Customized Investment Portfolios
At Cornerstone Financial, we specialize in investment management. We use our unique first-hand experience and unrestricted trading access to the major U.S. stock exchanges to implement investment strategies that fuel our clients’ financial goals.
You can have the best laid out financial plan, but without the proper vehicle to get you there, your plan is bound to fail. This is what sets us apart from other firms. We do not use “off-the-shelf” model-based portfolios. Every investment portfolio is uniquely built and personalized for your specific journey.
Retirement Planning
We believe your retirement years should be some of the very best years of your life. It is never too early to start saving for retirement, and conversely, it is never too late. We partner with you to establish a holistic plan that supports your unique vision and timeline for retirement. Whether you are in the accumulation or distribution phase, we have the necessary tools to see you through.
Retirement planning also involves specific decisions that impact taxes and your overall success. Among these decisions is the timing of claiming social security retirement benefits, determining the appropriateness of Roth conversions to lower future required minimum distributions, and the impact of total taxable income on the taxability of social security retirement benefits. Carefully considering these tax planning strategies can help lower your taxes or position you for a tax-free retirement and are critical toward the success of your retirement plans.
Estate Planning
Taking care of your heirs is one of the best gifts you can give your family. This can only be accomplished through a deliberate and intentional estate plan. While no one likes to think about their mortality, starting early can make all the difference. Having a solid estate plan can protect your assets from going into probate, reduce tax risk for your heirs, and ensure that your assets are distributed in the way you want them to be.
We help you plan for and facilitate this transfer of wealth to your designated beneficiaries and then serve them and their financial needs after you pass. The goal is to ensure that your beneficiaries will receive these assets according to your wishes and in a way that is tax- advantaged.
College Planning
Saving for college is much more than tucking away money. We believe a sound college savings plan involves maximizing all other available resources before using straight cash to pay for college tuition.
There are specific accounts, programs, financial aid, and tax strategies to consider. We walk you through these various options and help you identify which plan is best suited for you.
Tax Planning
Mitigating the effects of tax liability on your investments is a critical step in creating financial stability. This can be done in several ways. We examine tax-efficient investments, offsetting gains, withdrawal timing, and account types. Through this approach, we can ensure that taxes do not erode your investment earnings or principal.
While we do not give specific tax advice, we make every effort to position our clients' investments and retirement assets in the most tax- efficient manner.