Author - cornerstonews

CORNERSTONE ADDS VETERAN FINANCIAL ADVISOR – JOEL OCKEY

Joel Ockey, Wealth Advisor In May 2020 Cornerstone Wealth Strategies, Inc., a full-service independent financial planning firm based in Kennewick, Washington, proudly announced the addition of Joel Ockey to its firm. Joel will be working with Cornerstone to provide clients with invaluable financial guidance as an experienced wealth advisor. Cornerstone currently offers clients within the Tri-Cities community a range of services to include retirement planning, financial planning, investment management, and estate planning. Cornerstone has developed a team approach to assisting clients...

MATTHEW RIESENWEBER RECOGNIZED BY BARRON’S AS ONE OF AMERICA’S TOP FINANCIAL ADVISORS

KENNEWICK, WA— April 2020– Matthew Riesenweber, an independent LPL Financial advisor in Kennewick, WA has been recognized as one of the 2020 Top 1,200 Financial Advisors in America, as ranked by Barron’s. Riesenweber, President and Wealth Advisor of Cornerstone Wealth Strategies was recognized as the 20th advisor in Washington. The annual list highlights outstanding financial advisors from all 50 states based on data provided by more than 4,000 financial professionals around the nation, according to Barron’s. Advisors were assessed on...

November 1 Begins Open Enrollment for Health Insurance Marketplaces

Beginning on November 1, 2019, individuals (including families) may apply for new health insurance, switch to a different health-care plan, or re-enroll in their current plan through a Health Insurance Marketplace under the Affordable Care Act (ACA). The open enrollment period for 2020 health coverage ends on December 15, 2019. If you don't apply for health insurance during the open enrollmment period - and don't qualify for special enrollment - your options are generally limited to employer-based coverage or purchasing...

New Transfer on Death Deed Avoids Probate and Seamlessly Transfers Land

One of the challenges facing an individual that owns property outside of his or her state of residence is the fact that a person’s estate generally must go through probate in the state of residence and any state where the deceased person owned real property. A relatively new law is making it simpler and less costly to avoid a secondary (aka “ancillary”) probate through the use of a Transfer on Death Deed. Each state is governed by its own laws. This can make planning for assets...

The Invisible Hand Steering Education: The Education Trust

Of course, there are many options available to pay for the education of a loved one. There are direct gifts, state-sponsored 529 plans, and educational savings accounts, to name a few. But, if a person both wants to use funds that are not available until after death and wants to influence how the money is spent with specified criteria, an education trust might be the best option. The education trust envisioned in this article is of the variety that is contained in your Last Will...

The Private Family Foundation

Financially successful individuals often contemplate the highest and best use of their assets. In some cases, those same individuals have decided that the natural objects of their bounty (i.e. the children) already have enough resources or that mom and pop have otherwise adequately provided for their children. Alternatively, some of the successful individuals have no apparent heirs to inherit the assets. If these same successful individuals are charitably-minded, the private foundation is an excellent option to fulfill the individual’s...

MIDYEAR OUTLOOK 2019

The LPL Research Midyear Outlook 2019: FUNDAMENTAL: How to Focus on What Really Matters in the Markets is here to provide economic and market guidance as well as investment recommendations to help us navigate the second half of 2019. LPL Financial Research believes that even as investors face prospects for periodic bouts of volatility, emphasizing fundamentals will remain critical for making effective investment decisions. LPL Financial Research’s Midyear Outlook 2019 provides updated views of current fundamentals and factors that should...

NAVIGATING THE MARKETS

By LPL Research Portfolio Compass The Portfolio Compass provides a snapshot of LPL Research’s views on equity, equity sectors, fixed income, and alternative asset classes. This monthly publication illustrates LPL Research's current views and will change as needed over a 3- to 12-month time horizon. COMPASS CHANGES Upgraded precious metals view to neutral from negative/neutral. INVESTMENT TAKEAWAYS Expectations for solid but slower growth in the U.S. economy and corporate profits support our year-end 2019 fair value target for the S&P 500 of 3000.*We maintain...

Choosing an Income Tax Filing Status

Selecting a filing status is one of the first decisions you'll make when you fill out your federal income tax return, so it's important to know the rules. And because you may have more than one option, you need to know the advantages and disadvantages of each. Making the right decision about your filing status can save money and prevent problems with the IRS down the road. The five filing statuses and how they affect your tax liability Your filing status...