Richmond Brothers in the Media
Don't let our laid-back style fool you: at Richmond Brothers, we know our stuff. Our company, market insights, and investing tips have been highlighted in a variety of distinguished news outlets, magazines, and websites.
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.”
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.
The risk of waiting
February 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.
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 Come December 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.
Strategies Arise to Take Advantage of New IRS After-Tax Rollover September 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.
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