Cash Management Forbes Investing During a Crisis

Coronavirus Distributions From An IRA Or 401(k): Who Can, And Should, Tap Retirement Accounts?

The pandemic has impacted Americans in so many ways. Business owners and individuals laid off as a result of coronavirus may have immediate cash needs. The CARES Act passed by Congress allows some individuals to use money from IRAs, 401(k)s, or 403(b)s to bridge the income gap. But not all…

Kristin McKennaJune 9, 2020

Cash Management Forbes

Here’s How Much Cash You Need In An Emergency Fund And Where You Should Keep It

Having an emergency fund is more important than ever, at any income level. But the good news is Americans have been saving more recently, despite historic unemployment from the pandemic which hit a wide range of professionals, from dentists to bartenders. With extra money in the bank, the top priority…

Kristin McKennaJune 5, 2020

Boston financial advisor Choosing a financial advisor

How to Find a Fiduciary Investment Advisor

Looking to find a fiduciary investment advisor and wealth manager? Only fiduciary financial advisors are legally bound to act in your best interest at all times. Finding the right advisor can seem daunting, but here are five resources to help you find the right investment advisor for your situation. (more…)

Kristin McKennaJune 4, 2020

Brokerage Account Cash Management Debt Management Financial Planning Infographics Investing Updated for 2020

What To Do With Excess Cash: 7 Ways to Use Extra Savings

What should you do with excess cash? If you are holding too much cash, consider how to use the extra money to your benefit. If you have extra cash in the bank, you may be wondering if you should invest the money or pay down debt. Assuming you already have…

Kristin McKennaMay 27, 2020

Asset Management Financial Planning Retirement Planning Roth IRA Secure Act Traditional IRA Updated for 2020

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 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

Retirement Planning Tax planning

Tax Efficient Retirement Withdrawal Strategies

As you approach retirement, it’s important to have a strategy to minimize the taxes on your withdrawals. Keeping in mind a few key points can help prepare you to manage your savings in retirement. Since everyone’s circumstances are different, work with your financial advisor to determine the best approach for…

Kristin McKennaMay 22, 2020

Retirement Planning Secure Act Tax planning Updated for 2020

3 Strategies to Minimize Taxes on Required Minimum Distributions (RMDs)

Updated following the passing of the Secure Act. Looking for ways to minimize taxes on RMDs? For wealthy retirees, mandatory distributions from retirement accounts can cause taxes to increase sharply. As with all financial planning, to get the best results you'll want to start early. For workers with $1M+ in…

Kristin McKennaMay 20, 2020

Current events Forbes Investing During a Crisis

5 Explanations for the Disconnect Between the Stock Market and the Economy

After the recent low point for the S&P 500 on March 23rd, 2020, the index is up over 28% on a total return basis as of May 12th. A 28% gain in less than two months, during a pandemic? It’s understandable investors are wondering why there’s such a disconnect between…

Kristin McKennaMay 19, 2020

Budgeting Early Retirement Financial Planning Forbes Investing Retirement Planning

Are You Overestimating Your Expenses in Retirement?

How much money do you need saved to retire comfortably? It depends entirely on how much you plan to spend. In this piece for Forbes, Darrow Wealth Advisor Kristin McKenna discusses ways investors can estimate their expenses in retirement. (more…)

Kristin McKennaMay 18, 2020