Warning....This article is about private equity, but I did my best to make it not sound like an investment pitch from Prestige Worldwide ("Management, Financial Portfolios, Insurance, Computers....Black Leather Gloves") but if there's ever any financial jargon that doesn't make sense...LET ME KNOW! Private equity (PE in this post [...]
Employee Stock Ownership Plans (ESOPs) are a type of retirement plan that allows employees to own a stake in their company. ESOP plans invest primarily in employer stock, and the value of the plan is tied to the performance of the company. Over time, the value of the employer [...]
Are you worried you have too much in your company ESOP plan? It's important to understand your Lockheed Martin Employee Stock Ownership Plan (ESOP) as part of your overall financial picture. In this article, we will provide insights and practical tips to help you assess and manage your Lockheed [...]
Getting started with a new career at Lockheed can be overwhelming - new roles, maybe a relocation, new staplers, HR forms, etc. Many times, the thing that gets overlooked during that initial process is the 401k. So, what are the top 5 401k mistakes I see new Lockheed Martin [...]
For college basketball fans, March Madness is one of the most exciting times of the year. But did you know that there are valuable lessons to be learned from the tournament that can be applied to 401k investing? Just like a successful bracket-busting team, a successful 401k investor must [...]
What is a backdoor Roth IRA? This has become a common question I get with investors that might be over the income limit to contribute to a Roth directly. To be totally clear, a backdoor Roth IRA is more of a strategy than a type of account. A Roth [...]
As I'm typing this, the S&P 500, the broad market index that is used as the common test of "how the market is doing" is down about 14% in 2022. That's up from a low of around 23% back in June. Basically, 2022 hasn't been a great year in [...]
I love getting reader questions (thanks KW!)- and I got a great one this week that I thought I would write a few quick words on. "Does my Lockheed 401k allow 'the rule of 55?'" This rule has become more popular as people try to retire earlier and need [...]
Do you know that you can pull funds from your 401k before you retire? With the recent market volatility, many Lockheed employees are looking at in-service withdrawals an option to take some of the timing risk out of their retirement nest eggs. The in-service withdrawal is an option for [...]
No matter what you want to blame it on (Omicron variant, inflation, Ukraine, politics, UFO sitings, etc.), 2022 didn't get off to a very good start in January. We even moved into "a market correction" briefly before a small bump in the last two days of the month. [...]
