401(k) Plans 403(b) Plans Asset Management Diversification Forbes Investing Retirement Planning

Are Target-Date Funds A Good Choice For Your 401(k)?

Nearly every retirement plan offers target-date funds as investment options. But are target-date funds a good choice? The age-based method of setting your asset allocation makes sense in some cases, but investors can also stay in a target-date fund too long. Put another way, if your financial situation has evolved…

Kristin McKennaJuly 13, 2020

401(k) Plans Financial Planning IRA Rollover Retirement Planning Roth IRA Secure Act Updated for 2020

Rolling Over a 401(k) to a Roth IRA: Should You Convert to a Roth?

What are your 401(k) rollover options? You may consider converting your 401(k) to a Roth IRA. No matter what you call it (transfer, roll over, convert, or just moving it), converting your old retirement plan to a Roth IRA is worth considering. A Roth IRA offers unique benefits unavailable in other…

Kristin McKennaMay 26, 2020

401(k) Plans Infographics IRA Rollover Job Transition

Should I Roll My 401(k) Into An IRA? Rollover Options When You Change Jobs

401(k) rollover options when you change jobs If you've switched jobs and haven't taken your old 401(k) with you, consider your rollover options. There are 4 options for your old 401(k) when you change jobs: 401(k) rollover into an IRA Convert your 401(k) into a Roth IRA Leave your 401(k)…

Kristin McKennaMay 12, 2020

401(k) Plans IRA Rollover Job Transition

How Does an IRA Rollover Work?

How to roll over a 401(k) to an IRA in 5 steps Rolling over an old 401(k) after you leave your job is easy, but how does an IRA rollover work? Though there is usually no time limit to move your old 401(k), you won't want to wait too long.…

Kristin McKennaMay 5, 2020

401(k) Plans Business owners Employee benefits Retirement Planning Secure Act SEP IRA Solo 401(k)Updated for 2020

3 Retirement Plans for Small Businesses: How They Compare

What's the best retirement plan for small businesses? Business owners with employees have several options: traditional 401(k) plan, SIMPLE 401(k), SIMPLE IRA, and SEP IRA are the most popular. The best option will depend on factors unique to your business such as budget, employee makeup and funding goals (for yourself,…

Kristin McKennaJanuary 7, 2020

401(k) Plans Brokerage Account Cash Management Early Retirement Infographics Investing Roth IRA Secure Act Traditional IRA Updated for 2020

I Maxed Out My 401(k), Now What? What to Do After Maxing Out Your 401(k)

Ways to Invest After Maxing Out a 401(k) Wondering what to do after maxing out your 401(k)? If you're looking for ways to save outside of your retirement plan, most individuals have three options: a brokerage account, Traditional IRA, or Roth IRA. Looking for ways to invest after maxing out…

Kristin McKennaOctober 8, 2019

401(k) Plans Employee benefits Financial Planning Forbes Retirement Planning

Is Your 401(k) Contribution Strategy Costing You Money?

Ways to get the most out of employer 401(k) matching contributions Employers can choose to match their employee's 401(k) contributions in several ways, should they wish to do so at all. Though it may seem cumbersome to spend too much time on the math, particularly when income and 401(k) contribution…

Kristin McKennaJuly 12, 2019

401(k) Plans 403(b) Plans Brokerage Account Financial Planning Retirement Planning Secure Act Tax planning Updated for 2020

Should You Always Max Out Your 401(k)? The Downside of Pre-Tax Retirement Accounts

Is it always a good idea to max out your 401(k)? For wealthier retirees or individuals with a sizeable pension, you might not want to max out contributions to your 401(k). Here are some situations where maxing out your 401(k) might not make sense. (more…)

Kristin McKennaSeptember 5, 2018

401(k) Plans Employee benefits Financial Planning Retirement Planning Tax planning Updated for 2020

5 Financial Tasks to Prioritize in the New Year

There's truly no better time than the present to get your finances set up for the New Year. Unfortunately, for many busy professionals, there just isn't enough time in the day to tackle seemingly non-urgent matters. As a wealth advisor and CERTIFIED FINANCIAL PLANNER™ professional, I've seen how unintentional oversights or…

Kristin McKennaJuly 13, 2018

401(k) Plans 403(b) Plans Employee benefits Infographics Retirement Planning Updated for 2020

What’s the Difference Between a 401(k) and 403(b)?

How is a 403(b) different from a 401(k)? (Updated for 2019). Although 401(k) and 403(b) retirement plans are very similar, there are some key differences between the two. If you recently changed jobs and aren't sure how your new retirement plan compares to your old plan, this infographic may be…

Kristin McKennaNovember 8, 2017