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

401(k) Plans Employee benefits Retirement Planning

Should You Use a Roth 401(k) or a Traditional 401(k)?

This article was originally published on U.S. News by Kristin McKenna, Wealth Advisor at Darrow Wealth Management. (more…)

Kristin McKennaApril 27, 2016

403(b) Plans IRA Rollover Job Transition Retirement Planning Updated for 2020

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, bit 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

Financial Planning Prioritizing financial goals Retirement Planning Updated for 2020

Saving for Retirement When Single

Updated for 2020. In 2014, the Bureau of Labor Statistics reported that 50.2 percent of Americans were single. As much of the population delays marriage – or avoids it entirely – it presents some new planning considerations. Singles will need to plan for retirement in a different way than their…

Kristin McKennaApril 13, 2016

Financial Planning Prioritizing financial goals Retirement Planning

Maximize Your Income (without giving up Starbucks)

For individuals with higher incomes, traditional methods of budgeting may seem futile. Instead, consider adopting a goal-based spending plan to keep you on track. Yes, it's true. Some folks spend way too much at Starbucks every year. But for many affluent Americans, they can afford to and it's a lifestyle…

Kristin McKennaMarch 30, 2016

College planning Financial planning for new parents Retirement Planning U.S. News

Pay Yourself First: Save for Retirement, Then College for the Kids

This article was originally published by U.S. News and written by Kristin McFarland, CFP®, Wealth Advisor at Darrow Wealth Management. Even when finances are tight, there are several strategies to make the most out of your income. (more…)

Kristin McKennaFebruary 23, 2016

Asset Management Financial Planning Retirement Planning U.S. News

Your 401(k) Loan Is Costing More Than You Think

This article was originally published on U.S. News by Kristin McFarland, Wealth Advisor at Darrow Wealth Management. Most people who borrow against their retirement account will never fully recover. (more…)

Kristin McKennaFebruary 13, 2016

Financial Planning Retirement Planning

How Much Money Do You Need to Retire?

How much money do you need to retire and still maintain a comfortable lifestyle? As a financial advisor, clients often ask whether they have enough money to retire. And they're not the only ones asking – a Google search of the subject brings back more than 66 million hits. Most…

Kristin McKennaJanuary 27, 2016

401(k) Plans Business owners Retirement Planning SEP IRA Solo 401(k)Updated for 2020

Retirement Strategies for Small Businesses

Updated for 2020. It can sometimes be difficult for business owners to plan for retirement while keeping up with the demands of running a company. Setting up a retirement plan may seem daunting or cost prohibitive, but it is important small business owners are aware of the ways to save…

Kristin McKennaDecember 9, 2015

403(b) Plans Financial planning for physicians IRA Rollover Job Transition Retirement Planning Secure Act Updated for 2020

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

Updated for 2020. 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