Innovative Thinking with a Practical Approach

Helping Ohioans Plan For Retirement Today

Planning for retirement is about aligning your finances with your goals. To do this, you will need reliable legal allies who can provide trustworthy advice. At Cavitch Familo & Durkin Co., L.P.A., our estate planning lawyers guide our clients with a steady hand through their most significant financial decisions.

We have been a cornerstone of the Cleveland community for over a century. Our team is dedicated to providing effective solutions that make a real difference in your future. We are here to help you navigate the complexities of retirement benefits within your estate plan, ensuring you feel confident and informed every step of the way.

Experience Handling Retirement Benefits Of Many Kinds

Retirement benefits are a crucial element of your estate plan. Properly integrating these benefits can substantially impact your financial well-being and tax liabilities. Our lawyers are committed to creating a strategic approach that minimizes taxes and avoids penalties. We work with an array of retirement benefits, including, but not limited to:

  • Individual retirement accounts (IRAs)
  • 401(k)s
  • 403(b)s
  • Stock options
  • Profit-sharing plans

Our approach is thorough and tailored to your unique situation, ensuring that your retirement assets support your estate planning goals.

Understanding Withdrawal Penalties And Exceptions

Withdrawing assets from your retirement plan before reaching the age of 59 ½ typically results in penalties. However, there are exceptions to this rule, especially with Roth IRAs, which allow for tax-free withdrawals under certain conditions. For 401(k)s, you need to check the specific terms of your plan to avoid unnecessary fees. Our attorneys can guide you through the nuances of these regulations, helping you make informed decisions about your retirement assets and whether you should make withdrawals.

Discuss Retirement With Our Estate Planning Attorneys

Let us help you plan for a future that reflects your hard work and vision. Contact Cavitch Familo & Durkin Co., L.P.A., at 216-621-7860 or send us an email to schedule a consultation where we can discuss the details of your retirement and estate planning needs.