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What’s In the Works for 2009? Presented by: David S. Richmond, CLU, ChFC Chairman & Chief Investment Officer Matthew J. Curfman, CFP® Senior Vice President.

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Presentation on theme: "What’s In the Works for 2009? Presented by: David S. Richmond, CLU, ChFC Chairman & Chief Investment Officer Matthew J. Curfman, CFP® Senior Vice President."— Presentation transcript:

1 What’s 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

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

3 Richmond Brothers offers securities through Sammons Securities Co.®, LLC, member FINRA/SIPC. The broker/dealer for Midland National’s variable products is Sammons Securities Co. Sammons Securities Co. is a registered broker/dealer under the Securities Exchange Act of 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 National’s variable products is Sammons Securities Co. Sammons Securities Co. is a registered broker/dealer under the Securities Exchange Act of Sammons Securities Co. is an indirect wholly owned subsidiary of Sammons Enterprises, Inc., of Dallas, Texas, the ultimate parent company of Midland National. Disclosures

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

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

6 Disclosures (cont.) This is a public forum This is a public forum –We will cover topics and answer questions that are relevant to everyone’s 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) for Sally and she will set a conference with Dave or Matt

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

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

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 with your feedback Please with your 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)

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.

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.

12 2009 Tax Issues No RMDs for those 70 ½ and older No RMDs for those 70 ½ and older 401(k) contributions are $16, (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.

13 Review of 2008 Source: Note: It is not possible to invest directly in an index. Historical Performance Summary of S&P 500 Index

14 Review of 2008 Source:www.istockanalyst.com/article/viewarticle+articleid_ html#www.istockanalyst.com/article/viewarticle+articleid_ html# Note: It is not possible to invest directly in an index. Historical Performance Summary of S&P 500 Index

15 Source: 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

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:

17 Review of 2008 Commodities weren’t any better… Commodities weren’t any better… Source:

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:

19 Review of 2008 Bond Indexes Bond Indexes Source: Note: It is not possible to invest directly in an index.

20 Review of 2008 Federal Funds Rate Source:

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.

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: Most “experts” predict recovery in 2010 Most “experts” predict recovery in 2010 (Source: (Source: Recession’s end unknown Recession’s 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.

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.

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.

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.

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.

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.

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.

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 Board’s history Securities offered through Sammons Securities Company, LLC Member FINRA/SIPC

30 Thank You For Joining Please with any feedback about this evening’s discussion Please with any feedback about this evening’s


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