In the Media
Richmond Brothers, Inc. has been highlighted in:
|Novel ways to use your Roth IRA
April 17, 2015 – David Richmond weighs in on are some unusual ways people can use Roth IRAs and/or Roth 401(k)s. “We have several clients who set up a incentives with grandchildren that if they work they will help them fund a Roth in equal (or 25 cents on the dollar or 50 cents or whatever someone wants to do) to help teach the kids to save for the long term: $5,500 contributed (summer earnings) from age 16 to 62 has you contributing $253,000, but growing over 40 years that money is worth $2.485 million. Not a bad start from Grandpa and Grandma.”
|Market Call with David Richmond
April 15, 2015 – Dave discusses Richmond Brothers’ investment style and shares insight on recent client allocation changes, as well as how the decision is made to sell a security.
|4 smart ways to pay less taxes on your investments
March 16, 2015 – Taxes can certainly have an effect on your nest egg. Dave shares his insights on how to make your investments more tax efficient and help you keep more money in this Daily Finance Article. “Sound investment strategy requires more than simple tax efficiency,” he noted.
|Bullish outlook despite volatility concerns? (Video clip)
European exposure a concern for U.S. companies? (Video clip)
February 24, 2015 – Dave Richmond appeared on Fox Business ‘After the Bell’ to discuss his market outlook and why, despite recent volatility, he is feeling bullish towards European stocks.
|The risk of waitingFebruary 2015—How do you plan to cover health care expenses as you age? Matt Curfman shares his insights in this article. “While it’s difficult to think about planning for these costs when perfectly healthy, the reality is that 70 percent of all Americans over the age of 65 will require long term care services at some point in their lives, while over 40 percent will need care in a nursing home,” Matt notes.|
|Weighing the pros, cons of long-term-care coverage
January 30, 2015—Matt discusses important considerations to make when weighing the pros and cons of long-term-care coverage. Given that 70 percent of people turning 65 can expect to need some type of long-term care, he notes that its benefits far outweigh its cost. “Why wouldn’t you be willing to pay five grand a year for a five-grand-a-month benefit?,” he adds.
|Here’s what happens to retirees who treat their IRA savings like the lottery
January 20, 2015 – Dave discusses the implications of dipping into your IRA savings before retirement, and why it should be avoided in most cases. “Some retirees look at their lifetime savings as a lottery winning, but in reality, this money is there to provide them the annual income they need for the rest of their lives. Without care and consideration, you will be left with only Social Security to survive on,” Dave notes.
|The IRA at 40: Has it lived up to its promise?
January 14, 2015 – The IRA is celebrating its 40th anniversary this year, and much has changed since it was first implemented in 1974. Dave discusses the differences between the IRA then and now, as well as what the future may hold for this influential savings vehicle.
|New Year’s Considerations for Retirement Planners
January 12, 2015 – There have been a number of big changes in the retirement planning industry this year, including IRA rollover reductions and the introduction of the myRA. Dave discusses these changes as well as other considerations for pre-retirees in 2015. “The most important thing is to make sure you’re building a bigger safety net as you build a bigger pie,” Dave notes.
|10 Financial Steps that Will Set You Up for 2015
January 9, 2015 – Dave discusses steps you should take to set yourself up for financial success in 2015, such as increasing your 401(k) contribution and adjusting it upward as a set dollar amount versus a percentage. “If you’re not, you’ll be saving less as a percentage and may eventually drop below the minimum contribution to receive a match from your company,” he notes.
|Share Blessings Through Charitable Giving
December 18, 2014 – Dave is featured in an article discussing the different options for charitable giving this holiday season, as well as tips to ensure your charity of choice is deserving of your donation. “The best kind of giver is the informed giver, as they donate their money but hold the charity accountable for what they receive,” he notes.
|Your End of Year Financial ChecklistDecember 2, 2014 – Dave Richmond discussed end-of-year financial tasks to tackle including taking your required minimum distribution from your IRA and evaluating whether or not you should consider a Roth conversion.|
|Is Oil Making a Comeback? (Video Clip)
December 1, 2014 – Dave Richmond appeared on Fox Business After the Bell to discuss what will continue to impact the current bull market, specifically in the small cap arena. “Fundamentals are good and continue to drive earnings and operating profits, which is what is driving the markets,” Dave noted.
|See How Far They’ve ComeDecember 2014—Matt Curfman’s experience as a financial planner and his work with Richmond Brothers’ clients is featured in the December issue of Jackson Magazine. Matt started as an intern when he was 17, and was one of the youngest candidates to become a Certified Financial Planner. He has grown with the company and is now a joint owner and senior vice president. “I enjoy working with people and seeing the smiles on their faces when I explain how I can help them retire,” he shared.|
|MoneyLife MarketCall with Chuck Jaffe
November 4, 2014—Dave Richmond spoke with Chuck Jaffe about his investing approach and his current market likes and dislikes. When asked about when it makes sense to sell, Dave stressed the importance of knowing why the market environment and thesis to why it was bought changed. “You can lose way more money than you can ever make, so you don’t want to hurt returns—you have to protect your downside,” Dave notes.
Please note: The opinions expressed in this clip are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional.
|Strategies Arise to Take Advantage of New IRS After-Tax RolloverSeptember 24, 2014—In light of the new IRS after-tax rollover guidelines, Dave Richmond discusses what this means for plan sponsors and employers, as well as who will benefit. “There are a lot of people who aren’t the upper echelon executives, and who might be middle management, and this is good for them,” he notes.|
|Retiree Health Care: Is Long-Term Care Insurance an Answer?September 9, 2014—Dave Richmond discusses the importance of planning for long-term care insurance, whether you have the money to self-fund or whether you buy long-term insurance. Dave stresses that the cost of not planning ahead can be huge, and can wipe out entire savings if you aren’t careful.|
|What Social Security Will Look Like When You Retire
September 22, 2014—Dave Richmond shares his thoughts on how social security might change in the future. Dave advises planning for three different scenarios— receiving all, some or none of your social security benefits.
|Retirees and 401(k)s: Big Money, Big Decisions
August 26, 2014—Dave Richmond discusses the importance of your 401(k) as you reach retirement, and why it shouldn’t be overlooked. Dave notes that the main goal of your 401(k) is to make sure you have gold in your golden years.
|Your New Retirement Number: $58,000August 6, 2014 – Dave Richmond comments on survey findings of average pre-retirement income. Dave points out its easier than you think to live on a smaller percentage of replacement income if you enter retirement debt-free.|
|How comfortable are you with your finances? (Video Clip)August 4, 2014 – Matt Curfman discusses lesser known tips for saving in this short video clip for Money Monday.|
|Roadmap to Financial FreedomAugust 2014 – Matt Curfman shares his most important advice when it comes to financial planning—don’t procrastinate!|
|Market due for a pullback? (Video Clip)
July 30, 2014 – David Richmond spoke with Fox Business After The Bell about Richmond Brothers’ biotech picks.In addition, Dave covered thoughts on Whole Foods and Kraft as the 2nd Quarter earnings were released in this video.
|When Aging Parents Need Financial HelpJuly 29, 2014 – Dave Richmond discusses the importance of keeping open communication between siblings regarding parent’s finances.|
|How to declare your financial independenceJune 24, 2014 – Dave Richmond explains why Richmond Brothers’ personalized approach to managing money is most beneficial for clients.|
|How to launch a financially successful adultJune 19, 2014 – Matt Curfman discusses the difficult but necessary realities parents need to confront when financially emancipating their adult children.|
|Is the market overdue for a correction? (Video Clip)
June 16, 2014 – David Richmond shares his optimism about the market and economy. He sees tremendous upside in small-cap biotech stocks and is beginning to look at ‘market leading’ companies in Europe.
|Market Call with David RichmondJune 13, 2014 – Dave discusses the principles behind Richmond Brothers’ investment approach and shares insight on investments that are poised for aggressive growth and catalysts for change.|
|Clients Who Care for Aging ParentsMay 27, 2014 – Dave Richmond discusses the importance of maintaining communication among family members when handling the long-term care decisions for elderly parents and shares his advice for families to balance the emotional and financial implications.|
April 1, 2014 – Matt Curfman discusses tax-efficient planning strategies for near retirees when planning for their retirement and leaving a legacy.
|Estate Benefits of Roth IRAs Curtailed in Obama Budget
March 6, 2014 – Matt Curfman talks about the proposed changes to IRA rules under President Obama’s 2015 budget outline.
|Creating A Happy Retirement
February 24, 2014 – Matt Curfman discusses his thoughts on how to create a happy retirement outside of money.
|Saving for your aging parents: an easy guide to where to start
January 30, 2014 – Dave Richmond discusses how to gauge the long term care plans and risks faced by elderly parents.
|Should You Convert Your IRA to a Roth?
December 8, 2013 – Dave Richmond discusses the tax and estate planning benefits of converting to a Roth IRA.
November 27, 2013 – Dave Richmond shares his story on how to find success both professionally and through charity work in Senior Market Advisor’s December feature.
|Boomers Need to Talk About Long-Term CareNovember 27, 2013 – Matt Curfman discusses concerns regarding long-term care options for boomers approaching retirement age.|
November 4, 2013 – Dave Richmond offers his thoughts to Financial Advisor Magazine on how retirees can find a middle ground between charitable giving goals and the need for retirement income.
October 31, 2013 – Matt Curfman writes about the range of options available to help fit college planning into your overall financial plan.
October 28, 2013 – Dave Richmond provides his thoughts on how the mass affluent are turning their financial priorities from short term debt to long term planning.
|What retirees should do when the kids come back
October 22, 2013 – Matt Curfman offers his thoughts to USA Today on adult children moving home with retiree parents and how to plan around this financially.
|Charitable Donation Tips for Boomers
August 29, 2013 – Dave Richmond offers advice to charitable baby boomers in a Q&A dedicated to philanthropic best practices.
|BDCs Still a Swell Spot for YieldAugust 2, 2013 – David Richmond discusses alternative assets and how they fit the needs of Richmond Brothers’ clients.|
|Stocks Slump on Disappointing Jobs DataAugust 2, 2013 – David Richmond talks about recent drivers behind the market’s continued rise and seasonal trends .|
|How to Know When You Should Claim Social Security Benefits
August 1, 2013 – Dave Richmond discusses how boomers can make an informed decision on when to start Social Security benefits.
|The Social Security mistake that costs retirees thousandsJuly 31, 2013 – Dave Richmond addresses maximizing Social Security benefits and the potential obstacles that retirees face.|
|Haven’t Saved Enough for Retirement? What to do?July 1, 2013 – David Richmond discusses strategies near retirees can take to increase their retirement income.|
|How College Grads Can Improve Money Management SkillsJune 10, 2013 – David Richmond discusses the benefits for new grads to start contributing to a 401(k) plan early.|
|When to Start Taking Social Security BenefitsMay 31, 2013 – David Richmond addresses the many different ways to claim Social Security and the advantages of waiting until age 70 to start drawing benefits.|
|GDP Report Reflects Economy Stuck in Low GearMay 30, 2013 – David Richmond discusses the impact of the Fed’s quantitative easing policy on a recovering economy.|
|Saving for Short-Term and Long-Term GoalsMay 24, 2013 – Matt Curfman highlights the importance of utilizing a retirement vehicle that includes an employer match, such as a 401(k) or 403(b).|
|Last-Minute Tax Checklist: 15 Things to Do by April 15March 22, 2013 – David Richmond addresses the tax benefits of contributing to an IRA.|
|The Best Way to Spend (or Not) Your Tax RefundMarch 19, 2013 – David Richmond addresses the importance of evaluating and understanding your tax withholdings.|
|The Big Tax Shelter Many Financial Planners OverlookMarch 15, 2013 – David Richmond discusses the importance of having long-term strategies for building and managing home equity.|
|8 Smart Ways to Lower Your Taxes in RetirementMarch 13, 2013 – Matt Curfman discusses ways to lower your taxes in retirement and the benefits of a Roth IRA conversion.|
|Legacy, Estate Planning as Important as RetirementFebruary 27, 2013 – David Richmond discusses the importance of education when it comes to legacy planning and ensuring assets are passed on to future generations|
|When to Take Social SecurityJuly 21, 2012 – Matt Curfman and Richmond Brothers clients are featured in this article regarding the file and suspend strategy with Social Security.|
|Your Advisor Did What!?July 13, 2012 – Matt Curfman shared information about software Richmond Brothers uses to help married couples determine the maximum Social Security benefits they can extract across their life expectancies.|
|Annual benefit in Jackson will raise funds for orphanage in the PhilippinesApril 5, 2011 – Dave Richmond quoted as a sponsor of The Lingap Children’s Foundation|
|Tax Relief Act: Four retirement moves to makeFebruary 14, 2011 – Matt Curfman suggests what you might do with your retirement accounts in the wake of the 2010 Tax Relief Act.(also published in SunSentinel)|
|Richmond Brothers in Napoleon Township keeps growing through word of mouthOctober 11, 2010 – Company profile featuring Richmond Brothers|
|The 10 vital things you need to know about inherited IRAsNovember 12, 2009 – Matt Curfman quoted regarding some of the most important things you need to know about inheriting IRAs.|
|Building a World Class Financial Advisory FirmSeptember 20, 2010 – David Richmond and his vision of building a world class advisory firm featured in article written by Norm Trainor, Founder and CEO of The Covenant Group.|
|“Saving & Investing Tips for the Under-30 Set”June 2009 – Matthew Curfman shares smart ways to save for those 30 years of age and under.|
|Matthew Curfman honored as 30 Under 30|
|David Richmond honored with Crockett Award|
|Richmond Brothers Assists with JCC Scholarship|
|Wilbur Dungy Endowment Contribution|