Monthly Archives: August 2015


21

Aug 2015

Understanding Uncle Sam: Visionary or Historian?

Our tax code is far from simple, but it does include breaks for those who employ the strategies to take advantage of them. Many people do not take full advantage of the tax code as it is written. Not only do they unnecessarily pay more in taxes than they are required, but an even greater concern is that they could be making decisions today that...

Read More


18

Aug 2015

The Four Phases of Financial Planning: Part Two

Some of the financial industry focuses on the “solutions” aspect of the framework—that is, specific products that may or may not meet the goals and timing that the client hopes to achieve. Customers end up feeling that they are being sold something. They become defensive and numb to the sales pitches, which ignore the discovery, planning, and monitoring phases. As I tell clients, everything looks...

Read More


13

Aug 2015

Why I Wrote A Book About It!

Myself, and the entire team, at Cornerstone Financial Strategies enjoy helping people make smart choices about their money for the reasons that are important to them. Our clients appreciate the clarity and simplicity that come from working with trusted advisors who serve as the head coach of their team of professionals, orchestrating the individual expertise of each subject matter specialist for their benefit.


12

Aug 2015

The Three Varieties of Tax Treatment

This is my advice for most of clients: In your accumulation years, do all you can to get as much money as possible into your employer plan, and then we’ll talk about what’s next. You will have plenty of opportunities ahead, but it’s important to understand that assets come in three varieties when it comes to tax treatment. Whether an asset is always-taxed, tax-deferred, or...

Read More


11

Aug 2015

Live Your Ideal Life

Before you do or buy or plan anything, you should ask yourself why—and whether you are meeting the standards you have set for yourself and your family. At Cornerstone Financial Strategies, we would like to help you identify what your family’s dreams might be and to start planning together with the goal to make them happen. You should strive to you live your “Ideal Life”...

Read More


07

Aug 2015

Beware of Sequence of Return Risk

We all know the story of the tortoise and the hare. The media love the hare. The tortoise is boring. But we all know who wins in the end. Steady and slow. The race isn’t to the swift. While establishing your plan for withdrawing from investments, beware of the impacts of “sequence of return.” The timing of your good and bad years makes a major...

Read More


06

Aug 2015

Your Ideal Life Tip: It’s Impossible to Time the Market

I once had the opportunity to meet Peter Lynch, the venerable manager of the Fidelity Magellan Fund, when he spoke at a conference. You may recall that during the tech boom of the ‘90s, day trading was popular. Lynch’s take on day trading was that people would be better off going to a casino—the results are about the same, and there’s a lot less paperwork....

Read More


05

Aug 2015

Should I Have Life Insurance?

While you’re accumulating an estate, you need to protect against the fact that you don’t yet have an estate. In other words, you still want to provide dollars for your survivors even if you do not have time to accumulate enough money to provide for them. You want to meet their basic needs as well as assist them in achieving goals. Life insurance companies are...

Read More


04

Aug 2015

What Is Above the Grass Planning™?

Do you have a plan prepared in the event you are still alive but unable to act on your own behalf? Who is going to handle your affairs? This process of planning for your future by establishing the necessary foundational legal documents is what we like to refer to as, Above the Grass Planning™. You cannot just assume that it will be your closest loved...

Read More


04

Aug 2015

The Four Phases of Financial Planning: Part One

What does financial planning look like? You know you need to do something to prepare for retirement, but what might that be? Let’s talk about the four components of financial planning that make up the framework for success. They are: discovery, planning, solutions, and monitoring. Some people in financial services focus on just a few, or one, of these components. Then there are some that...

Read More