Trusted by BGE/Exelon Families Preparing for Retirement
Your BGE/Exelon benefits can become the foundation of a strong retirement plan when pension, 401(k), and income decisions are coordinated with care.
Financial Advisor for BGE/Exelon Employees in Maryland
Marks Wealth Management is a fee-only fiduciary firm based in Ellicott City, serving Baltimore Gas & Electric (BGE/Exelon) employees and retirees across the region. Led by a Certified Financial Planner (CFP), our team has worked with more than 125 BGE/Exelon families over the past decade.
That experience includes BGE/Exelon pension planning, 401(k) and profit-sharing coordination, Social Security timing, and retirement distribution planning under Maryland tax rules.
When BGE/Exelon employees meet with our team, the conversation can begin with planning rather than basic benefits orientation.
The Pension
Your BGE/Exelon pension is based on years of service and compensation history, making it one of the most important components of your retirement plan. Deciding between a lump-sum payout and guaranteed monthly income can affect taxes, portfolio structure, and long-term retirement flexibility.
The 401(k) and Employer Match
Exelon matches employee 401(k) contributions up to 4% of eligible compensation. For 2026, contribution limits reach $23,500 annually, with higher catch-up limits available for employees over age 50.
Those contribution decisions become more meaningful when coordinated with pension income, taxes, and long-term retirement goals.
Profit Sharing
Eligible BGE/Exelon employees may also receive a separate annual profit-sharing contribution equal to 3% of compensation. Combined with the employer match, total company retirement contributions can reach 7% before personal savings are factored in.
That additional employer support can materially strengthen long-term retirement accumulation when incorporated into a broader financial plan.
What Makes Your BGE/Exelon Benefits Worth Protecting
Exelon provides BGE/Exelon employees with retirement benefits that can become a meaningful long-term asset when pension, 401(k), and employer contributions are coordinated carefully over time.
The Pension
Your BGE/Exelon pension is based on years of service and compensation history, making it one of the most important components of your retirement plan. Deciding between a lump-sum payout and guaranteed monthly income can affect taxes, portfolio structure, and long-term retirement flexibility.
The 401(k) and Employer Match
Exelon matches employee 401(k) contributions up to 4% of eligible compensation. For 2026, contribution limits reach $23,500 annually, with higher catch-up limits available for employees over age 50.
Those contribution decisions become more meaningful when coordinated with pension income, taxes, and long-term retirement goals.
Profit Sharing
Eligible BGE/Exelon employees may also receive a separate annual profit-sharing contribution equal to 3% of compensation. Combined with the employer match, total company retirement contributions can reach 7% before personal savings are factored in.
That additional employer support can materially strengthen long-term retirement accumulation when incorporated into a broader financial plan.
Pension or 401(k): How to Think About the Choice
Should I take the pension or focus on the 401(k)? It is one of the most common questions we hear from BGE/Exelon employees approaching retirement, and there is no universal answer.
The right decision depends on your years of service, retirement timeline, income needs, tax exposure, health considerations, and long-term financial goals. Each of those variables can change the outcome significantly.
| What the First Conversation Looks LikeWhen BGE/Exelon employees sit down with our team to evaluate the pension decision, the conversation starts with planning rather than plan education. We model multiple scenarios side by side, including income sustainability, taxes, estate considerations, and withdrawal flexibility. Having worked with more than 125 BGE/Exelon families, we understand which variables tend to matter most and how those decisions affect the broader retirement picture over time. |
Your Pension, Social Security, and 401(k) Are Connected
The pension decision does not happen in isolation. Pension income can affect Social Security timing, retirement withdrawals, and long-term tax exposure under Maryland’s state and county tax structure.
When pension elections, Social Security timing, 401(k) withdrawals, and tax planning are evaluated together, retirement income decisions can work more cohesively over time.
For employees approaching retirement, those decisions often compress into a relatively short planning window, making coordination especially important.
Ready to See How Your Benefits Work Together?
If you are approaching retirement from BGE/Exelon and want to better understand how your pension, 401(k), and retirement income decisions fit together, we would welcome a conversation.
How We Help BGE/Exelon Employees Plan for What Comes Next
Retirement planning focuses in on a few critical choices: when to retire, how to generate income, and how to make that income last. We help evaluate these decisions in the context of your situation, so that your timing, strategy, and investments work to support you in retirement. Not just on paper, but in real-life situations.
Retirement and Social Security Planning
We help BGE/Exelon employees evaluate how pension income, 401(k) withdrawals, and Social Security timing interact within a long-term retirement income plan designed around sustainability and flexibility.
Active Investment Management
Retirement portfolios often require closer attention to downside risk and income sustainability. Our investment process incorporates ongoing oversight and technical analysis designed to support long-term retirement planning through changing market conditions.
Tax-Efficient Wealth Management
Retirement distributions, Roth conversions, and withdrawal sequencing can all affect long-term tax exposure. We help BGE/Exelon employees coordinate tax-aware retirement strategies within Maryland’s state and local tax environment.
Featured In
We’re honored to be recognized by Forbes for the work we do on behalf of our clients.
Why Marks Wealth Management
Financial planning requires more than projections alone. It requires coordinated guidance, informed decision-making, and a long-term strategy built around your goals.
Planning Led by a Certified Financial Planner
Your financial plan is guided by a Certified Financial Planner (CFP) who evaluates retirement, income, taxes, investments, and long-term goals as part of one coordinated strategy.
Portfolio Management Built Around Your Goals
Your portfolio is managed with attention to retirement income, long-term financial stability, and changing market conditions. Our investment process incorporates technical analysis through a Chartered Market Technician (CMT) alongside ongoing risk evaluation designed to support the realities of retirement planning.
A Long-Term Partner for the Years Ahead
Your financial life does not follow a straight line, and neither should your advisory relationship. As your goals, responsibilities, and opportunities evolve over time, your financial plan should evolve with them.
Our team is structured to support long-term client relationships through coordinated guidance designed to adapt alongside every stage of life.
What Our Clients Say
Have been with MWM since retiring in 2022 and it’s one of the best financial decisions I’ve ever made. They have solid investment strategies with expert analysis that adapts to the ever changing markets in order to grow your portfolio. This coupled with regular communications and support have made the financial side of retirement a piece of cake. So, check out MWM and make your life easy.
Cary Allen
The entire Marks Wealth Management team is great to work with. Since investing with them, my portfolio has steadily increased and reaffirms what a great decision it was to trust them with my portfolio.
Donnie Halloway
As an older retiree, I have depended on Charles and his team to help keep me as independent as possible. I am one of the few among my friends who doesn’t seem to have money worries. Special thanks to Catherine and Taylor for all your care.
Jan Dove
I’ve been with Charlie MWM for 11 years now and could not be more pleased. His staff is very attentive, knowledgeable and professional. In a word …outstanding!
Joe Karl
Our Process
The best financial decisions start with a clear understanding of your goals, your current position, and the path ahead.
Our process is built to bring clarity, transparency, and ongoing guidance through every stage of your financial life.
Goal Orientation
We start by getting to know your goals, priorities, and ambitions so every recommendation begins with what matters most to you.
Financial Review
We assess your current financial picture, including existing accounts, investments, contributions, and opportunities for improvement, to understand exactly where you stand today.
Planning & Forecasting
We build a forward-looking plan around your retirement timeline, cash flow needs, and future income sources to map the financial path ahead.
Strategic Guidance
We present clear recommendations and give you full visibility into your plan so you can understand each decision and move forward with confidence.
Implementation
We put your plan into action with careful coordination and clear communication, so each step is carried out smoothly and transparently.
Active Monitoring & Review
We continue to review your holdings, contributions, and overall strategy over time, making thoughtful adjustments as your life and financial needs evolve.
Your BGE/Exelon Benefits Deserve a Coordinated Retirement Strategy
Your pension, 401(k), profit sharing, and Social Security decisions all affect one another over time. Start with a conversation about how those benefits fit into your broader retirement plan.
Common Questions from BGE/Exelon Employees
Key Takeaway:
Marks Wealth Management provides fee-only fiduciary financial planning for BGE/Exelon employees and retirees in Maryland, including guidance around Exelon pension elections, 401(k) and profit-sharing benefits, Social Security timing, retirement income planning, and tax-aware withdrawal strategies. Our team helps BGE/Exelon families coordinate those decisions within one long-term retirement plan.
The right choice depends on your retirement timeline, income needs, taxes, health considerations, and overall financial goals. We model both scenarios using your actual pension figures so you can evaluate how each option may affect long-term retirement income and flexibility.
Your pension income can influence the timing of Social Security benefits and how retirement withdrawals are structured over time. We help clients evaluate how pension income, Social Security timing, and 401(k) distributions may work together within a broader retirement income strategy.
Exelon matches employee 401(k) contributions up to 4% of eligible compensation, while the separate 3% profit-sharing contribution does not require employee contributions. We help employees evaluate contribution levels within the context of broader retirement goals and income planning.
Yes. Retirement planning continues after retirement begins. Distribution strategy, required minimum distributions, taxes, and long-term investment management all remain important considerations throughout retirement.
Key Takeaway:
Marks Wealth Management provides fee-only fiduciary financial planning for individuals, families, business owners, pre-retirees, and professionals across Maryland with complex financial lives and long-term planning needs. Our team helps clients coordinate investment strategy, retirement planning, taxes, employer benefits, and estate considerations within one comprehensive financial plan.