Please note - I am not employed by Empower, Voya or Lockheed Martin. Checked your mailbox lately? Lockheed has decided to move from Voya Financial to Empower Retirement to service the company's 401k plan. The change will take place starting in January. Below are some questions that are answered in the material mailed to LM [...]
When you log into your Empower Lockheed Martin 401k account you might have seen investment options named target date fund 20xx. These are funds you can invest in other than the traditional investment options (S&P 500, common stock fund, broad market bond index, etc.) that have a mix of the [...]
No...that's not a typo in the headline. In this article, I'll talk about why you don't want to hire me- a financial advisor, to manage your financial picture. If you fall into one (hopefully more than one) of the five categories below, you might be in good shape to [...]
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 [...]
When a new Lockheed client meets with me, one of the first questions on their mind is “Do I have enough to retire?” That’s usually the reason that brings them to set up a time to meet. Basically, what you are trying to determine is whether or not the [...]
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 [...]
