Navigating Financial Uncertainty Amid Federal Layoffs
We know the news surrounding federal layoffs is unsettling, and if you’re feeling uncertain about what comes next, you’re not alone. Change like this can be overwhelming, but please know that you have options and support. Richmond Brothers’ goal is to help you navigate this transition with clarity and confidence so you can make informed…
Feeling uneasy about the market? Read this first
It’s been hard to miss the wave of attention-grabbing headlines lately. News cycles have been dominated by concerns over Big Tech’s earnings, trade tensions, and a potential economic slowdown in 2025. Even seasoned investors can feel uneasy when faced with headlines like these. Companies that have long driven market trends have seen their earnings expectations…
5 Key Tips to Avoid Costly IRA Rollover Mistakes [Richmond Refreshers]
Tax season is underway, and there’s no better time to optimize your retirement strategy! In this video, Adriaan, our Associate Financial Advisor, breaks down key tax-saving strategies, including IRA contributions, Required Minimum Distributions (RMDs), and how Qualified Charitable Distributions (QCDs) can benefit your bottom line. Learn how to reduce your taxable income, avoid costly penalties,…
Choosing the Right Tax Professional
Managing taxes during retirement might be the single most critical factor influencing your retirement lifestyle. As you transition from working for an income to withdrawing income from your savings and investments, you might have questions: With historically low tax rates set to expire at the end of the year, now is an ideal time to…
Federal Employees: What Does the Federal Buyout Mean for Your Retirement?
Are you a federal employee wondering if the buyout is right for you, or have you recently taken the offer? With so much uncertainty surrounding this program and its implications, it’s completely normal to feel unsure. Let’s take a moment to step back and review what’s at play so you can make informed decisions with…
Understanding the Current Economic Landscape [Matt’s Minutes February 2025]
Matt Curfman, CFP®, CEO & Co-Owner of Richmond Brothers, and his sidekick pup, Oliver, discuss key market events, including the Federal Reserve’s decision to pause rate changes and the impact of tariffs and inflation. Matt highlights the resilience of the economy and the potential for continued market growth, while emphasizing the importance of safety nets…
5 Key Tips to Avoid Costly IRA Rollover Mistakes [Richmond Refreshers]
If you’re switching employers or seeking to benefit from the tax advantages of a traditional or Roth IRA, you may want to consider rolling over your retirement savings into an IRA. One strategy is the ’60-day rollover,’ where you receive funds from your retirement account and must redeposit them into another account within 60 days….
“Magic” Retirement Number? [Richmond Refreshers]
How much do you need for a comfortable retirement? Let us know how you feel about these “magic” numbers in the comments below! Sources: 1. https://news.northwesternmutual.com/2024-04-02-Americans-Believe-They-Will-Need-1-46-Million-to-Retire-Comfortably-According-to-Northwestern-Mutual-2024-Planning-Progress-Study 2. https://news.northwesternmutual.com/2023-06-22-Americans-Believe-They-Will-Need-1-27-Million-to-Retire-Comfortably,-According-to-Northwestern-Mutual-Planning-Progress-Study 3. https://www.fidelity.com/viewpoints/retirement/how-much-do-i-need-to-retire 4. https://www.census.gov/library/publications/2023/demo/p60-279.html Chart source: https://news.northwesternmutual.com/2024-04-02-Americans-Believe-They-Will-Need-1-46-Million-to-Retire-Comfortably-According-to-Northwestern-Mutual-2024-Planning-Progress-Study Richmond Brothers, Inc. is an SEC-Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Richmond…
Navigating Healthcare Taxes
As you approach retirement, it’s important to be aware of potential taxes that could affect your healthcarecosts, particularly if your income exceeds certain thresholds. Under The Affordable Care Act, individuals with higher income levels are subject to an additional 3.8% Medicare surtax on investment income, including taxable interest, dividends, capital gains, and rental property income….
A New Year’s Perspective on Market Trends and Opportunities [Matt’s Minutes January 2025]
Matt Curfman, CFP®, CEO & Co-Owner of Richmond Brothers, discusses the significant developments of 2024 and what Richmond Brothers is anticipating for the new year ahead. What does Richmond Brothers feel will continue to impact the sectors in 2025? Tune in to find out! Or check out the Closed Captions here! Sources: Research Reports Ycharts…
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