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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

Financial Planning Forbes Investing Investing During a Crisis Managing Risk Retirement Planning

Can You Plan For A Stock Market Crash?

Could you have planned for this? Investors of all ages are thinking it: could I have done anything to protect my investments from the swift market decline as a result of the COVID-19 fallout? This question is especially relevant for individuals who planned to retire in the next year, as…

Kristin McKennaApril 21, 2020

Asset Management Forbes Investing Investing During a Crisis Managing Risk

What Happens to the Stock Market After a Recession?

One of the most pressing questions for investors right now is where does the stock market go from here? A recovery following the global downturn in the markets could take many shapes and history can serve as a guide for how long it could take the financial markets to bounce…

Kristin McKennaApril 8, 2020

Forbes Investing Investing During a Crisis Managing Risk Rebalancing

Should You Rebalance Your Investments When the Market is Up or Down?

Whether the market is setting new highs or in the midst of a downturn, investors need to think a few steps ahead to ensure they're prepared when current conditions change—that's where rebalancing comes in. During periods of extreme market volatility, like March 2020, retirement accounts and taxable investment accounts can…

Kristin McKennaApril 6, 2020

Debt Management Dentists Doctors Forbes Interest rates Student Loans

Low Rates Create Big Opportunity to Refinance Student Loans, Particularly for Doctors and Dentists

According to a recent NerdWallet household debt study, dentists and doctors have some of the highest student loan debt balances compared to other types of professionals. At any income level, managing a six-figure debt load can be very difficult. To further complicate the matter, many doctors and dentists already have…

Kristin McKennaApril 2, 2020

Forbes Tax & Estate Planning Trusts Updated for 2021

Do I Need a Trust If I Have a Will?

A will and a trust are two different estate planning tools. Consider a will like a high-level set of instructions for after you pass away. You generally use a will to name the executor of your estate and guardianship for your children. Although you can leave assets to your heirs…

Kristin McKennaMarch 31, 2020

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