Many workers have been dreaming of retirement since they first entered the workforce. However, once this retirement date draws near, the prospect of giving up your primary source of income may be nerve-wracking, even if you've diligently saved and planned. Below, we discuss a few steps you may [...]
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 [...]
When approaching retirement, clients have saved a decent amount of money in their 401ks, IRAs and pension accounts. But should they use those funds to pay off their mortgage when they retire? The first task is to get your mortgage info together. You'll need to know your balance, interest [...]
Watch the 10-year and oil because inflation eats away at retirement income The current job market landscape is a warning sign of how painful the U.S. economy is for many, as over 745,000 Americans filed for first time-unemployment claims at the end of February. But then, the February [...]
As your retirement draws closer, you will probably start to have lots of questions such as: How much Social Security will I receive? When should I retire? How will I know when to retire? Do I have enough saved? What will I need to do to maintain health [...]
Although many Lockheed Martin employees have not been affected by the many layoffs due to the COVID-19 pandemic, friends, family and co-workers might have been. Another aerospace giant - Boeing laid almost 7,000 workers in late May. Feel free to pass this info along [...]
Extra money in the budget? Maybe you've been pulled over to another team and received a nice pay bump. Maybe you've paid off the fun mobile in the driveway. Either way, if you have extra funds, two options that many clients consider is increasing their 401k contribution or starting [...]
In March, Congress passed the CARES (Coronavirus Aid, Relief, and Economic Security) Act, putting $2 TRILLION to work to help our country and the small businesses affected by the Covid-19 pandemic. Curious on how the CARES Act might affect you? Although most Lockheed employees are continuing to work from [...]
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 [...]
How much income will you need in retirement? Nest eggs, retirement buckets, investment accounts - whatever you might call the lump sum of money you are saving to live off in retirement -will need to fund your retirement income for around 30+ years. But how do Lockheed pre-retirees determine [...]
