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 [...]
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 [...]
Do I need life insurance? Do I need life insurance? This is another question I get asked when first sitting down with new Lockheed clients. Many times these are pre-retirees that have accumulated a decent amount of assets in their 401k and in their bank account. They are often [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
