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 [...]
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 [...]
In March, Congress passed the CARES (Coronavirus Aid, Relief, and Economic Security) Act, putting $2 TRILLION to work to help our country and the small businesses affected by the Covid-19 pandemic. Curious on how the CARES Act might affect you? Although most Lockheed employees are continuing to work from [...]
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 [...]
The post below is originally from 2020...but the information is consistent with the most recent pullback that began in January 2022..as always, consult with your financial advisor to determine how you should react during a market pullback since he or she will know your current financial situation. The [...]
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 [...]
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 [...]
Five financial items you should consider before December 31st December will be here by the end of the week, and it might be a good idea to get a jump on these year-end financial tasks you might want to consider. Here's a quick list of items that Lockheed Martin [...]
