Welcome....
Richard E Murphy Co. is an independent wealth management practice located in Scarborough, Maine.
We provide personalized investment management services to private individuals and families through LPL Financial, a Fortune 500 company. Through LPL we have access to a range of investment products, such as stocks, bonds, exchange-traded funds (ETFs), mutual funds, annuities, and alternative investments, and investment management platforms.
Take time to explore hundreds of trending educational videos and articles on this website. Download the latest Weekly Market Comment or visit the LPL Research blog for daily market calls. But, in our opinion of course, nothing replaces the value of having cultivated a long-time relationship with your own dedicated personal financial advisor. We think it’s important to get started as soon as you can.
Helpful Content
How to Make the Tax Code Work for You
When you take the time to learn more about how it works, you may be able to put the tax code to work for you.
How Stocks Work
Understanding how a stock works is key to understanding your investments.
Insuring Your Second Home
There are unique risks of owning a second home and obtaining the proper coverage may protect you from financial risk.
Getting a Head Start on College Savings
A few strategies that may help you prepare for the cost of higher education.
Glossary of Scam Terms
A helpful glossary of current scams.
Social Security: Five Facts You Need to Know
Here are five facts about Social Security that are important to keep in mind.
Retiree Health Care Coverage Overseas
Retirees traveling abroad need to know that their health insurance travels with them.
The Financial Literacy Crisis
Many Americans are operating their personal finances with only the barest minimum of knowledge.
Understanding Extended Care
Understanding the types of extended care services—and what those services could cost—may be critical.
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How Long Will Your Money Last?
See how long a lump sum of savings could last based on your withdrawal rate and return.
Simple 401k
See how increasing your 401(k) contributions today could affect your balance at retirement.
How Compound Interest Works
Explore how compound interest can grow your money over time with this interactive tool.
Assess Your Life Insurance Needs
Estimate how much life insurance coverage may be appropriate for your situation.
Estimate Your RMD
Calculate your required minimum distribution amount based on your account balance and age.
How Much Home Can I Afford?
Estimate how much home may fit within your budget based on income and expenses.
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The Cycle of Investing
Understanding the cycle of investing may help you avoid easy pitfalls.
It Was the Best of Times, It Was the Worst of Times
All about how missing the best market days (or the worst!) might affect your portfolio.
Inflation and Your Portfolio
Even low inflation rates can pose a threat to investment returns.
Once Upon a Goal
Do you know how to set up your financial goals for success? This knight does.
The Rule of 72
Do you know how long it may take for your investments to double in value? The Rule of 72 is a quick way to figure it out.
How to Bake a Pie-R-A
Roth IRAs are tax-advantaged differently from traditional IRAs. Do you know how?