Budros, Ruhlin & Roe, Inc. Named to 2017 Financial Times 300 Top Registered Investment Advisors

Columbus, Ohio-based Budros, Ruhlin & Roe, Inc, one of the nation’s leading independent wealth management firms with over $2.3 billion in assets under management and advisement, has been named to the Financial Times 300 Top Registered Investment Advisors as of June 22, 2017. The list recognizes top independent RIA firms from across the U.S. This is the fourth consecutive year that Budros, Ruhlin & Roe has been named to the list.

“Being named to the Financial Times list for four consecutive years is quite an honor and a testament to the strength of the firm, expertise of our planners and advisors and our dedication to providing clients with a ‘best-in-class experience’,” said Peggy Ruhlin, Chief Executive Officer of Budros, Ruhlin & Roe, Inc.

The list is produced independently by the Financial Times in collaboration with Ignites Research, a subsidy of the FT that provides business intelligence on the investment management industry. They invited 1,500 pre-screened RIA firms to apply for consideration. Applicants that applied were graded on six criteria which included: assets under management (AUM); AUM growth rate; years in existence; advance industry credentials of the advisors; online accessibility; and compliance records. These qualifiers signal experience managing money, technical expertise and client trust.

The “average” FT 300 firm has been existence for 22 years and manages $2.7 billion in assets. The 300 top RIAs hail from 37 states and Washington D.C. The list also caps the number of firms in each state that make the list. Budros, Ruhlin & Roe is one of 15 firms from the state of Ohio named to the list.

“Budros, Ruhlin & Roe’s thirty-five plus years of financial planning experience, coupled with our robust in-house investment team, form a strong foundation that provides clarity and peace of mind for the families we serve today, as well as future generations,” added Ruhlin.

Budros, Ruhlin & Roe board members will be honored along with others who made the list on Thursday, June 22 in New York City.

About Budros, Ruhlin & Roe Inc.
Budros, Ruhlin & Roe, Inc. is a Columbus, Ohio based fee-only, independent wealth management firm, serving clients in a fiduciary capacity. The company culture emphasizes excellence in all areas of financial planning and portfolio management. To learn more visit www.b-r-r.com.

FT 300 Disclosure
The Financial Times 300 Top Registered Investment Advisers is an independent listing produced annually by the Financial Times (June, 2017). The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FT’s research. The listing reflected each practice’s performance in six primary areas: assets under management, asset growth, compliance record, years in existence, credentials and online accessibility. This award does not evaluate the quality of services provided to clients and is not indicative of the practice’s future performance. Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300.

Please Note: Limitations: Neither rankings and/or recognition by unaffiliated rating services, publications, media, or other organizations, nor the achievement of any designation or certification, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Budros, Ruhlin & Roe, Inc. is engaged, or continues to be engaged, to provide investment advisory services. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers. Unless expressly indicated to the contrary, Budros, Ruhlin & Roe, Inc. did not pay a fee to be included on any such ranking or to receive any such recognition. No ranking or recognition should be construed as a current or past endorsement of Budros, Ruhlin & Roe, Inc. by any of its clients. ANY QUESTIONS: Budros, Ruhlin & Roe, Inc.’s Chief Compliance Officer remains available to address any questions regarding rankings and/or recognitions, including providing the criteria used for any reflected ranking.

Why Your Health Savings Account Should Be a Priority

A Health Savings Account (HSA) can be an extremely beneficial tool for financial independence.  An HSA allows an individual to pay for qualified health care expenses and save for future qualified medical expenses on a tax-free basis.  The individual must be covered under a high-deductible health plan to be eligible, and the unused amounts in the HSA may be rolled over to the next year. As of 2017, an individual may contribute up to $3,400 per year and a family may contribute up to $6,750.  Individuals age 55 and older may contribute an additional $1,000.  Contributions are tax-deductible, and may be made up to the tax filing deadline in the next year. The IRS also allows one tax-free rollover from an IRA to a Health Savings Account up to the annual contribution limits, which could be advisable if cash flow is tight (this type of contribution does not qualify for a tax deduction).

An HSA can be funded with either pre-tax dollars or with after-tax dollars and a subsequent above-the-line tax deduction. There is no income limitation that affects a taxpayer’s eligibility to contribute to an HSA, and funds from an HSA may be withdrawn at any age as long as the funds are used for qualified medical expenses.  Although the IRS dictates that health insurance premiums cannot be treated as qualified expenses, there are exceptions for long-term care insurance, COBRA coverage, coverage while receiving unemployment compensation, and Medicare.  HSAs grow tax-free for the remainder of the taxpayer’s lifetime.

HSAs provide a significant opportunity to capture tax-free growth, especially if annual income exceeds the Roth IRA limitations set by the IRS. Health Savings Accounts qualify for the same tax-free growth of a Roth IRA, with an added tax deduction. Some may be hesitant to maximize contributions to an HSA because the funds are required to be utilized for qualified medical expenses.  However, an important and often missed fact about Health Savings Accounts is that reimbursements are not required to be distributed in the same year expenses are incurred. Reimbursements may be made from an HSA at any time for past medical expenses as long as the expenses were incurred after the HSA was opened.  (It is highly encouraged to save all receipts in the case of an audit.)

An HSA can be a very valuable tool at the time regular contributions are made while there is still time to take advantage of long-term tax-free growth, and before taxpayers become ineligible upon enrollment in Medicare.  One potential disadvantage of holding a high balance in your HSA is that upon the owner’s death, although an HSA can be passed to a spouse tax-free, if the HSA is passed to a non-spouse beneficiary the fair market value of the account is included in the beneficiary’s income and the account loses its tax-free benefit.  Because the account cannot be passed tax-free to a non-spouse beneficiary, it’s best to begin spending the account later in life and save the Roth IRA that passes tax-free upon death, or that non-qualified account that receives a ‘step-up’ in cost basis at death, for your children to inherit.

Written by: Samantha J. Anderson,CFP®