Setting healthy financial goals is critical. Even more important is staying committed to those financial goals. Keeping yourself committed to your goals may be difficult, especially when times may be financially tough. But by staying on track and focused on your goals, you are more likely to get [...]
April is National Financial Literacy Month – an entire month dedicated to underscoring the importance of learning, establishing and maintaining healthy financial habits. But ask yourself this: what have you learned about anything financial lately? Do most of your neighbors keep a household budget or save for retirement? Does [...]
Watch the 10-year and oil because inflation eats away at retirement income The current job market landscape is a warning sign of how painful the U.S. economy is for many, as over 745,000 Americans filed for first time-unemployment claims at the end of February. But then, the February [...]
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 [...]
"Save it for a rainy day." These words probably came from your grandmother when she handed you 50 cents for taking out the trash. Now "rainy days" are a lot more threatening then they were when you were 5. Granny was telling you to save some of that allowance [...]
Over the last few months, I have been describing the changes that are occurring with Lockheed Martin retirement benefits. A lot of these changes are affecting those with a LM pension, but many new employees hired after 2006 weren't offered a pension option at all. So what are they [...]
Market corrections (a 10% or more drop in the market) can be scary. The media doesn't help that either. Just take your local news for example - When the market is positive or has a "normal" pullback, you might get a graphic flashed before a commercial. When there's a [...]
"What questions should I ask a financial advisor?" is a good start to retirement planning if you decide to hire a financial planner to help you with your Lockheed Martin retirement. Here’s a few questions you might want to ask when you do your initial “interview.” What is the [...]
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 [...]
