Posts by Cornerstone Retirement Group

4 Tips to Lower Taxes in Retirement

The number one fear of retirees today is running out of money in retirement. And reasonably so, as retirement is like spending 20 to 30 years in unemployment. A recent study found that the average American between ages 55 and 64 have saved $104,000 for retirement. Have you calculated how much you will need to retire? There are many factors…

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Importance of Having a Tax Review

Tax returns provide a tremendous amount of information about your financial situation, giving you the chance to identify future planning opportunities. Often times, we find that most people complete their tax return and simply file it away. Do you ever wonder if you could be doing something different to legally reduce your tax burden now and in the future?…

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Does Your Portfolio Need CPR?

The financial decisions you make now are reflective of your financial success in the future. Achieving financial security in retirement starts with making smart choices. And I believe making smart choices begins with a Complete Plan Review (CPR), where you start by learning the questions to ask, and the problems to solve, before you move forward and make those important…

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Recent Ruling: Is Your Advisor Working in Your Best Interest?

The Department of Labor recently issued new regulations that will require financial advisors and brokers handling individual retirement and 401(k) accounts to act in the best interests of their clients. Many consumers assume the individuals and firms investing their money are operating under the same legal and ethical standards as a doctor, who must provide the very best advice, when…

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Are Your Beneficiaries Up-to-Date?

Typically, when you establish your Living Trust, planning your Estate does not stop there. Generally speaking, the Living Trust you create does not control the distribution of assets like your retirement accounts, Annuities or Life Insurance Policies. Assets such as these have a Beneficiary Designation Form (BDF), and these forms control the distribution of your…

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Is Your Financial Advisor a Tax Deduction?

Allow me to explain what this means.  Investment management fees are a tax-deductible expense.  They can be reported on Line 23 under Schedule A, Itemized Deductions, subject to 2% of your adjusted gross income.  The Internal Revenue Service allows you to deduct certain investment expenses incurred on your taxable investments.  These types of deductible expenses include costs associated with paying for professional…

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Where is the Market Headed?

We have received calls recently from individuals concerned about the markets and whether their portfolios are positioned well to handle the current market uncertainty and recent volatility. Year-to-date, the DOW is down -5.72% and the media has shared recent hype on different aspects that may be impacting the market volatility, including: the slide in the price of oil, China’s slowing growth,…

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