Avoid Income Tax? How to Use RMDs for Charitable Giving
Are you a Lockheed Martin employee or retiree who is in the stage of life where you now have Required Minimum Distributions (RMD) from your tax-deferred investments (IRA, 401k, 403b, 457, etc.)? Did you know that you can avoid paying income tax on your RMD by donating it directly to a charity? Yep, that’s right! […]
Common Tax Forms You Need to Know
As a Lockheed Martin employee or retiree, you have many years of experience in filing your taxes but there are just as many new Lockheed Martin employees who may start filing their taxes on their own for the first time. Even if you are not new to filing taxes, sometimes the plethora of tax forms […]
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 […]
Why Disability Insurance is So Important
For many Lockheed Martin employees, disability insurance may not be something that is given further consideration past the group policy. However, the longer you ignore it, the less protected you may be against long-term financial risks, due to unexpected illnesses and injuries. Read on to learn more about why you need this important benefit. If […]
Umbrella Insurance: What You Need to Know
As you travel to work each day, your thoughts may not be on the risks of life lurking in the shadows. You may have tried to mitigate the risks through your auto and homeowner’s insurance policies, but what could happen to your nest egg you have worked hard for if you are sued? Will your […]
All About Declaration of Guardian within Estate Planning
Whether you are still a Lockheed Martin employee or have retired, having a Declaration of Guardian as part of your Estate Planning documents is important. Many people think their estate planning documents are complete by having their Will and Power of Attorney in place, but even though a Declaration of Guardian is rarely used, it […]
Here’s What You Need to Know about Education Funding
The cost of college has skyrocketed over the past few decades, at a higher rate than inflation. Does that mean young adults shouldn’t even bother going to a university? Of course not! The price of attending college, while scary, is completely manageable. As a Lockheed Martin employee, your late nights of studying at the library […]
What is Group Term Life Insurance?
Lockheed Martin, like other major companies, offers a variety of employee benefits. One benefit that all eligible employees there have is group life insurance. Let’s talk about how it works and if it’s enough for your specific situation. What is group term life insurance? By definition, group term life insurance is a type of term […]
Homeownership: Benefits of The Later Years
Transitioning from an apartment to a home in your 20s or 30s is certainly an exciting time, but there are also some benefits to homeownership even after you’ve lived in the home for decades. One of the main benefits of living in the same home for a long time is the satisfaction you receive from […]
Homeownership: Benefits of The Early Years
Owning a home is a fantastic feeling that almost everyone strives to achieve, but is it for everyone, and what are the costs involved? Even if you already own a home, at some point you may need to sell the home either for a new home or to move into a shared living arrangement such […]