At retirement, a very common question we are asked is, “Should I use my 401k from work to pay off my mortgage when I retire?” Getting rid of that monthly payment can seem like a great idea to lower your expenses during retirement. A lot of factors can determine [...]
How do you save for retirement once you've maxed out your Lockheed 401k? This is a common question I get asked. It’s also a great problem to have – as that usually means you have extra income each month after you have paid your living expenses. First of all, [...]
"Do I have too much in my Lockheed Martin ESOP?" is another common question I get when reviewing 401k statements with clients. Those clients usually fall into two frames of mind: Either "I have no idea and don't have the time to look at it" or "I love Lockheed [...]
Do 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 in their 401k while they are still working. What is an in-service withdrawal? An in-service withdrawal is a feature [...]
Concerned about your Lockheed Martin retirement decision? If you're considering moving from accumulating retirement assets to spending them - and you're not sure what to do with your 401k, I hope this article will help. If you are close to retirement, you are most likely one of the lucky [...]
Should you invest in a Roth account in your Lockheed 401k? A Roth 401k is an retirement account that allows you to contribute after-tax money to use for retirement. Because you are investing after-tax funds (these funds are taken from your check after deductions like taxes, health insurance, social [...]
Have you logged on to your Lockheed Martin 401k website to set up your investment options? If not, you're most likely invested in the "Qualified Default Investment Alternative" for the plan. Basically, that means if you haven't picked how you want your money invested, Voya will invest your funds [...]
Newly hired at Lockheed Martin and have questions about the 401k? Your 401k can be a very important part of your retirement plan, so we think it's important to give it the attention it deserves. We'll review a few common questions you might have about your new Lockheed Martin [...]
What mistakes do Lockheed Martin 401k participants 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 common mistakes I see with 401k participants. Trying to time [...]
