Stay Informed for Your Financial Future


Follow our blog to keep up to date on the latest financial news and information.

How to build your fiscal fitness [Richmond Refreshers]

Making small changes to how you perceive (and then approach) your financial goals could be the missing link to your success! Here are some tips from our Senior Financial Advisor, Dan Vredeveld, CFP®, here at Richmond Brothers. Richmond Brothers, Inc. is an SEC-Registered Investment Adviser. Advisory services are only offered to clients or prospective clients…

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Gifting

Avoiding Charitable IRA Beneficiary Mistakes

Designating a nonprofit organization or charity as a beneficiary of your estate is admirable. However, although their tax-exempt status makes IRAs ideal for charitable gifting, some complexities may arise during estate administration. If naming other IRA beneficiaries (in addition to a charity), properly divide accounts for each intended heir to avoid potential traps. To maximize…

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Got FOMO? [Matt’s Minutes July 2024]

Matt Curfman, CFP®, CEO & Co-Owner of Richmond Brothers, highlights the starkly contrasting market headlines that are currently out there. What strategies can you use to help manage FOMO and market volatility? Tune in and find out! Or check out the Closed Captions here! Sources: YCharts Research Reports https://www.cnbc.com/2024/06/27/sp-500-to-tumble-30percent-as-recession-hits-later-this-year-says-bca-research.html https://www.instagram.com/reel/C8ujGHUvOPX/?igsh=MXVrbGwyNzBnZTRrZQ== https://www.cnbc.com/2024/06/30/parts-of-the-stock-market-are-already-priced-for-recession-one-cio-says.html The commentary in this…

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Leaving your legacy to multiple heirs?

When creating a financial plan, many people wish to leave a legacy for their loved ones. Some individuals choose to name their spouse as the sole beneficiary, while others have a list of loved ones they wish to include. If you intend to leave IRA assets to multiple people, having them listed properly as beneficiaries…

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Navigating the Market Maze[Matt’s Minutes June 2024]

Matt Curfman, CFP®, CEO & Co-Owner of Richmond Brothers, provides a comprehensive analysis of market conditions, including the performance of major benchmarks such as S&P 500, Dow Jones, and NASDAQ. Matt provides valuable insights into the impact of inflation, Federal Reserve policies, and the upcoming presidential election year on investments. Plus he provides strategic approaches…

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Uh oh, you missed the 60-day IRA rollover deadline?

If you recently withdrew money from your retirement account with plans to execute a 60-day rollover but missed your deadline, you may be worried about the consequences. Life happens, and fortunately, the IRS understands this, too! If you missed the 60-day deadline for completing an IRA rollover due to an error or an unexpected life…

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Did you inherit an IRA?

If you inherit an IRA from a deceased loved one, it is crucial to know the complexities involved. Following the rules to effectively manage the account isn’t straightforward and varies depending on whether you are the deceased’s spouse, a non-spouse or a trust beneficiary. With many long-standing retirement rules for beneficiaries upended in recent years…

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