Tag - Financial Planning

Loans Against Investment Accounts

Though most Americans have at least a passing understanding of the ability to use the equity in a house to obtain a low-interest loan though a Home Equity Line of Credit (HELOC), a lesser-known option for obtaining a quick line of credit financing might offer more compelling benefits for some. The financing option is available to individuals or businesses that maintain a non-retirement investment account and may provide lower rates than comparable HELOCs with the potential for faster processing times. The...

When should I take Social Security?

One of the most important and common questions that retirees face is when to take social security benefits.  Regrettably, there is no “one-size fits all” solution to the question. The social security question has many considerations, but we hope to provide some thoughts to help guide the decision. As with all financial decisions, the Cornerstone team is always available to help plan for your specific situation. So, when should you take social security benefits? It starts with your retirement goals and...

MATTHEW RIESENWEBER RECOGNIZED BY FORBES AS TOP NEXT-GEN ADVISOR

Matthew Riesenweber, CFP® October, 2021 - Matthew Riesenweber at Cornerstone Wealth Strategies in Kennewick, WA was recently named among 2021 Forbes Top Next-Gen Wealth Advisors. Advisors featured on the list are all under 40 and, according to Forbes, represent the future of the wealth management industry. “On behalf of LPL, I congratulate Matt for his dedication to supporting the comprehensive needs of his clients,” said Angela Xavier, LPL executive vice president, Independent Advisor Services. “Matt represents the next generation of advisors leading...

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 by...

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 outside...

The Challenges of Timeshare Ownership

We have all been there. We take a glamorous vacation to Florida or Hawaii or Arizona or Mexico, and we are presented with the deal of a lifetime: a timeshare. Proponents of the timeshare declare it is an affordable way to own a slice of a dream property. Furthermore, often the owners can exchange their ownership to allow them to visit other luxury properties at other locations, domestic and abroad. It sounds like an easy decision to invest in the...

Cornerstone’s Third Annual Shred Fiesta 2019

The weather was beautiful, the food was deliciosa and the fun was had by all who attended our Third Annual Shred Fiesta. Over 100 people brought in almost 1,400 pounds of documents to be securely shredded on May 4th, 2019. Everyone enjoyed tacos, music, games, and good conversation.