Chevron 401(k) Changes: Unpacking Your New Funds
As of June 1, 2023, Chevron employees’ 401(k) funds are changing. In this post, Chevron retiree and financial advisor Len Hanson breaks down what this could mean for your portfolio.
Regional Director – South Bay
Len started in the financial services industry in 1991. Prior to this, Len spent 10 years working for a large oil refinery in Los Angeles and that’s where his interest was sparked in the stock market.
While working at the refinery, Len began to manage his own 401k and started following the stock markets closely. Eventually, his co-workers learned of this and started coming to him for financial advice. Len became an advisor from 1991 to 2002 while also working at the refinery until he was forced with a tough decision from his broker/dealer. He had to quit working at the refinery or give up his practice. With two young kids he made a tough choice but continued working full time for the refinery.
Len continued to craft his skills and follow the markets offering education and guidance to his co-workers when it came to their 401k’s, pensions, and financial plans.
When his co-workers and friend began to retire, they did not want anyone else managing their money, so Len came back into the financial advisory world in 2011 by joining Warren Street Wealth Advisors.
Len enjoys the outdoors, hiking, working out, and spending time with his children Chelsey and Bryce, along with his wife Danya.
As of June 1, 2023, Chevron employees’ 401(k) funds are changing. In this post, Chevron retiree and financial advisor Len Hanson breaks down what this could mean for your portfolio.
Feeling like 2023 is your year to retire from Chevron, but afraid to take the plunge? Read on for steps you can take today.
With Chevron’s stock price hovering around $185,* this might be a good time for employees to diversify their portfolios by selling stock. Our Warren Street team is here to help you talk through all your options!
*(As of 11/22/22.)
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