Retiring from P&G? Your Essential Planning Guide

If you're planning to retire from Procter & Gamble in 2026, congratulations! You're in the home stretch. But this is not the time to coast. The window leading up to retirement is one of the most critical phases in your financial life.

At Beyond Wealth Partners, we specialize in guiding P&G employees through this exact transition. Here are six planning moves you should be thinking about now.

Map Out Your PST Rollover and NUA Opportunity

The PST (Profit Sharing Trust) may be your largest retirement asset. The decision to roll it over—or elect Net Unrealized Appreciation (NUA)—has lifelong tax consequences.

• Are you a good NUA candidate?
• Should you NUA your PG preferred shares, PG preferred + common shares, or skip NUA entirely?
• Do you need to utilize the frank duke rollover to negate the cost basis of NUA and avoid the applied 10% penalty to tax basis if you are under the age off 55 in the year you retire?

We run NUA projections for every retiring P&G employee we work with.

Here’s a smart strategy: consider adding a direct indexing portfolio to your taxable account in the year or two leading up to retirement. This can generate harvested capital losses, which may be used to offset the long-term capital gains triggered when PG preferred stock is distributed under NUA.

Done right, this creates a smoother tax impact and gives you greater flexibility when rebalancing post-NUA.

Coordinate STAR, LTIP, and RSU Timing

P&G compensation gets complex quickly. If you’re retiring mid-year in 2026, you need to know:

• How STAR awards are received in the year of retirement.
• Whether your LTIP will vest, be prorated, or forfeited
• How your retirement date affects long-term incentive eligibility

ERISA RSUs, awarded to highly compensated employees, come with their own vesting schedules and should be reviewed closely as you finalize your retirement date.

Execute a Smart Tax and Charitable Giving Strategy Before Your Income Drops

Your last full year of W-2 income creates a unique planning window. You can:

• Accelerate charitable gifts to front-load deductions
• Manage capital gains ahead of a potential lower-bracket year
• Plan for Roth conversions in the years after you retire

Done right, this could save six figures over your retirement.

Just as important: make sure you have a trusted advisor or accountant who understands how to manage estimated tax payments. Once you retire, you’ll no longer have payroll withholdings doing the heavy lifting—and underpayment penalties are easy to trigger if you’re not careful.

If you participated in an international retirement plan during an overseas assignment, make sure you understand how and when that benefit will be distributed. You will either receive a lump sum the year after you retire—creating a large, taxable event—or you will have a pension-style payout if elected in advance.

The last 1–2 years before retirement are your highest-income years. That means they’re also the most valuable years for charitable deductions.

One smart move: front-load multiple years of giving into a Donor-Advised Fund (DAF) before you stop earning W-2 income. This allows you to:

• Capture a large deduction in a high-income year
• Continue giving to charities gradually in retirement
• Donate highly appreciated PG stock without triggering capital gains
• Simplify recordkeeping and grantmaking across multiple organizations

Lock in Healthcare Coverage (and IRMAA Planning)

Medicare doesn’t kick in until age 65. Have a plan for:

• Healthcare Bridge Years between retirement and Medicare
• Managing MAGI to avoid IRMAA surcharges
• Evaluating your spouse’s coverage and backstop in the case of your death

Update Your Estate Plan and Account Titling

Many employees wait until after retirement to update wills, trusts, and beneficiaries. But this can delay important decisions about:

• Who inherits what—and how?
• How do your IRAs and brokerage accounts flow?
• Who acts on your behalf if you’re incapacitated?

This is especially important for those with adult children, second marriages, or charitable goals.

If you're still employed, consider using your ARAG legal benefit through P&G—it’s a cost-effective way to get your estate plan drafted or updated before you leave.

Plan for Paycheck Replacement, Second Home Goals, Social Security Timing—and Life Beyond Work

Your P&G income has been predictable. Your investments… not so much. Before you retire, it’s critical to build a sustainable withdrawal strategy from:

• Non-retirement accounts (often selling low-basis PG stock in the early retirement years)
• IRA, Roth IRA, and brokerage accounts
• Option and RSU proceeds
• Social Security

If you’re thinking about purchasing a second home or relocating in retirement, now is the time to explore mortgage options. It’s often much easier to qualify while you still have W-2 income.

Don’t overlook your Social Security strategy. Whether you start at 62, wait until full retirement age, or delay to 70, the impact on your lifetime benefit—and your spouse’s—can be substantial. We run breakeven and survivorship analyses for every client.

Consider electing your STAR in stock options rather than cash as you approach retirement. With plans to diversify your PST holdings, you may be able to absorb the added PG exposure in exchange for tax-deferred, laddered income opportunities in retirement.

And don’t forget to plan for your life beyond the spreadsheets. I highly recommend the book Your Retirement Quest by former P&G’er Keith Lawrence —it’s a thoughtful guide to designing a life of purpose and passion after P&G.

Ready to Create Your Personalized Retirement Map?

We’ve helped hundreds of P&G employees walk through this same transition—and I’d be honored to help you, too.



Schedule a personalized Retirement Readiness Assessment with us to see what’s possible and avoid common mistakes.