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 [...]
Should I contribute to my Lockheed Martin 401k if I still have debt? This is a common question I run into when meeting with new clients. Debt payments can be tough to handle and you might want to take some of your income to pay it down. If you [...]
Lockheed 401k FAQs: What is a self-directed brokerage account? Another common question I get when first sitting down with a new Lockheed Martin client is "what is this self-directed brokerage account thing in my 401k?" You might have seen it in the "Your Asset Allocation & Balance by Fund" [...]
Lockheed ESOP Plan: What is Net Unrealized Appreciation (NUA)? (Note: See January 2020 update in italics below) For many years, Lockheed Martin has rewarded its employees with LMT stock in the company ESOP plan. The longer those employees have worked for the company, the more they've seen that LMT [...]
No one likes baggage. And you definitely don’t like baggage that keeps sending you a reminder every month that you left that old 401k at your old job. So what should you do with your 401k that you left behind at your previous employer? You do have a few [...]
Have you retired and need to access your Lockheed Martin 401k? It's not as difficult as you think to get it started. First, you want to examine your options for your 401k account. If you decide rolling over your 401k account is the best option for you, then this [...]
What is the Lockheed Martin 401k match? This may seem like a pretty simple question, but many of my Lockheed clients didn't know exactly what their company is actually contributing to their retirement plan prior to working together. The matching portion of a 401k is a nice benefit [...]
Please note - I am not employed by Empower, Voya or Lockheed Martin. Checked your mailbox lately? Lockheed has decided to move from Voya Financial to Empower Retirement to service the company's 401k plan. The change will take place starting in January. Below are some questions that are answered in the material mailed to LM [...]
When you log into your Empower Lockheed Martin 401k account you might have seen investment options named target date fund 20xx. These are funds you can invest in other than the traditional investment options (S&P 500, common stock fund, broad market bond index, etc.) that have a mix of the [...]
When a new Lockheed client meets with me, one of the first questions on their mind is “Do I have enough to retire?” That’s usually the reason that brings them to set up a time to meet. Basically, what you are trying to determine is whether or not the [...]
