled into another IRA with a new trustee.

With an “indirect rollover,” you receive a distribution from the IRA or tax-deferred plan and then roll it into another IRA. This does trigger taxes, however it’s another available option. You must do this within 60 days. After that date, taxes will be due and depending on your age, an additional 10% tax penalty will be assessed. Indirect rollovers can force withholding. If your money is in an employer retirement plan, your employer is typically required to deduct 20% withholding.

Get started by scheduling a no-cost, no obligation appointment with Jon or Jodie.

Prior to requesting a rollover from your employer sponsored retirement account to an Individual Retirement Account (IRA), you should consider whether the rollover is suitable for you. There may be important differences in features, costs, services, withdrawal options and other important aspects between your employer sponsored retirement account and an IRA.

IRA is an investment account that belongs to you, to which you contribute. It can consist of stocks, mutual funds, bonds, annuities, certificates or other investment products. Gains grow tax deferred until they’re distributed. In some cases, they’re not taxed at all. Shell Retirement, Trust & Investment Services offers traditional, Roth, rollover and inherited IRA options. To see what option would work best for your financial plan schedule a no-cost, no obligation appointment with Jon or Jodie.

When you’re just starting to save and invest for your retirement, you may be like many people: comfortable accepting greater volatility and risk for the possibility of greater gain. As you approach retirement, you may have far less tolerance for ups and downs. Investors tend to shift to more conservative decisions, because losses just prior to retirement can be challenging -- and leave you little time to make it up with some unknown future gain. Prior to shifting your investment styles it's important to understand your current asset mix. Your financial advisor with Shell Retirement, Trust & Investment Services can help explain the pros and cons of each decision and let you decide how to proceed.

Deciding when to retire can also be a complicated decision, and it’s certainly a personal one. After a lifetime of work, are you financially and emotionally prepared for this new time of life? The fact is, you’re in control of the big decision, and you can be confident you’ll make the right one, especially if you’ve done your preparation and homework. Review your asset and liabilities to help you determine your net worth which could help you with your decision. Schedule a no-cost, no obligation appointment with Jon or Jodie to ask your retirement questions.

Giving your children the best opportunities in life is top of mind for most parents. That means you can never start too early on a serious college savings strategy. College costs continue to skyrocket, outpacing increases in income. Without careful planning, your children could find paying for higher education difficult. People with college degrees out earn their less educated peers significantly over a lifetime. They have an easier time getting work and withstand recessions and downsizing better. More parents are finding it difficult to fund their children’s college education. As a result, many students are taking on more debt – and having to repay college loans right after graduation. The answer? Start saving early. There special accounts specifically designed to help you save for college. The two most popular are the Coverdell Educational Savings Account (ESA) and the 529 College Savings Plan. They’re both tax-advantaged ways to grow your money. Start by working with your Shell Retirement, Trust & Investment Services financial advisor located at Shell Federal Credit Union today! Appointments are no-cost and no obligation.

Shell Retirement, Trust & Investment Services will help you reach your financial goals by carefully developing a plan that aligns with your specific needs, experience and time horizon. Regardless of where you are in life, the tools and financial products are available to you. We can collaborate to find an appropriate strategy for you that fits your financial plan. A roadmap will be set that takes you to your financial destination and annual reviews will be set to ensure you are on track. Jon Thompson and Jodie Smith, your financial advisors, are available to determine what the right options are for you.

Put your trust in your credit union, because protecting your family's future and your legacy is our concern as well as yours. That's why Shell Retirement, Trust & Investment Services has partnered with MEMBERS Trust Company to bring personalized trust and estate planning services to our members. We can assist with many services, including:

  • Tax savings strategies
  • Estate settlement
  • Asset management services
  • Revocable living trusts
  • Charitable giving
  • Life insurance trusts

Your Trust Liaison Officer, Jon Thompson, is here to personally assist you. In many cases, your plan may call for an experienced professional corporate fiduciary to act as the trustee of a trust to meet specific personal financial goals. In other cases, you may want guidance on estate planning and financial planning. Whatever your needs, the staff of MEMBERS Trust Company will work with you to implement a plan that's right for your own individual situation. Knowing you have a plan and an unbiased third party managing it provides peace of mind for you and those you love. To discuss your needs and options please schedule a no-cost, no obligation appointment with Jon or Jodie.

*Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA / SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Trust Services are provided through MEMBERS Trust Company. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America.