Intentions for a New Year [Richmond Refreshers]
How are those New Year resolutions going? If they aren’t sticking, or even if they are, this is a great informative clip with our Senior Financial Advisor, Dan Vredeveld, to help you either set a direction for self-improvement or just refresh your focus. Or check out the Closed Captions here! Sources: The commentary in this…
Bonds: historical losses were reached in 2022, so what’s the outlook for 2023? (From the desk of David Richmond, Chairman & Co-Owner)
Did you think that bonds were a relatively fool-proof investment – one that you just put in your portfolio for a conservative option because you knew even if it lost, it wouldn’t be much? Well, 2022 proved those who held that sentiment very wrong. Global bonds were down a whopping 16.4% in 2022. Before last…
7 Things to Know Now About the Secure Act 2.0
Matthew Curfman, CFP, President & Co-Owner of Richmond Brothers, covers 7 points that caught our interest since Congress passed some new legislation as of December 23, 2022. 0:25 What Secure Act 2.0 is 1:10 When provisions become effective 1:33 RMD age increased 2:14 Missed RMD penalty decreased 2:48 Qualified Charitable Distributions 3:22 SEP/SIMPLE IRA allowing…
Tax Loss Harvesting [Richmond Refreshers]
With the volatility of 2022, there are actually some opportunities you may be able to “collect” on. Do you own taxable accounts (or non-retirement investment accounts) that have lost value? Do you want to become more tax efficient? If so, make sure to tune in below to learn how you can potentially help turn investment losses…
How much do you really know about inflation?
Pop quiz. Are these statements true or false? Any time food or gas prices go up, we’re seeing inflation at work. Inflation is always bad for the economy. The consumer price index (CPI) and the personal consumption expenditures (PCE) price index are measures of inflation. Believe it or not, not one of those is a…
Roth Conversions – Does it “cost” you an opportunity?
Have you heard about the opportunity cost argument against Roth conversions? Some believe there is a lost opportunity cost by doing a Roth conversion because they argue that the funds used to pay the conversion tax could have been otherwise invested and that the investment return opportunity is lost. Well, we’re here to dispel this…
Time Matters, Not Timing (From the desk of David Richmond)
I saw this graph from Brian Feroldi that I thought was worth sharing: One doesn’t know on a particular day or week if the market is going up. And while history isn’t guaranteed to repeat itself, if it is any guide, we know the longer you let the markets work, the more consistent the potential outcome. …
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