2024 Holiday Matching
Want to make YOUR charitable gift go further? Once again, Richmond Brothers is offering matching funds for donations made to each of three local non-profit organizations, as well as a national non-profit for a total of up to $2000 in matching funds overall. Richmond Brothers’ team has voted for the 2024 recipients of our matching…
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 House majority.1 Markets reacted to the news by rallying to new highs.2 Does that indicate they see president-elect Trump’s promises as favorable for stocks? Or…
Planning 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 saving? Like all qualified savings plans, you need to play by the IRS rules to enjoy the tax benefits and avoid expensive penalties. Failing to…
Calculating 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 or miscalculated RMD! If you’re approaching age 73, you may be trying to figure how much money you are required to take out of your…
New 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 penalties for both missed required minimum distributions (AKA RMDs) as well as excess IRA contributions. How far can they look back on these? Tune in…
Elections & 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 market myths around this election. Myth #1: Elections usually bring big market swings. You would think elections cause major market shifts (given all the politicking…
Did 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 companies are making overnight millionaires. But is jumping on the latest trend really the key to success? Steve Kulchinski, MBA, Associate Financial Advisor, made a…
The 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 growth, unemployment, and the upcoming elections. He also delves into the Smoother Ride investment strategies and their performance. Stay informed and gain valuable insights in…
Considering 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 this time of year. (Yes, while the RMD age has gone up, this important half-birthday still brings this planning opportunity!) A QCD distributes funds directly…
Let’s Get Started
Fill out the form below to schedule your one-on-one meeting with Richmond Brothers. During this meeting, we’ll aim to get to know who you are and what you want out of retirement.
