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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…
Read MoreEarly Access to Retirement Accounts: Avoiding the 10% Tax Penalty
With recent changes under the SECURE Act and SECURE Act 2.0, there are more exceptions than ever before to access retirement accounts early without the 10% penalty. While tapping into…
Read MoreGot 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…
Read MoreThe 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…
Read MoreLeaving 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…
Read MoreNavigating 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.…
Read MoreUh 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…
Read More401(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…
Read MoreDid 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…
Read MoreConcerned 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…
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