Timothy P. McKee, CPA, PFS

09/01/2026

Financial planning for loved ones with special needs requires a thoughtful, coordinated approach.

Families must balance long‑term care, legal protections, government benefits, and financial stability — all while ensuring dignity, independence, and quality of life.

Read more

https://www.mckeepfs.com/blog.php?id=13

08/18/2026

Are you married? What do you know about the Widow’s Tax?

Losing a spouse is devastating enough. Then the IRS sends a tax bill that's thousands of dollars higher — on the same income.

Here's why it happens and what you can do about it now.

Link to my article is in the first comment below.

08/02/2026

The way your financial advisor is paid determines their behavior. They may recommend something to you not because it is in your best interest, but because they reap the financial rewards for it.
Read more https://www.mckeepfs.com/blog.php?id=9

Not sure what financial areas you should consider for planning?

Take a look at this Master List of Goals.
https://cpanel2.cpasitesolutions.com/~mckeepfs/images/Master-List-Of-Goals.pdf

Let me know if you need to talk about your financial goals.

08/01/2026

Will you be in a higher tax bracket in retirement?

After Social Security, pensions, and other income, retirees can end up in a higher tax bracket than they expected.

So said an article in USA Today (7/22).

I wrote two articles about how Roth Conversions could help you better manage taxes on your retirement income:

Roth Conversion
https://www.mckeepfs.com/blog.php?id=11

Backdoor & MegaRoth Conversions
https://www.mckeepfs.com/blog.php?id=10

If you want help figuring it out, on tact me.

06/15/2026

Could a vacation or second home fit into your life? Ever think about it?

Owning a vacation (or second) home can be a deeply personal decision — a place to unwind, gather with family, or create lasting memories. But it’s also a meaningful financial decision that touches many parts of your overall plan.

Click on the article below for what to consider when thinking about a vacation or second home.

https://www.mckeepfs.com/blog.php?id=8

01/16/2026

11/20/2025

A residuary clause is the part of your will that distributes the “residue” of your estate. This residue includes any assets left after specific bequests, debts, taxes and administrative costs have been paid. It might include forgotten bank accounts, newly acquired property or investments you didn’t specifically name in your will. Failing to include a residuary clause can create problems. When assets aren’t covered by specific instructions in a will, they’re considered “intestate property.” This means those assets will be distributed according to state intestacy laws rather than your personal wishes. Contact us at (440) 505-5699 for more details.

11/11/2025

Can you convert unused paid time off (PTO) into retirement contributions?

Possibly.

This creative solution helps support workers’ financial wellness while potentially easing staffing shortages and increasing retirement plan participation is a PTO contribution arrangement. It allows employees with unused vacation hours to convert them to contributions to their retirement accounts.

Many workers value growing their savings over amassing PTO. Just bear in mind that you’ll face challenges such as amending your plan document, overseeing compliance and clearly communicating with participants.

Contact us at (440) 505-5699 for help determining whether a PTO contribution arrangement is right for your organization.

11/10/2025

Thinking about a hardship withdrawal from your 401(k)? Don’t.

401(k) plans help you save for retirement. But they may offer an option to take hardship withdrawals for medical bills, tuition or funeral costs (among other eligible expenses). Unlike loans, hardship withdrawals don’t have to be repaid. However, a withdrawal comes with a hefty price tag: you'll need to pay income tax and possibly a 10% early withdrawal penalty. This, in my opinion, is a last resort.

Contact us at (440) 505-5699 for details.

11/06/2025

Without a power of attorney (POA), if you become incapacitated, your loved ones won’t be able to manage your finances without going through the lengthy and expensive process of petitioning the court for guardianship or conservatorship. Executing a financial POA, also known as a POA for property, protects your family from having to go through this process and helps ensure that financial decisions and tasks won’t fall through the cracks. A POA appoints a trusted representative (often called an “agent”) to make financial decisions on your behalf. It authorizes your agent to manage your investments, pay your bills, file tax returns and otherwise handle your finances, within the limits you set. Contact us at (440) 505-5699 for more information.