Brokerage Account Cash Management Debt Management Financial Planning Infographics Investing Updated for 2020

What To Do With Excess Cash: 7 Ways to Use Extra Savings

What should you do with excess cash? If you are holding too much cash, consider how to use the extra money to your benefit. If you have extra cash in the bank, you may be wondering if you should invest the money or pay down debt. Assuming you already have…

Kristin McKennaMay 27, 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

Asset Management Boston financial advisor Choosing a financial advisor Infographics

How is Asset Management Different from Wealth Management?

When searching for a financial professional, you may wonder whether you need asset management vs wealth management. How are they different? Advisory firms offer a range of services and may specialize in one area too. There are also many synonyms for financial advisors which makes it hard to find what subtle…

Kristin McKennaApril 28, 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?

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

Financial Planning Infographics Retirement Planning Updated for 2020

6 Retirement Planning Mistakes

Is there a magic number you need to save to retire? Despite what you may read, questions related to personal finance and retirement almost always require personalized guidance as elements of your unique situation can significantly change what's in your best interest. There are numerous elements about retirement that are…

Kristin McKennaAugust 7, 2019

Cash Management Financial Planning Infographics Investing Retirement Planning Secure Act Tax planning Traditional IRA Updated for 2020

Non-Deductible IRA Contributions Aren’t Worth It – Here’s Why

5 reasons you shouldn't make nondeductible contributions to an IRA Are non-deductible IRA contributions worth it? Most high-income individuals are unable to make tax-deductible contributions to a traditional IRA due to IRS limits, yet their earnings level may allow the capacity to save more after maxing out a 401(k). Although any…

Kristin McKennaJuly 23, 2019

Early Retirement Health Insurance Infographics Medicare

5 Health Insurance Options For Early Retirees

What options do early retirees have to obtain health insurance coverage before they reach age 65 and can enroll in Medicare? Estimating health care costs during retirement is already challenging and pre-Medicare retirees face additional uncertainty. (more…)

Kristin McKennaMay 21, 2019

Charitable giving Infographics Investing Tax planning

5 Ways to Minimize Tax on Your Investments

As the saying goes, nothing is certain but death and taxes. Though it's hard to argue with the truth, there are often ways improve your situation. Reducing your tax liability can be challenging, but there are several strategies, particularly if you're charitably inclined. When considering which tax-saving strategy might be…

Kristin McKennaApril 12, 2019

Asset Management Infographics Investing Managing Risk

Taking a Closer Look at U.S. Equity Indices

The S&P 500 is often used as a measure of the entire US stock market, and for good reason, but that sometimes leads investors to believe they need only invest in a fund that tracks the famed index. To better understand the US equity landscape, it is helpful to explore some of the…

Kristin McKennaFebruary 6, 2019

Charitable giving Infographics Inheritance Secure Act Tax & Estate Planning Updated for 2020

Calculating How Much Charitable Donations Will Reduce Taxes

How much charitable giving will reduce taxes depends on what you donate. The tax deductions for charitable giving will vary for donations of cash, stock, or even retirement assets. To maximize the tax benefits of charitable giving, consider the different ways you could give. To find the best tax savings,…

Kristin McKennaFebruary 5, 2019