Guest Blogger: Kristen Smith

Guest Blogger: Kristen Smith
Kristen is a CERTIFIED FINANCIAL PLANNER ™ professional at Axial Financial Group with over 15 years of experience working with individuals and their families in all facets of their financial life. For registered representatives: Kristen is a financial consultant located at The Axial Company, 5 Burlington Woods, Suite 102, Burlington, MA 01803. She offers securities as a Registered Representative of Commonwealth Financial Network, Member FINRA/SIPC. She can be reached at 781.273.1400 or ksmith@axialfg.com. CRR, LLP, Axial Financial Group, and Commonwealth Financial Network are separate and unrelated entities.
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Recent Posts

5 Positive Financial Habits to Adopt Today

Like most people, you probably have a vivid, exciting picture of what your ideal retirement will look like. Maybe it’s spending time with family at a beach house, crossing off the books that have accumulated on your to-read list, or finally being able to volunteer enough of your time to make a difference for your favorite charity. But there’s no doubt that the journey to retirement is long and winding—and, as with any journey, you’ll encounter challenges along the way before arriving at your desired destination. Adopting good financial habits is a must for plotting a successful retirement journey. Let’s explore five positive ways to get—and stay—on the right track.

Is a Roth 401(k) Right for Me?

The Economic Growth and Tax Relief Reconciliation Act of 2001 introduced the Roth 401(k) as a retirement plan that employers may offer to their employees as of January 1, 2006. Of course, there are questions that need to be considered, the most important being, should you contribute to a Roth 401(k)?

5 IRA Misconceptions and How You Can Make the More Informed Choice

Some IRA planning and investment strategies may appear easy to execute, but errors can lead to unexpected taxes or penalties, loss of the IRA’s tax-exempt status, and even disinherited beneficiaries. Where can things go wrong? Here are five common IRA misconceptions, as well as tips for making a more informed choice.

401(k) Loans: Borrowing from Your Future

If you need funds to cover an unexpected expense, taking a loan from your 401(k) account may sound appealing. Although many retirement plans offer these loans, borrowing from your 401(k) comes with unique risks and costs that can seriously compromise your long-term retirement savings. If you’re considering a 401(k) loan, it’s critical to weigh the pros and cons.

10 Reasons to Save for Retirement

We all know we should be saving for retirement. But, according to EBRI’s 2018 Retirement Confidence Survey, many Americans aren’t prepared. In fact, 79% of respondents said they plan to work in retirement! Of course, life gets in the way of taking action, and retirement seems so far off. But whether or not you’re prepared, it will be time to retire before you know it. Read on for 10 reasons to make saving for retirement a priority today.

Financial Planning FAQ: Roth 401(k) Contributions

As a financial planner, I am often asked by clients about which retirement savings tools are right for them. Many clients have questions about how Roth 401(k) plans in particular compare to other retirement saving strategies. To help clarify, I have put together the following list of frequently asked questions and answers to help you decide if Roth 401(k) contributions are right for you.

11 Financial Aid Myths Debunked

The purpose of financial aid is to help bridge the gap between the cost of attending college and the amount that students and their parents can afford to pay. Unfortunately, many students forgo applying for financial aid because they assume they won’t qualify. Don’t let these common myths dissuade you from applying for financial assistance or lead you astray during the application process. 

Everything You Need to Know about Federal and State Retirement Systems

Being aware of retirement options and social security benefits can help you assess how financially secure you will be during your golden years.

FAQ: The SECURE Act

2020 has been a year to remember for so many reasons that it is easy to forget the significant legislation passed by Congress late last year that could potentially impact how you plan for retirement. The Setting Every Community Up for Retirement Enhancement (SECURE) Act is considered by many to be the most significant retirement planning legislation in a generation, and it has raised many questions.

Health Savings Accounts: FAQs

Changes in the health care marketplace, rising medical costs, and the tax advantages that health care savings accounts (HSAs) offer make them an attractive planning tool for many individuals covered by high-deductible health plans (HDHPs). I have had some questions from clients recently regarding HSAs and what they entail, so I thought it would be helpful to outline some Frequently Asked Questions, below: