Richmond Brothers Advisors Completed Advanced Virtual Training


 

Three advisors at Richmond Brothers, Matthew J. Curfman, CFP®, Daniel J. Vredeveld, CFP®, and Steve Kulchinski, MBA, recently completed their semiannual training with America’s IRA Experts at Ed Slott and Company, LLC by participating in a virtual workshop April 29-30, 2021. This invite-only workshop was attended by members of Ed Slott’s Master Elite IRA Advisor GroupSM and it provided in-depth technical training on advanced retirement account planning strategies, estate planning techniques, as well as a critical study of the aftermath surrounding the SECURE and CARES Acts’ retirement and tax law changes.

For those of you unfamiliar, Ed Slott is a CPA, founder of Ed Slott and Company, AARP columnist, Professor of Practice at The American College of Financial Services®, and a nationally recognized IRA Expert who was named “The Best Source for IRA Advice” by The Wall Street Journal. He mentioned to us, “The repercussions of a tumultuous 2020 met with the application of multiple, significant new tax laws is a recipe for confused and frustrated retirement savers. Our team has been flooded with thousands of questions from individuals trying to understand and apply all the new rules now in effect. Add this to the stress of living in our ‘new normal’ and potentially navigating critical rollover decisions when faced with an early retirement or lay-offs surrounding the pandemic — working with a trained, knowledgeable professional is more important than ever. As members of our advanced training program for over 20 cumulative years, I commend Matt, Dan, and Steve for continuously prioritizing their education throughout this ever-changing retirement planning landscape. They are going above and beyond to deliver informed and accurate financial guidance to their clients in a time when it’s needed most. With this ongoing training, Matt, Dan, and Steve can offer the latest insight on any necessary updates one may need now and into the future.”

Training highlights from this event included: A review of the SECURE Act and CARES Act, including repayment of coronavirus-related distributions (CRDs) and the return of required minimum distributions (RMDs) after being waived in 2020; how to advise successor beneficiaries inheriting retirement accounts under the SECURE Act; determining compensation for IRA and Roth IRA contribution planning; an in-depth look at practical planning issues in naming a minor as an IRA beneficiary; recent IRA court cases and judgments; transferring Roth IRAs in a divorce; comparing employer plans, sorting out plan tax rules and planning strategies for solo(k) plans; and proactive planning steps for navigating critical IRA dates and deadlines throughout the remainder of 2021.

As members of Ed Slott’s Master Elite IRA Advisor GroupSM, Matt, Dan, and Steve have year-round access to Ed Slott and Company’s team of retirement experts for consultation on advanced planning topics. The membership also includes workshops, webinars, tax-law updates, and step-by-step processes.

From temporary law changes, like repaying CRDs under the CARES Act, to navigating options and requirements for inherited retirement accounts after the elimination of the stretch IRA after the SECURE Act, there are urgent steps almost all retirement savers need to take to have their financial plans reviewed and updated. Add to this the many indirect consequences of the pandemic, from divorce to job changes and early retirements, it is a complex time to be making critical financial decisions. Through their membership with Ed Slott and Company, Matt, Dan, and Steve are confident in their abilities to serve the best interests of our family of clients as news continues to break. They are always equipped with the latest retirement laws and strategies and a back-office support team.

Do you have IRA and retirement-related questions or know someone else who may benefit from some help? Please do not hesitate to reach out to our team today by calling us at 517-435-4040 or emailing us at questions@richmondbrothers.com.

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