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 [...]
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 [...]
Many Lockheed employees might be looking for ways to protect their nest egg once they move into that "work optional" period of life many call retirement. One of the biggest issues that can put a strain on a retirement income plan is long-term care (LTC) expenses. But many still [...]
Recently, you may have received notifications from Empower about a few changes they are making to the investment options inside your 401k. I'll talk about a few of those changes and try to explain them. As always, if you have questions, feel free to reach out to me [...]
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 [...]
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 [...]
