Lockheed Martin Blog2020-07-29T11:43:47-05:00

Lockheed Martin Blog

An investment in knowledge pays the best interest

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IRA Contribution and Deduction Limits

April 2nd, 2021|

By now you have probably heard of an IRA and know how it is a great tool to save towards retirement, but are you aware that there are limitations? Having a 401(k) at Lockheed Martin is a great savings vehicle, too, but an IRA has the possibility to provide more fund diversification, more control and flexibility, and access to investment managers not [...]

How Lockheed Martin Employees Should Deal with Bear Markets

March 26th, 2021|

The news is blaring behind you alerting everyone of impending doom and your portfolio is taking a dip as the market plummets. What do you do?! Panic, stay the course, a bit of both? Take a deep breath. This too, shall pass. A bear market can be downright intimidating but can be navigated effectively with guidance and proper preparation. [...]

Why Lockheed Martin Employees should know about Required Minimum Distributions

March 12th, 2021|

Did you know that with certain investment accounts the IRS requires you to take distributions every year? That’s right, required minimum distributions (RMDs) are the annual amounts that must be withdrawn from tax-advantaged accounts such as a 401(k) or IRA (not applicable to brokerage accounts nor Roth IRAs). It is important to note that RMDs are also needed for Roth 401(k)s, inherited [...]

Why Every Lockheed Martin Employee Should Consider Increasing Your 401k Contributions Each Year?

March 5th, 2021|

Every year employees all over America hope to see an annual wage increase from their employer. Each employer evaluates the ability to provide a wage increase differently, so unfortunately, not all people get the benefit of a pay raise; however, many do. What happens to that extra money when the raise takes affect? Is it saved? Is it spent?   [...]

Lockheed Martin’s Health Insurance, Medicare and Tricare for Life: How They Work Together

January 29th, 2021|

Many Lockheed Martin employees have served our great nation in the armed forces or reserves. Thank you for your service! In doing so, they may still carry or be eligible for Tricare insurance coverage. As many employees are turning age 65, they also are crossing the Medicare bridge. The questions frequently arise about which insurance is needed and how do they all [...]

Who’s considered an Eligible Dependent under Lockheed Martin’s Insurance Plans

January 22nd, 2021|

Medical, dental, vision, ugh. There are so many different policies to evaluate and decisions to make as to which plan to choose and who is considered an eligible dependent for coverage. We understand that with the complexities of various insurance policy options, knowing who can be covered under your Lockheed Martin insurance plans can daunting. But not to worry, we’ll outline it [...]


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