Asset Management Building Wealth Cash Management Diversification Forbes Investing Investing During a Crisis

Here’s How You’ll Know It’s a Good Time to Invest

The COVID-19 outbreak has affected us all in some way at this point. If you're lucky enough to be bored but employed, you might be wondering whether it's an opportune time to put money in the stock market or wise to keep up with your regularly scheduled contributions to a…

Kristin McKennaMarch 28, 2020

Asset Management Forbes Investing During a Crisis

How to Prepare Your Finances for a Recession or Prolonged Market Downturn

How can you prepare your finances for a recession? Getting your finances in order for an extended period of economic difficulty or losses in the stock market will depend on your life stage and financial situation. The coronavirus outbreak has already significantly impacted the economy and financial markets, leaving investors…

Kristin McKennaMarch 27, 2020

Debt Management Forbes Interest rates Mortgages Real Estate Updated for 2020

With Mortgage Rates So Low, Is Now a Good Time to Refinance?

With 30-year fixed mortgage rates currently averaging around 3.50%, it might make sense for homeowners to consider refinancing. Depending on several factors, such as your current interest rate and age of your existing mortgage, refinancing could mean a lower monthly payment and big savings over the life of the loan.…

Kristin McKennaMarch 26, 2020

Asset Management Current events Forbes Investing Investing During a Crisis Managing Risk

The U.S. is in a Bear Market. There Could be a Recession. But This Isn’t 2008.

Are We Headed For Another Financial Crisis? It happened on March 11th: after 11 years, the S&P 500 once again entered a bear market. Defined as a decline of 20% or more from recent highs, this is the first bear market for the popular stock index since the 2008 financial…

Kristin McKennaMarch 21, 2020

Forbes Retirement Planning

The Next Big Retirement Threat – Keeping Your Job Past 50

This article was written by Darrow Advisor Kristin McKenna, CFP® and originally appeared on Forbes. A study from the Urban Institute tracked over 20,000 adults over age 51 between 1992 and 2016 to identify trends in employment. The findings revealed that over half of full-time workers over age 50 experienced…

Kristin McKennaMarch 19, 2020

Asset Management Asset Protection Cash Management Current events Diversification Forbes Investing Investing During a Crisis Managing Risk

Should You Go To Cash Until The Market Recovers Or Ride It Out?

When the stock market is in turmoil, many investors are tempted to go to cash and wait for the dust to settle before getting back in. One of the issues here is how to time your exit and entry—unlike a flash flood or significant weather event, investors aren't going to…

Kristin McKennaMarch 15, 2020

Business owners Forbes Retirement Planning SEP IRA Tax planning

Small Business Owners: There’s Still Time to Save on Taxes (and for Retirement) with a SEP IRA

Update: The IRS has delayed the 2019 tax filing deadline until July 15th, 2020. Accordingly, the latest date to fund a SEP IRA for the 2019 tax year is July 15, 2020. A SEP IRA offers business owners the benefits of accelerated retirement contributions from a workplace retirement plan with…

Kristin McKennaMarch 12, 2020

Asset Management Diversification Forbes Investing Investing During a Crisis Managing Risk

During Times of Market Volatility, Focus on What You Can Control

Amidst the vast uncertainty in the markets right now, it's more important than ever for investors to understand the benefits—and limitations—of diversification. Having the right investment mix for your situation is critical in good times in the financial markets and during downturns. While you can't control the ups and downs…

Kristin McKennaMarch 11, 2020

Forbes Investing Real Estate

Is It Just a Myth That Real Estate is a Better Investment Than Stocks?

Owning real estate can certainly pay off, but to say it's unequivocally a better investment than putting money in the financial markets is short-sighted. Over the years I've spoken with numerous investors who ended up renting their home when they moved instead of selling, buying an income property just because…

Kristin McKennaMarch 5, 2020

Early Retirement Forbes Home buying Real Estate Retirement Planning Updated for 2020

Should You Buy Your Retirement Home Before You Retire?

When should you buy your retirement home? Buying a retirement home too early could be short-sighted, despite long-term intentions. Whether you're in your 30s or 60s, it's important to objectively weigh the pros and cons before purchasing a retirement home to avoid making a potentially costly financial decision. (more…)

Kristin McKennaFebruary 27, 2020