» Retirement

Roth Conversion Rules

Owners of a traditional IRA may consider converting their retirement account to a Roth IRA. If a possible Roth conversion has been on your mind, you may wonder if it makes sense at this time, and what the pros and cons of a conversion. In this blog p… Read More

SECURE Act 2.0

In 2019, the federal government passed the Setting Every Community Up for Retirement Enhancement Act—more commonly known as the SECURE Act, the predecessor to the SECURE Act 2.0. That legislation made important modifications to laws affecting retir… Read More

How to Leave an IRA to Heirs

Retirement assets, including Individual Retirement Accounts (IRAs), often make up a large part of a deceased person’s estate. Retirement accounts are also, unfortunately, one of the biggest sources of estate-planning errors. The rules about distrib… Read More

How to Choose a Long-Term Care Facility

By Ted Gudorf, JD, LLM Choosing a long-term care facility that is right for yourself or a loved one is an important decision based on many different moving parts and variables. As such, it is critical to assess this choice as objectively as possible… Read More

Using Your Tax Refund for Retirement Financial Planning

The tax filing deadline was delayed for three months in 2020 due to the coronavirus pandemic. As a result, many of those who filed their taxes in July have recently received their income tax refunds. A tax refund can feel like a windfall, and many pe… Read More

Changes to Ohio Medicaid Law: Is Your Retirement Account a Countable Asset?

If you have ever considered nursing home care for a loved one, you know that it’s costly. In Ohio, a private room in a long-term care facility can cost over $100,000 per year. Even if you have saved carefully for most of your life, it’s likely th… Read More

Medicaid Treatment of Retirement Plans

As you are no doubt aware, nursing home costs in Ohio are high, and continue to rise. Even those families that have saved diligently for retirement often cannot afford to pay for an extended stay in a nursing home or long-term care facility. You may… Read More

Elimination of Roth Conversion Recharacterization

For individuals saving for retirement, one of the things that makes a Roth IRA attractive is that the account is created and funded with post-tax dollars. This means the account owner need not pay income tax on funds when they are withdrawn in retire… Read More

Should You Have a Self-Directed IRA?

Most people own a retirement plan of some type. It could be a traditional IRA, Roth IRA, Simple IRA, Traditional 401(k), Roth 401(k), SEP IRA, or 403(b). Very few people know that they can convert any of these retirement plans to a self-directed reti… Read More

What You Need to Know About Retiring to Another Country

For decades, your career stretched out before you, with retirement seeming like a faraway dream on the horizon that might never arrive. Suddenly, that moment you’ve been saving for is rapidly approaching, and you are faced with the decision of… Read More