Posts by Richmond Brothers
Determining 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…
Read MoreLower interest rates. Now what?
The Federal Reserve recently voted to cut interest rates, shaving 0.5% off the benchmark .1 Markets rallied exuberantly at the news, reaching new highs.2 Why did the Federal Reserve cut…
Read MoreTo convert or not convert? [Richmond Refreshers]
You’ve probably heard by now that a Roth IRA conversion is the process of moving IRA or employer plan assets to a Roth IRA. But what do you need to…
Read MoreLeaving a Legacy: Life Insurance vs. Roth IRAs
Knowing your loved ones have financial support upon your passing helps provide peace of mind. With this in mind, many people use life insurance policies and Roth IRAs to provide…
Read MoreWhat you should know about interest rates [Richmond Refreshers]
Learn more about the downstream effect on your portfolio and wealth from our Associate Financial Advisor, Steve Kulchinski, MBA. No time to watch? You can read the “closed captions” here.…
Read MoreProtect Your IRA from Prohibited Transactions and Penalties
Are you aware of what constitutes a prohibited transaction as an IRA owner? Anytime an account owner uses IRA assets in a self-serving or self-dealing manner that improperly benefits them,…
Read MoreRoth IRA Conversions – Dispelling the Opportunity Cost Argument
The opportunity cost argument surrounding Roth conversions suggests that an opportunity is lost by paying the conversion tax upfront instead of investing it. This argument claims that investors lose future…
Read MoreNavigating Financial Opportunities [Matt’s Minutes September 2024]
Matt Curfman, CFP®, CEO & Co-Owner of Richmond Brothers, gives an overview of the financial landscape this past August, including market challenges and opportunities, the impact of upcoming Federal Reserve…
Read MoreNew RMD Rules Are Here – Part 2 [Richmond Refreshers]
Did you know they are still making changes from laws set back in 2020? Associate Financial Advisor, Steve Kulchinski, MBA, covers some more of the Secure Act and Secure Act…
Read MoreNew RMD Rules Are Here – Part 1 [Richmond Refreshers]
Did you know they are still making changes from laws set back in 2020? Senior Financial Advisor, Dan Vredeveld, CFP, covers some of the Secure Act and Secure Act 2.0…
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