Retirement Planning

• Read the Navigating the Retirement Process guide or watch the video for helpful information about important dates, benefits and resources available to you.
• As long as you are an active employee, you have the opportunity to utilize the Goldman Sachs Ayco financial coaching service at no cost.
• Initiate^* the commencement of your Pension benefits on the Phillips 66 Benefits Center website or make an appointment with a Retirement Specialist at the Phillips 66 Benefits Center

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

• Review your Pension and Retiree Medical benefits on the Phillips 66 Benefits Center website or call the Phillips 66 Benefits Center
• Monitor your Savings Plan account balances at Vanguard
• Review your financial plans and retirement goals with a Goldman Sachs Ayco financial coach and utilize their online Retirement Planning tools and resources
• Attend quarterly Goldman Sachs Ayco retirement readiness webinars
• Consider hiring a personal financial advisor

• 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

• View the Pension webpage and applicable Summary Plan Description
• Visit the Phillips 66 Benefits Center website or call the Phillips 66 Benefits Center

• View the Savings webpage and Savings Plan Summary Plan Description
• Visit Vanguard online or call Vanguard Participant Services

• View the Retiree Medical webpage and the Phillips 66 Health and Well-Being Handbook Summary Plan Descriptions
• View your Retiree Medical benefits on the Phillips 66 Benefits Center website or call the Benefits Center
• View the Smart Choice User Guide to understand the Retiree Medical Account (RMA) process
• View the Retiree Medical Account (RMA) Reimbursement List
• View the Alight Retiree Health Solutions Guide to learn about Medicare options through the Alight Retiree Health Solutions

• 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 to active employees
• 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

• 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