Social Security can be a confusing piece to the retirement puzzle. Below are a few of the most common questions I get asked when clients talk about Social Security. Should I start my (or my spouse's) social security now? There is a number of factors that can go into [...]
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 [...]
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 [...]
Common questions about the Lockheed Martin Retirement Plan Change In 2014, Lockheed Martin announced they will make changes to the company's retirement benefits package. If you were affected, you probably know it by now, as the changes started taking affect in 2016 and will be complete in 2020. Below [...]
"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 [...]
Not a lot of people like to talk about life insurance, but one of the most important questions you should be asking yourself when you do talk about it is: Do I have enough? The general purpose of life insurance when you are talking about family planning is to [...]
