How does Death affect Social Security?
Death is not something many people like to discuss but unfortunately, it happens. When it does it can seriously affect the surviving family’s finances. You may not be aware of this but there are instances in which a person’s Social Security benefit will carry on after their death.
Reaching Retirement: Now What?
You’ve worked hard your whole life anticipating the day you could finally retire. Congratulations — that day has arrived! But with it comes the realization that you’ll need to carefully manage your assets to give them lasting potential. Review your portfolio regularly Traditional wisdom holds that retirees should value the safety of their principal above […]
How Earned Income Affects Lockheed Martin Employees’ & Retirees’ Social Security Benefits
Are you still working and ready to start your Social Security benefits? Do you know if and how your Social Security benefits may be affected by your earned income? If you find yourself in this situation, then this is the blog for you. Today we will be discussing how your Social Security benefits could be […]
Social Security and Income Taxes
Retirement is an exciting time. You’ve worked all your life to enjoy the last few decades collecting your Lockheed Marin pension and your Social Security. You may have also been looking forward to a change in your tax bracket. If you can relate to this situation, then this is the blog for you. Today, we […]
Social Security Taxes to Continue After Full Retirement Age
Everyone, including Lockheed Martin retirees and current employees, must make applicable Social Security contributions on income, even if you are working past your full retirement age. Working past your full retirement age may also increase your Social Security benefits because Social Security contributions continue to be paid. You must be care though, because continuing to […]
How Social Security Benefits Work for Divorcées
Are you a divorcée and ready to start your Social Security benefits? Do you know how your Social Security benefits will work? If you find yourself in this situation, don’t fret, this is the blog for you. Today, we will be discussing Social Security retirement benefits for divorcées. In general, Social Security was designed to […]