Changing Jobs? Know Your 401(k) Options
If you are changing jobs, you may be wondering what to do with your 401(k) plan account. It’s important to understand your options.
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 […]
Roth IRA Eligibility and the Income Phase-Out
As you continue your career at Lockheed Marin you are hopefully saving and investing for your retirement. One way to save is by using a Roth IRA, which provides tax-free growth; however, whether or not you are eligible to save into this type of account will depend on your income. Keep reading to find out […]
What’s the Difference Between a Transfer and a Rollover?
If you’re saving for retirement and getting ready to retire, you have probably heard people talking about rolling over their 401(k). A rollover is how you get your funds into your IRA! These terms are often used interchangeably, but they actually mean different things. Let’s talk about the differences. There are important distinctions between a […]