Employee Stock Ownership Plans (ESOPs) are a type of retirement plan that allows employees to own a stake in their company. ESOP plans invest primarily in employer stock, and the value of the plan is tied to the performance of the company. Over time, the value of the employer [...]
Are you worried you have too much in your company ESOP plan? It's important to understand your Lockheed Martin Employee Stock Ownership Plan (ESOP) as part of your overall financial picture. In this article, we will provide insights and practical tips to help you assess and manage your Lockheed [...]
Getting started with a new career at Lockheed can be overwhelming - new roles, maybe a relocation, new staplers, HR forms, etc. Many times, the thing that gets overlooked during that initial process is the 401k. So, what are the top 5 401k mistakes I see new Lockheed Martin [...]
For college basketball fans, March Madness is one of the most exciting times of the year. But did you know that there are valuable lessons to be learned from the tournament that can be applied to 401k investing? Just like a successful bracket-busting team, a successful 401k investor must [...]
Do you know that you can pull funds from your 401k before you retire? With the recent market volatility, many Lockheed employees are looking at in-service withdrawals an option to take some of the timing risk out of their retirement nest eggs. The in-service withdrawal is an option for [...]
Recently, you may have received notifications from Empower about a few changes they are making to the investment options inside your 401k. I'll talk about a few of those changes and try to explain them. As always, if you have questions, feel free to reach out to me [...]
When you start a new job, there are a lot of things to sort out. That's not including what items you are going to decorate your cubicle with. Should I go with a life-size Darth Vader or mascot of my alma-mater? Besides those important decisions, you also decide [...]
Although many Lockheed Martin employees have not been affected by the many layoffs due to the COVID-19 pandemic, friends, family and co-workers might have been. Another aerospace giant - Boeing laid almost 7,000 workers in late May. Feel free to pass this info along [...]
What 401k mistakes do Lockheed Martin employees (and employees of a lot of other companies out there) typically make? Your 401k is most likely the most important retirement vehicle you'll have when you retire. But why do so many people not treat it that way? Below are a few [...]
Market volatility might have some Lockheed Martin employees logging on to their Empower account a little more often. Did you know that you can pull funds from your 401k before you retire? The in-service withdrawal could be a great option for Lockheed 401k participants looking to access funds [...]
