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) when you change jobs: 401(k) rollover into an IRA Convert your 401(k) into a Roth IRA Leave your 401(k)…

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

ISOs Job Transition NQSOs Stock options

What Happens To Stock Options If You Are Laid Off?

Losing your job is stressful. If you've been laid off, you may be wondering what will happen to your stock options or restricted stock units. It will depend on some specific details about your company, grant agreement, and the type of stock options or awards you have. Here's what you…

Kristin McKennaApril 22, 2020

Cash Management Employee benefits Financial Planning Job Transition

Why You Need To Be Financially Prepared For An Unexpected Job Loss

The economy has been booming since the financial crisis but tough times are back. Broad economic conditions impact hiring or layoffs for many workers, but there are other ways individuals can experience sudden and unexpected job loss. No matter the reason, it's important to be financially prepared for an unexpected…

Kristin McKennaMarch 10, 2020

Employee benefits Forbes Job Transition

3 Key Money Moves For Anyone Starting A New Job

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

Kristin McKennaDecember 15, 2019

Employee benefits Financial Planning Job Transition Updated for 2021

How Much Are Benefits Worth? Valuing an Employee Benefits Package

How much are your benefits worth? What programs should you participate in? Unfortunately, individuals don't always know they can or should participate and sometimes the complex nature of benefit plans can lead to costly mistakes. To help ensure you're taking advantage of the most significant financial resources your employer offers,…

Kristin McKennaDecember 16, 2018

Biotech Financial Planning Job Transition

What You Need to Know If Your Company Is Being Sold

What happens to employees when a company is bought out? Depending on your position, it can be stressful to work for a company when it gets acquired. If your company was recently sold, you may have questions about your stock, 401(k), and what to expect during a merger. Here's everything…

Kristin McKennaAugust 7, 2018

Employee benefits Financial Planning IRA Rollover Job Transition Updated for 2021

Transferring Benefits When Switching Jobs

A new job can be exciting: a fresh start, new title, and (hopefully) more money. But changing jobs also means navigating a new retirement plan and benefit package as well as tying up loose financial ends with your former employer. Although it isn't always quick and easy, properly assessing your…

Kristin McKennaJanuary 12, 2018

403(b) Plans IRA Rollover Job Transition Updated for 2021

What Happens to My 403(b) If I Get Fired or Laid Off?

If you get fired or laid off from your job, consider the options for your old 403(b). In most situations, rolling your 403(b) over to an IRA is the best option, but it's not your only choice. Here's what happens to your 403(b) if you get fired, laid off, or…

Kristin McKennaApril 20, 2016

403(b) Plans Financial planning for physicians IRA Rollover Job Transition Updated for 2021

What Should You Do With Your Old 403(b)? Here Are Four Options.

Updated for 2021. For doctors and medical professionals, switching hospitals often means starting a new 403(b) retirement plan. Before leaving, consider your options for the old plan. In most instances, it makes sense to roll the old 403(b) plan into an IRA account. However, it is important to know what…

Kristin McKennaOctober 14, 2015