Mid-Year Retirement Checkup

It’s hard to believe we are more than halfway through 2017. With five months left in the year, now is a great time to assess how well you’ve been saving for retirement. Here are some questions to ask yourself when analyzing your success.

  • Are you maxing out your 401(k) contributions? If you are under the age of 50, you can defer paying income tax on up to $18,000 that you contribute your 401(k) plan. If you are age 50 or older, you can deposit a maximum of $24,000 in 2017.
  • Are you utilizing your employer match? Typically, companies have a minimum amount that you must contribute to receive the match. Some companies also have a vesting schedule before you can receive the full match. Work with your employer’s Human Resource Department to make sure you are maximizing your employer match, which is “free money.”
  • Are you fully funding your IRA? You can deposit up to $5,500 if you are under age 50 and $6,500 if you are age 50 or older into an IRA account. Note that IRAs have a later contribution deadline than 401(k) plans. You can deposit money until April 15, 2018 and have it count towards the 2017 tax year.
  • Are you rebalancing your portfolio? Most people set their asset allocation when they start to save for retirement. With the rise and fall of the stock market, your allocations could fall out of line with your risk tolerance and goals. Work with your CERTIFIED FINANCIAL PLANNER(TM) to discuss how your investments align with your goals.

Remember, there is still time to adjust your savings to meet your retirement goals.

Read the full article posted on USNews here.

When should I hire a wealth manager?

It’s a question our wealth managers get asked all the time. Is it when you have a net worth of a million dollars? Ten million dollars? The truth is, there is no magic number. The real questions you should be asking yourself is how do you make the right choice and what are the qualities that you should look for in a wealth manager? In speaking with Budros, Ruhlin & Roe’s Senior Wealth Managers, here are some quick tips they’ve provided.

  1. Use your outside resources. Do you have an accountant or lawyer that you work with regularly? Ask them who they work with or are familiar with in the industry. Other potential sources for referrals include family and friends. It’s a good idea to identify 2-3 wealth managers to interview before committing to one person.


  1. Certifications are important. You want someone who is well versed in all aspects of financial planning and practices in an ethical way. The CFP Board grants the CERTIFIED FINANICAL PLANNER ™ designation to competent and ethical personal financial planners. They foster professional standards through education, examinations, experience and ethics. Individuals who hold this designation are required to pass an examination, have relevant work experience, obtain continuing education credits and uphold a code of ethics.


  1. Fiduciary. Working in your best interest is critical for your success. Look for an advisor who works in a fiduciary capacity. This means that they provide advice without the conflicts which may arise from selling investment or insurance products. Legally and ethically, a fiduciary must put YOUR interests ahead of their own.


  1. Goals. Your goals determine your risk tolerance, your investment objectives, and your income needs to support your current lifestyle and your lifestyle post-retirement. Since these goals look different for everyone, it’s important to find a wealth manager who can help you define what is best for you and your family.


  1. Investment Style. While sometimes investment style gets confused with goals, it is different. Goals refer to how you want your wealth to be managed. Investment style relates to the manner in which your wealth manager selects investments for clients.

At Budros, Ruhlin & Roe, you’ll benefit from our team of investment experts headed by our Chief Investment Officer, Dan Roe. We’ll work with you to develop an asset allocation strategy that will assist in achieving your goals. Our team approach, which includes you—the client—will look at the time horizon of the money you are investing, as well as your tolerance for risk, to allocate your funds accordingly.


  1. Access to your wealth manager. How will the wealth manager communicate with you? How often will you meet with them? How many clients are they responsible for managing? At Budros, Ruhlin & Roe, we take a team approach to assisting clients. Our teams consist of Senior Wealth Managers, Wealth Managers and Wealth Management Administrators who help clients achieve their goals. Teams also collaborate with our Chief Investment Officer and Chief Planning Officer to develop the best financial strategies for you.

Budros, Ruhlin & Roe, Inc. named to Financial Advisor Magazine’s 2017 Annual RIA Ranking

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 has been named to the Financial Advisor Magazine’s 2017 Annual RIA Ranking. The list recognizes independent investment advisors who file their own ADV statement with the SEC and provide financial planing and related services to individual clients. In 2017, Budros, Ruhlin & Roe was ranked 103rd on the list of over 600 firms.  This is the third consecutive year Budros, Ruhlin & Roe has been named to the list.

Review the full list here.


Disclosure: To be eligible for the Financial Advisor Magazine’s RIA rankings, firms must be independent registered investment advisors and file their own ADV statement with the SEC. They need to provide financial planning and related services to individual clients.

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.