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

Asset Management Boston financial advisor Choosing a financial advisor Financial Planning Infographics Investing

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…

Kristin McKennaApril 28, 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

Financial Planning Forbes Investing Investing During a Crisis Managing Risk Retirement Planning

Can You Plan For A Stock Market Crash?

Could you have planned for this? Investors of all ages are thinking it: could I have done anything to protect my investments from the swift market decline as a result of the COVID-19 fallout? This question is especially relevant for individuals who planned to retire in the next year, as…

Kristin McKennaApril 21, 2020

Building Wealth Financial Planning Investing Retirement Planning

Stress Testing a Financial Plan Using a Risk Simulation

What happens if…? That’s the million-dollar question. Stress testing a financial plan and retirement projections can help investors feel more confident in the likelihood they won’t run out of money under different conditions in the financial markets. To illustrate why investors need a robust financial model, consider this typical scenario:…

Kristin McKennaApril 15, 2020

Asset Management Forbes Investing Investing During a Crisis Managing Risk

What Happens to the Stock Market After a Recession?

One of the most pressing questions for investors right now is where does the stock market go from here? A recovery following the global downturn in the markets could take many shapes and history can serve as a guide for how long it could take the financial markets to bounce…

Kristin McKennaApril 8, 2020

Estate Planning

How is a Trust Different from a Will?

A will and a trust serve two different purposes. A will is a high-level set of instructions after you pass away. For example, it will name the executor of your estate and guardians if you have children. While you can leave bequests in your will, it will go through the…

Kristin McKennaApril 7, 2020

Forbes Investing Investing During a Crisis Managing Risk Rebalancing

Should You Rebalance Your Investments When the Market is Up or Down?

Whether the market is setting new highs or in the midst of a downturn, investors need to think a few steps ahead to ensure they're prepared when current conditions change—that's where rebalancing comes in. During periods of extreme market volatility, like March 2020, retirement accounts and taxable investment accounts can…

Kristin McKennaApril 6, 2020

Asset Management Investing During a Crisis

Where Does the Stock Market Go From Here? A Year From Now?

Crisis investing: where does the stock market go from here? The COVID-19 outbreak has affected us all in some way at this point. Even investors a ways off from retirement might be wondering whether it’s a good time to put money in the stock market, whether we're passed the bottom, and…

Kristin McKennaApril 4, 2020

Debt Management Dentists Doctors Forbes Interest rates Student Loans

Low Rates Create Big Opportunity to Refinance Student Loans, Particularly for Doctors and Dentists

According to a recent NerdWallet household debt study, dentists and doctors have some of the highest student loan debt balances compared to other types of professionals. At any income level, managing a six-figure debt load can be very difficult. To further complicate the matter, many doctors and dentists already have…

Kristin McKennaApril 2, 2020