The truth about taking money out of your Roth IRA [Richmond Refreshers]
If you have a Roth IRA, you may wonder what makes a withdrawal qualified so that you can take out funds tax and penalty free. Learn what you need to know about withdrawals, basis and more with our CEO & Co-Owner, Matt Curfman, CFP®. Richmond Brothers, Inc. is an SEC-Registered Investment Adviser. Advisory services are…
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…
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…
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…
401(k) Rollovers: A quick start guide [Richmond Refreshers]
Need to roll over your 401(k) and not sure where to start? Check out the latest video for a high-level overview of the entire process from Steve Kulchinski, MBA, Associate Financial Advisor here at Richmond Brothers. Richmond Brothers, Inc. is an SEC-Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where…
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…
Concerned about future healthcare costs?
Increasing healthcare costs is one of the top concerns among Americans today. One option to consider to help pay for these costs is through a Health Savings Account (HSA). HSAs offer three different tax advantages: If you’re enrolled in a high-deductible health insurance plan, you may want to consider contributing to an HSA. However, like…
Storms in the Market [Matt’s Minutes May 2024]
Matt Curfman, CFP®, CEO & Co-Owner of Richmond Brothers, gives an update on the market and economic happenings from April as well as some Richmond Brothers past and upcoming events. Do you have concerns about uncertainty? Make sure to tune in to learn next steps! Or check out the Closed Captions here! Sources: YCharts Research…
Managing “Headline” Stress [Richmond Refreshers]
Ever find yourself scrolling through social media or watching the news, and suddenly you’re feeling the weight of the world on your shoulders? Yeah, it happens to the best of us. Steve Kulchinski, MBA, Associate Financial Advisor here at Richmond Brothers put together this video—short, sweet, and right to the point—about staying grounded amidst the…
Mindset shifts that could change your retirement [Richmond Refreshers]
Retirement might seem far away. But how you act today could have a major impact on your financial future. Check out this 2-minute video from Dan Vredeveld, CFP®, Senior Financial Advisor here at Richmond Brothers, to learn three changes you can make right now to help you stay on the path toward your dream retirement….
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