Posts by Richmond Brothers
President Trump wins. Now what?
President Trump has won reelection; what does that mean for investors? Let’s discuss. As of writing, Republicans have won the White House and a Senate majority, and may win a…
Read MorePlanning for HSA Distributions
Health Savings Accounts (HSAs) offer tax benefits that can help you save for future healthcare costs. But how do you access the funds for out-of-pocket medical expenses once you’ve started…
Read MoreWhat drives the markets during election season? [Matt’s Minutes November 2024]
Matt Curfman, CFP®, CEO & Co-Owner of Richmond Brothers, discusses the significance of the upcoming elections while emphasizing that markets are primarily driven by economic fundamentals rather than political outcomes.…
Read MoreCalculating your RMD (Required Minimum Distribution)
Finally being able to withdraw your hard-earned money from your retirement account should be a great feeling, right? Not if you’re getting hit with a hefty penalty from a missed…
Read MoreNew Statute of Limitations for Missed RMDs and Excess IRA Contributions [Richmond Refreshers]
Rules and regulations can certainly be confusing and they always seem to be changing! The SECURE Act 2.0 brought about a new statute of limitations for the IRS to assess…
Read MoreElections & market reactions
What do presidential elections mean for your portfolio? Should you change your investing strategy based on who wins? Elections bring a lot of noise, and we wanted to dispel some…
Read MoreDid you miss your chance on a high-flying stock?[Richmond Refreshers]
FOMO in investing is real, and it can hit hard. You might hear about an individual stock soaring to new heights. Perhaps you keep seeing headlines about how some tech…
Read MoreThe Real Deal on Interest Rates & Market Trends [Matt’s Minutes October 2024]
Matt Curfman, CFP®, CEO & Co-Owner of Richmond Brothers, provides insightful economic updates and market trends, including discussions on inflation, the Federal Reserve’s decision to lower rates, geopolitical tensions, corporate…
Read MoreConsidering Gifting to Charity?
As we enter the holiday season, many are in the spirit of giving. A qualified charitable distribution, or QCD, is a solution many IRA owners age 70½ and older consider…
Read MoreDetermining Tax on Roth IRA Distributions
When you opened your Roth IRA account, you may have assumed all distributions would always be tax-free. This, however, is a common misunderstanding that can leave you in a world…
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