401(k) Plans Financial Planning IRA Rollover Job Transition Retirement Planning Roth IRA Secure Act Updated for 2020

Rolling Over a 401(k) to a Roth IRA: Should You Convert to a Roth?

What are your 401(k) rollover options? You may consider converting your 401(k) to a Roth IRA. No matter what you call it (transfer, roll over, convert, or just moving it), converting your old retirement plan to a Roth IRA is worth considering. A Roth IRA offers unique benefits unavailable in other…

Kristin McKennaMay 26, 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

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 2020

What Are Your Employee Benefits Worth? Depends What Choices You Make.

Benefit programs at work can offer employees and executives significant wealth-building tools. 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, familiarize yourself…

Kristin McKennaDecember 16, 2018

Biotech Financial Planning Job Transition

What You Need to Know If Your Company Is Being Sold

What should employees do when the company is acquired? It's stressful to work for a company when it gets bought out. 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 you need to know if your…

Kristin McKennaAugust 7, 2018

Employee benefits Financial Planning IRA Rollover Job Transition Updated for 2020

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

Asset Protection IRA Rollover Job Transition Retirement Planning Updated for 2020

Asset Protection For Retirement Plan Rollovers

A popular strategy for investors changing employers is a 403(b) or 401(k) rollover to an IRA. While it often makes sense to rollover a 401(k) when leaving a job, pay careful attention to ensure you are doing it the right way. Qualified retirement plans such as a 401(k) or 403(b)…

Kristin McKennaJune 7, 2016