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

Lockheed Martin Blog

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How much should a Lockheed Martin Retiree have in Emergency Funds

January 15th, 2021|

Now that you’ve retired, your emergency fund might look a little different from your working years, not only in the size of the fund but also for items on which the funds might be used. While working at Lockheed Martin, you had a weekly paycheck. In retirement, you have a monthly pension check.  So, how much should you have in your emergency [...]

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

December 25th, 2020|

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 [...]

What are the Pros and Cons of Defined Benefit Plans?

December 18th, 2020|

If you were employed at Lockheed Martin and eligible before January 2016, you are one of the few lucky employees to partake in their pension plan. A pension plan is the most known type of defined benefit plan and isn’t as popular these days as the 401(k), which is a defined contribution plan, because 401(k)s have cheaper administrative costs and the employee [...]

Lockheed Martin’s F-22 Raptor and Your Retirement Plan

December 11th, 2020|

I bet you’ve never stopped to compare your retirement plan to a Lockheed Martin F-22 Raptor. I bet your thinking right now, “What are you talking about? How could my retirement plan be anything like the F-22?” That’s exactly what we’re here to discuss today because you’d be surprised at how similar your retirement plan is to the F-22 Raptor. Keep reading [...]

Defined Contribution Plan, Defined Benefit Plan… Let’s Define Both!

December 4th, 2020|

You’ve probably heard the terms “defined contribution” and “defined benefit” when it comes to retirement plans, but what’s the difference? Lockheed Martin employees are exposed to one of these types or even both depending on the hire date. Due to the higher administration costs, defined benefit plans are becoming few and far between as time has progressed. Some types of organizations such [...]

8 Ways for Lockheed Martin Employees to Stay Healthy at Work

November 27th, 2020|

Working long hours at a desk or on your feet can cause havoc to your health if you don’t manage it well.  Lockheed Martin employees can be especially vulnerable due to the stress and long hours of your job.  Here are some ways for you to stay healthy while at work. Related Get a good [...]

How does Death affect Social Security?

November 20th, 2020|

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.  Social Security likely won’t be your only source of retirement income, but knowing how [...]

Asset Allocation vs. Asset Location and What They Mean for a Lockheed Martin Employee

November 13th, 2020|

When participating in Lockheed Martin’s generous retirement savings program, it can be intimidating to figure out the various aspects of investing. What types of investments are there? What accounts should you contribute to? Keep reading and we’ll help answer these questions for you! Related Beginning with asset allocation, this is simply the mix of the [...]

What Happens to Your Social Security Benefit if You are Still Employed at Lockheed Martin

November 6th, 2020|

Did you know that you can still claim your Social Security benefits while still working at Lockheed Martin? Yes - great! Did you know that your Social Security benefits will face reductions while still working at Lockheed Martin if you start your benefits before your full retirement age? No - then take a few moments to keep reading to find out what [...]

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