Whats In the Works for 2009? Presented by: David S. Richmond,
CLU, ChFC Chairman & Chief Investment Officer Matthew J.
Curfman, CFP Senior Vice President of Investment Services Presents
Securities offered through Sammons Securities Company, LLC Member
FINRA/SIPC Slide 2 Disclosures Richmond Brothers is a licensed
Investment Advisor Representative in the states of MI, AZ, CA, CO,
FL, GA, IA, IN, KS, KY, MN, NC, NY, OH, TX Richmond Brothers is a
licensed Investment Advisor Representative in the states of MI, AZ,
CA, CO, FL, GA, IA, IN, KS, KY, MN, NC, NY, OH, TX Licensed to sell
securities, annuities, & insurance Licensed to sell securities,
annuities, & insurance Affiliated with Sammons Securities Co.,
LLC, member FINRA/SIPC & Midland National Affiliated with
Sammons Securities Co., LLC, member FINRA/SIPC & Midland
National Richmond Brothers Financial Management Specialists, Inc.
offers securities through Sammons Securities Co., LLC, member
FINRA/SIPC Richmond Brothers Financial Management Specialists, Inc.
offers securities through Sammons Securities Co., LLC, member
FINRA/SIPC Fee-based investment advisory services offered through
Sigma Planning Corporation, a registered investment advisor
Fee-based investment advisory services offered through Sigma
Planning Corporation, a registered investment advisor Slide 3
Richmond Brothers offers securities through Sammons Securities Co.,
LLC, member FINRA/SIPC. The broker/dealer for Midland Nationals
variable products is Sammons Securities Co. Sammons Securities Co.
is a registered broker/dealer under the Securities Exchange Act of
1934. Sammons Securities Co. is an indirect wholly owned subsidiary
of Sammons Enterprises, Inc., of Dallas, Texas, the ultimate parent
company of Midland National. Richmond Brothers offers securities
through Sammons Securities Co., LLC, member FINRA/SIPC. The
broker/dealer for Midland Nationals variable products is Sammons
Securities Co. Sammons Securities Co. is a registered broker/dealer
under the Securities Exchange Act of 1934. Sammons Securities Co.
is an indirect wholly owned subsidiary of Sammons Enterprises,
Inc., of Dallas, Texas, the ultimate parent company of Midland
National. Disclosures Slide 4 This is not intended to be a sales
seminar. The purpose of this Webinar is to provide you with general
information on current tax issues, economic happenings, and
investment strategies This is not intended to be a sales seminar.
The purpose of this Webinar is to provide you with general
information on current tax issues, economic happenings, and
investment strategies There will be an opportunity to schedule an
appointment for an individual consultation at the end of this
Webinar which may result in a recommendation of specific financial
products that may help you achieve your financial goals There will
be an opportunity to schedule an appointment for an individual
consultation at the end of this Webinar which may result in a
recommendation of specific financial products that may help you
achieve your financial goals There is no obligation to schedule an
appointment or purchase a product There is no obligation to
schedule an appointment or purchase a product Disclosures Slide 5
Disclosures No specific recommendations about any investment will
be made No specific recommendations about any investment will be
made Not all investments will be appropriate for your situation Not
all investments will be appropriate for your situation Please
consult your financial representative There are no guarantees on
investments or predictions made by Richmond Brothers There are no
guarantees on investments or predictions made by Richmond Brothers
Slide 6 Disclosures (cont.) This is a public forum This is a public
forum We will cover topics and answer questions that are relevant
to everyones situation Should this Webinar prompt a question about
your personal situation, please contact your financial consultant
Should this Webinar prompt a question about your personal
situation, please contact your financial consultant Call (877)
467-2367 for Sally and she will set a conference with Dave or Matt
Slide 7 Agenda Why are we having this Webinar? Why are we having
this Webinar? 2008 & 2009 Tax Issues 2008 & 2009 Tax Issues
Review of 2008 Review of 2008 Richmond Brothers Perspective on 2009
Richmond Brothers Perspective on 2009 Strategies for Surviving 2009
Strategies for Surviving 2009 Slide 8 Why the Webinar? Allow
regularly scheduled updates with clients to be more efficient Allow
regularly scheduled updates with clients to be more efficient
Provide updates that time may not otherwise allow Provide updates
that time may not otherwise allow Keep you updated on all the
change occurring in this dynamic world Keep you updated on all the
change occurring in this dynamic world Another way for you to know
why Richmond Brothers thinks the way we do and ultimately how that
affects YOUR MONEY Another way for you to know why Richmond
Brothers thinks the way we do and ultimately how that affects YOUR
MONEY Slide 9 What About Future Webinars? We want YOU to help us
shape the upcoming bi-monthly Webinars We want YOU to help us shape
the upcoming bi-monthly Webinars Please e-mail
[email protected] with your feedback Please e-mail
[email protected] with your
[email protected] We welcome all comments on the
Webinars as well as suggestions for upcoming topics (must be
general in nature) We welcome all comments on the Webinars as well
as suggestions for upcoming topics (must be general in nature)
Slide 10 Tax Issues Note: Richmond Brothers DOES NOT provide tax
advice. Please consult a tax professional for any tax questions you
may have. Note: Richmond Brothers DOES NOT provide tax advice.
Please consult a tax professional for any tax questions you may
have. Slide 11 2008 Tax Issues Capital Gains taxes reduced for 2008
Capital Gains taxes reduced for 2008 Sammons Securities sent out
1099s on or before 2/17/09 Sammons Securities sent out 1099s on or
before 2/17/09 Wait to file taxes on or after March 1, 2009, if you
are receiving a K-1 Wait to file taxes on or after March 1, 2009,
if you are receiving a K-1 If you own a REIT, a portion of your
dividend is not taxable due to depreciation If you own a REIT, a
portion of your dividend is not taxable due to depreciation Please
give Richmond Brothers at least 5 days to process IRAs to ensure
coding for 2008 Please give Richmond Brothers at least 5 days to
process IRAs to ensure coding for 2008 Please consult a tax
professional for any tax questions you may have. Slide 12 2009 Tax
Issues No RMDs for those 70 and older No RMDs for those 70 and
older 401(k) contributions are $16,500 401(k) contributions are
$16,500 Catch up 401(k) contributions for those 50 and up are
$5,500 Catch up 401(k) contributions for those 50 and up are $5,500
IRA & Roth IRA contributions same as 2008 ($5,000 and $1,000
catch up) IRA & Roth IRA contributions same as 2008 ($5,000 and
$1,000 catch up) Please consult a tax professional for any tax
questions you may have. Slide 13 Review of 2008 Source:
http://www.icmarc.org/xp/rc/marketview/chart/2008/20080502SP500HistoricalReturns.htmlhttp://www.icmarc.org/xp/rc/marketview/chart/2008/20080502SP500HistoricalReturns.html
Note: It is not possible to invest directly in an index. Historical
Performance Summary of S&P 500 Index Slide 14 Review of 2008
Source:www.istockanalyst.com/article/viewarticle+articleid_2803347.html#www.istockanalyst.com/article/viewarticle+articleid_2803347.html#
Note: It is not possible to invest directly in an index. Historical
Performance Summary of S&P 500 Index Slide 15 Source:
http://www2.standardandpoors.com/spf/pdf/index/123108_WorldbyNumbers-Report.pdfhttp://www2.standardandpoors.com/spf/pdf/index/123108_WorldbyNumbers-Report.pdf
Review of 2008 S&P BMI Global Sorted by 2008 Results December
31, 2008 S&P BMI Global Sorted by 2008 Results December 31,
2008 Slide 16 Review of 2008 S&P BMI Global Sorted by 2008
Results December 31, 2008 S&P BMI Global Sorted by 2008 Results
December 31, 2008 Source:
http://www2.standardandpoors.com/spf/pdf/index/123108_WorldbyNumbers-Report.pdfhttp://www2.standardandpoors.com/spf/pdf/index/123108_WorldbyNumbers-Report.pdf
Slide 17 Review of 2008 Commodities werent any better Commodities
werent any better Source:
http://online.wsj.com/article/SB123084176555847145.htmlhttp://online.wsj.com/article/SB123084176555847145.html
Slide 18 Review of 2008 U.S. Dollar relatively strong once rest of
the world understood this was global U.S. Dollar relatively strong
once rest of the world understood this was global Source:
http://online.wsj.com/article/SB123084176555847145.htmlhttp://online.wsj.com/article/SB123084176555847145.html
Slide 19 Review of 2008 Bond Indexes Bond Indexes Source:
http://online.wsj.com/mdc/public/page/2_3061-mfq08_4_results.htmlhttp://online.wsj.com/mdc/public/page/2_3061-mfq08_4_results.html
Note: It is not possible to invest directly in an index. Slide 20
Review of 2008 Federal Funds Rate Source:
http://www.federalreserve.gov/releases/h41/hist/http://www.federalreserve.gov/releases/h41/hist/
Slide 21 Perspective on 2009 Rebuilding year with lots of
uncertainty Rebuilding year with lots of uncertainty Must ensure
solid balance on riskier asset classes Must ensure solid balance on
riskier asset classes Possible long-term opportunity: oil Possible
long-term opportunity: oil Opportunity exists, but risk is also
rampant Opportunity exists, but risk is also rampant These are the
views of Richmond Brothers Financial Management Specialists, Inc.
and should not be construed as investment advice. Please see your
financial professional for your situation. Slide 22 Perspective on
2009 (cont.) Dow Jones Dow Jones Closed at 8,800 or higher seven
times since November 28 th Closed at 8,200 or lower 18 times since
November 20 th Below 8,000 for eight days (Source:
http://www.google.com/finance?q=INDEXDJX:.DJI)
http://www.google.com/finance?q=INDEXDJX:.DJI Most experts predict
recovery in 2010 Most experts predict recovery in 2010 (Source:
http://www.detnews.com/apps/pbcs.dll/article?AID=/20090225/BIZ/902250376/1001)
(Source:
http://www.detnews.com/apps/pbcs.dll/article?AID=/20090225/BIZ/902250376/1001)
http://www.detnews.com/apps/pbcs.dll/article?AID=/20090225/BIZ/902250376/1001
Recessions end unknown Recessions end unknown We are preparing for
it to last until at least 2010 if not beyond These are the views of
Richmond Brothers Financial Management Specialists, Inc. and should
not be construed as investment advice. Please see your financial
professional for your situation. Slide 23 Strategies for 2009
Survival Survival Cash Flow Cash Flow Recovery Recovery These are
the views of Richmond Brothers Financial Management Specialists,
Inc. and should not be construed as investment advice. Please see
your financial professional for your situation. Slide 24
Strategies: Survival Ensure current investments have the balance
sheet and cash flow to survive Ensure current investments have the
balance sheet and cash flow to survive These are the views of
Richmond Brothers Financial Management Specialists, Inc. and should
not be construed as investment advice. Please see your financial
professional for your situation. Slide 25 Strategies: Cash Flow
Purposes: Purposes: Provide funds for any draw from the account
Help to diminish volatility Potential to regain paper loss These
are the views of Richmond Brothers Financial Management
Specialists, Inc. and should not be construed as investment advice.
Please see your financial professional for your situation. Slide 26
Strategies: Recovery Ensure holdings are solid & remain solid
Ensure holdings are solid & remain solid Ensure portfolio has
adequate cash flow, otherwise, may want to reduce draw Ensure
portfolio has adequate cash flow, otherwise, may want to reduce
draw Do NOT sell shares to get your draw Ensure portfolio has
capability of recovering when & if opportunity arises Ensure
portfolio has capability of recovering when & if opportunity
arises These are the views of Richmond Brothers Financial
Management Specialists, Inc. and should not be construed as
investment advice. Please see your financial professional for your
situation. Slide 27 Strategies: Recovery (cont.) Unless you like to
speculate, make sure to follow previous points Unless you like to
speculate, make sure to follow previous points Most importantly,
communicate regularly with your financial consultant Most
importantly, communicate regularly with your financial consultant
These are the views of Richmond Brothers Financial Management
Specialists, Inc. and should not be construed as investment advice.
Please see your financial professional for your situation. Slide 28
Q & A Session We welcome your questions at this time These are
the views of Richmond Brothers Financial Management Specialists,
Inc. and should not be construed as investment advice. Please see
your financial professional for your situation. Slide 29 Our
Credentials David S. Richmond, CLU, ChFC David S. Richmond, CLU,
ChFC Chairman & Chief Investment Officer In 2009, will graduate
with Masters of Science in Financial Services Matthew J. Curfman,
CFP Matthew J. Curfman, CFP Senior Vice President of Investment
Services One of youngest to receive CFP in the Boards history
Securities offered through Sammons Securities Company, LLC Member
FINRA/SIPC Slide 30 Thank You For Joining Please e-mail
[email protected] with any feedback about this evenings
discussion Please e-mail [email protected] with any
feedback about this evenings
[email protected]
