Roth IRA Archives | Darrow Wealth Managment

Retirement Planning Roth IRA Tax planning Updated for 2021

Explaining the Backdoor Roth and Mega Backdoor Roth IRA

Many individuals have heard of the backdoor Roth before, but the mega backdoor Roth is getting a lot of attention recently. Here are the differences between the regular backdoor Roth vs the mega backdoor Roth, who can use these strategies, and who may actually want to consider them. (more…)

Kristin McKennaJuly 6, 2021

Asset Management Financial Planning Retirement Planning Roth IRA Secure Act Traditional IRA Updated for 2021

Converting a Traditional IRA to a Roth Before or During Retirement

It doesn't always make sense to convert a traditional IRA to a Roth IRA. Your current and projected tax rate is often a main component of the decision, but there are other issues at play. Converting a traditional IRA to a Roth doesn't make sense unless you have cash to…

Kristin McKennaMay 27, 2020

401(k) Plans Financial Planning IRA Rollover Roth IRA Secure Act Updated for 2021

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 rolling over an old 401(k) to a Roth IRA, which is properly described as a Roth conversion. Converting your old 401(k) or 403(b) to a Roth IRA is worth considering. A Roth IRA offers unique benefits unavailable in other types of…

Kristin McKennaMay 26, 2020

401(k) Plans Brokerage Account Cash Management Early Retirement Infographics Investing Roth IRA Secure Act Traditional IRA Updated for 2021

I Maxed Out My 401(k), Now What? What to Do After Maxing Out Your 401(k)

Ways to Invest After Maxing Out a 401(k) Wondering what to do after maxing out your 401(k)? If you're looking for ways to save outside of your retirement plan, most individuals have three options: a brokerage account, Traditional IRA, or Roth IRA. Looking for ways to invest after maxing out…

Kristin McKennaOctober 8, 2019

Financial Planning Roth IRA Starting to invest Tax planning Updated for 2021 Wealth and Family

How a Roth IRA Could Make Your Kid a Millionaire

Updated for 2021. For most parents, it's a trifecta: help your kids learn about investing, save for retirement, and get fast-tracked to becoming a millionaire. It's possible, and surprisingly attainable. Here's how it works: if a teenage or college-aged kid has earned income (i.e. a part-time job), they are eligible…

Kristin McKennaSeptember 3, 2019

Roth IRA Tax planning Updated for 2019

How to Use a Roth IRA, Even When You Earn Too Much

If you have an old 401(k) or 403(b) retirement plan, now may be a good time to consider converting to a Roth IRA. Diversifying your retirement savings can really pay off down the line for some investors. (more…)

Kristin McKennaApril 3, 2018

Building Wealth Forbes Investing Roth IRA Wealth and Family

Why Teens and Twenty-Somethings Should Consider a Roth IRA

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

Kristin McKennaDecember 11, 2017

Asset Management Investing Managing Risk Rebalancing Roth IRA

Why Do You Need To Rebalance Your IRA?

Why do you need to rebalance your IRA? Setting up an asset allocation for your traditional or Roth IRA is important to diversify your investments to meet your long terms goals and manage risk. Asset allocation is the composition of your portfolio - the percentage of your investments that will…

Kristin McKennaAugust 19, 2015