401(k) Plans Financial Planning IRA Rollover Job Transition 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): 401(k) rollover into an IRA Convert your 401(k) into a Roth IRA Leave your 401(k) in the old plan…

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 403(b) Plans 529 Plans Brokerage Account Business owners College planning Current events Employee benefits Financial Planning Inheritance Retirement Planning Roth IRA Secure Act SEP IRA Traditional IRA Updated for 2020

The Secure Act Means Major Changes to the Retirement System

The Secure Act was signed into law on December 20th, 2019, solidifying the most significant changes to the retirement system in over a decade. Though clarification on some of the finer points of the legislation will be needed from the IRS, there is plenty we already know about the Secure…

Kristin McKennaDecember 21, 2019

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?

Ways to Invest After Maxing Out a 401(k) If you maxed out your 401(k), you may be wondering where to save next. There are 3 types of accounts you could invest in after maxing out your 401(k): A brokerage account Traditional IRA Roth IRA (subject to income limits) Here are…

Kristin McKennaOctober 8, 2019

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

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

This article was written by Darrow advisor Kristin McKenna, CFP® and originally published by Forbes. (more…)

Kristin McKennaJuly 12, 2019

401(k) Plans 403(b) Plans 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, maybe you shouldn't 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 Retirement Planning Roth IRA Tax planning Updated for 2019

How to Use a Roth IRA, Even When You Earn Too Much

If you have an old 401(k) or 403(b) retirement plan, now may be a good time to consider converting to a Roth IRA. Diversifying your retirement savings can really pay off down the line for some investors. (more…)

Kristin McKennaApril 3, 2018