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Early Retirement Forbes

Is 55 Too Early To Retire? What You Need To Retire Early

Having the option to take an early retirement is a really nice thing to have. But is 55 too early to retire? If you want to retire early, you'll need a solid plan, masterful control over your expenses, and savings outside of retirement accounts. Here's how you'll know if 55…

Kristin McKennaJuly 27, 2020

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

Budgeting Building Wealth Cash Management Forbes Prioritizing financial goals

The True Cost of Lifestyle Inflation

Lifestyle inflation happens when your expenses increase along with your income. As earnings increase, it’s natural to want to buy a better car or take another vacation. After all, it seems feasible. But if your savings rate isn’t at least keeping up with your rising expenses, you could end up…

Kristin McKennaJune 30, 2020

Asset Management Cash Management Forbes Investing Investing During a Crisis

Is Dollar-Cost Averaging in Volatile Markets Better than Investing a Lump Sum?

How should investors navigate wild swings in the stock market? Investing is never easy, especially during one of the most volatile years in the stock market’s history. Whether you have extra cash sitting on the sidelines or are second-guessing your investment strategy, it’s easy to let hindsight bias or a…

Kristin McKennaJune 23, 2020

Current events Diversification Forbes Investing

Big Tech Stocks Are Worth More Than Ever, But New Lawsuits May Create Problems For Investors

Despite the pandemic and global economic shutdown, the S&P 500 was flat on the year as of market close on June 8th, 2020. Since hitting the recent low on March 23rd, the index has rallied more than 45%. During this time, the five largest companies in the world (Apple, Microsoft,…

Kristin McKennaJune 15, 2020

Cash Management Forbes Investing During a Crisis

Coronavirus Distributions From An IRA Or 401(k): Who Can, And Should, Tap Retirement Accounts?

The pandemic has impacted Americans in so many ways. Business owners and individuals laid off as a result of coronavirus may have immediate cash needs. The CARES Act passed by Congress allows some individuals to use money from IRAs, 401(k)s, or 403(b)s to bridge the income gap. But not all…

Kristin McKennaJune 9, 2020

Cash Management Forbes

Here’s How Much Cash You Need In An Emergency Fund And Where You Should Keep It

Having an emergency fund is more important than ever, at any income level. But the good news is Americans have been saving more recently, despite historic unemployment from the pandemic which hit a wide range of professionals, from dentists to bartenders. With extra money in the bank, the top priority…

Kristin McKennaJune 5, 2020

Current events Forbes Investing During a Crisis

5 Explanations for the Disconnect Between the Stock Market and the Economy

After the recent low point for the S&P 500 on March 23rd, 2020, the index is up over 28% on a total return basis as of May 12th. A 28% gain in less than two months, during a pandemic? It’s understandable investors are wondering why there’s such a disconnect between…

Kristin McKennaMay 19, 2020

Budgeting Early Retirement Financial Planning Forbes Investing Retirement Planning

Are You Overestimating Your Expenses in Retirement?

How much money do you need saved to retire comfortably? It depends entirely on how much you plan to spend. In this piece for Forbes, Darrow Wealth Advisor Kristin McKenna discusses ways investors can estimate their expenses in retirement. (more…)

Kristin McKennaMay 18, 2020

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