I love getting reader questions (thanks KW!)- and I got a great one this week that I thought I would write a few quick words on. "Does my Lockheed 401k allow 'the rule of 55?'" This rule has become more popular as people try to retire earlier and need [...]
When it comes to financial stability, people tend to focus on paying off debt and saving for retirement. In reality, many other financial goals beckon to individuals during their lifetime. Because of this, it’s important to look beyond retirement when setting targets, no matter how old you are. Identify [...]
Many workers have been dreaming of retirement since they first entered the workforce. However, once this retirement date draws near, the prospect of giving up your primary source of income may be nerve-wracking, even if you've diligently saved and planned. Below, we discuss a few steps you may [...]
When approaching retirement, clients have saved a decent amount of money in their 401ks, IRAs and pension accounts. But should they use those funds to pay off their mortgage when they retire? The first task is to get your mortgage info together. You'll need to know your balance, interest [...]
When you die, what will happen to your retirement plan benefits? In general, your retirement plan benefits pass to the beneficiaries you designate on the plan beneficiary designation form. Your benefits will generally be subject to estate tax at your death and to income tax when benefits are [...]
As your retirement draws closer, you will probably start to have lots of questions such as: How much Social Security will I receive? When should I retire? How will I know when to retire? Do I have enough saved? What will I need to do to maintain health [...]
Extra money in the budget? Maybe you've been pulled over to another team and received a nice pay bump. Maybe you've paid off the fun mobile in the driveway. Either way, if you have extra funds, two options that many clients consider is increasing their 401k contribution or starting [...]
How much income will you need in retirement? Nest eggs, retirement buckets, investment accounts - whatever you might call the lump sum of money you are saving to live off in retirement -will need to fund your retirement income for around 30+ years. But how do Lockheed pre-retirees determine [...]
Employee FAQs: Have I saved enough to retire? Have you saved enough in your Lockheed Martin 401k to retire? If you are getting close to retirement, than that's probably a question you've asked yourself a few times. So how do you know? Let's take a look. How much will [...]
According to a recent study by Northwestern Mutual, 78% of Americans are "extremely" or "somewhat" concerned with having enough money to retire. So if you are a part of that 78%, how do you save more towards your Lockheed Retirement? Let's take a look at a few options that [...]
