Cornerstone Financial Advisory

JANUARY 8, 2024

Weekly Market Insights : New Years Blues Stocks retreated in the first trading week of 2024, struggling a bit after a celebratory end to last year as investors second-guessed Fed signals and fretted over lingering inflation concerns. Source: YCharts.com, January 6, 2024. Thursday: Jobless Claims. Consumer Price Index.

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Marketing Marketing Taxes Economics 84

Cornerstone Financial Advisory

APRIL 15, 2024

4 Source: YCharts.com, April 13, 2024. The start of Q1 earnings season reinforced inflation concerns as several leading money center banks—despite many beating expectations—forecasted lower growth for the remainder of 2024 due partly to inflation and higher-than-expected rates. 5,6 This Week: Key Economic Data Monday: Retail Sales.

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Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

FEBRUARY 5, 2024

2 Source: YCharts.com, February 3, 2024. Source: Investors Business Daily – Econoday economic calendar; February 2, 2024 The Econoday economic calendar lists upcoming U.S. PEP) Source: Zacks, February 2, 2024 Companies mentioned are for informational purposes only. This strong report did not negatively impact the markets.

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Marketing Marketing Taxes Economics 82

Cornerstone Financial Advisory

APRIL 1, 2024

All three of the major averages posted gains for Q1 2024. 4 Source: YCharts.com, March 30, 2024. Source: Investors Business Daily – Econoday economic calendar; March 27, 2024 The Econoday economic calendar lists upcoming U.S. This information is not intended to be a substitute for specific, individualized tax advice.

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Marketing Marketing Economics Taxes 52

Cornerstone Financial Advisory

JANUARY 2, 2024

” – Bertrand Russell Need Last Year’s Tax Returns? Help is available for taxpayers who need tax information for prior years but still need to keep copies of their returns. This is often the easiest way to get a copy of your tax returns. Order a tax transcript. “To conquer fear is the beginning of wisdom.”

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Taxes Investment Advisor Numbers Investing 83

Ballast Advisors

AUGUST 16, 2023

The IRS recently released the 2024 contribution limits for health savings accounts (HSAs), as well as the 2024 minimum deductible and maximum out-of-pocket amounts for high-deductible health plans (HDHPs). HSA contributions and earnings may or may not be subject to state taxes.) What’s changed for 2024?

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Accounting Numbers Medical Taxes 52

Ballast Advisors

NOVEMBER 14, 2023

Here’s a look at some of the costs that will apply in 2024. in 2024, $9.80 in 2024, $9.80 Part D premiums vary, but the average basic monthly premium for 2024 is projected to be $34.50 (up from $32.09 in 2024, down from $56.49 For 2024, this deductible is $240 (up from $226 in 2023).

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Insurance Taxes Planning Medical 52

Ballast Advisors

NOVEMBER 27, 2023

Here are some things to consider as you weigh potential tax moves between now and the end of the year. Defer income to next year Consider opportunities to defer income to 2024, particularly if you think you may be in a lower tax bracket then. Doing so may enable you to postpone payment of tax on the income until next year.

Taxes 40

Taxes Retirement Planning Distribution Retirement 40

Ballast Advisors

SEPTEMBER 22, 2023

The IRS has announced guidance for the home energy audit tax credit. Fortunately, there is a federal income tax credit available equal to 30% of the amount paid for home energy audits, up to $150 per tax year. If you claim the credit, the home energy audit should be kept as part of your tax records.

Taxes 40

Taxes Certification Investment Advisor Communication 40

Indigo Marketing Agency

JANUARY 24, 2024

Michael Kitces Reason to Follow: Unparalleled insights and thought leadership in financial planning and wealth management Michael Kitces, a legend among financial advisors, is an industry name who needs no introduction. She’s recognized as one of Investopedia’s 100 Top Financial Advisors , ranking within the top 10 for 2023.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52

Cornerstone Financial Advisory

DECEMBER 18, 2023

The combination of the FOMC signaling three rate cuts in 2024 and dovish comments by Fed Chair Powell led to a sharp drop in bond yields and a spike in stock prices, with the Dow Industrials closing above 37,000 and setting an all-time high. This information is not intended to substitute for specific individualized tax advice.

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Marketing Marketing Taxes Economics 97

Indigo Marketing Agency

JANUARY 24, 2024

Michael Kitces Reason to Follow: Unparalleled insights and thought leadership in financial planning and wealth management Michael Kitces, a legend among financial advisors, is an industry name who needs no introduction. She’s recognized as one of Investopedia’s 100 Top Financial Advisors , ranking within the top 10 for 2023.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52

Cornerstone Financial Advisory

NOVEMBER 27, 2023

They further said that future rate decisions will be based on fresh economic data, offering no indication that a rate cut was forthcoming, as many analysts are increasingly anticipating for 2024. There are some important tax tips to know to set yourself up for success. a Registered Investment Advisor. Jobless Claims. .

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Marketing Marketing Taxes Economics 86

WiserAdvisor

MARCH 13, 2024

Investment planning also plays a crucial role in tax optimization, enabling you to minimize tax liabilities and maximize after-tax returns. Additionally, tax-loss harvesting, and other tax-optimization strategies can further improve the tax efficiency of your investment portfolio, thereby enhancing overall returns.

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Retirement Planning Retirement Planning Estate Planning 105

Cornerstone Financial Advisory

MARCH 25, 2024

4 Source: YCharts.com, March 23, 2024. Source: Investors Business Daily – Econoday economic calendar; March 18, 2024 The Econoday economic calendar lists upcoming U.S. WBA) Source: Zacks, March 19, 2024 Companies mentioned are for informational purposes only. The Wall Street Journal, March 22, 2024 2.

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Marketing Marketing Taxes Economics 94

Cornerstone Financial Advisory

JANUARY 16, 2024

1,2,3,4,5 Source: YCharts.com, January 13, 2024. Source: Investor’s Business Daily, Econoday economic calendar; January 10, 2024 The Econoday economic calendar lists upcoming U.S. TRV), State Street Corporation (STT) Source: Zacks, January 10, 2024 Companies mentioned are for informational purposes only. Industrial Production.

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Marketing Marketing Taxes Economics 98

Cornerstone Financial Advisory

FEBRUARY 19, 2024

3 Source: YCharts.com, February 17, 2024. While the Fed has indicated short-term rates may trend lower in 2024, the January inflation reports support Fed Chair Powell’s recent comments that the Fed is in no hurry to cut rates. Source: Zacks, February 15, 2024 Companies mentioned are for informational purposes only.

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Marketing Marketing Taxes Economics 95

Cornerstone Financial Advisory

FEBRUARY 12, 2024

3 Source: YCharts.com, February 10, 2024. Source: Investors Business Daily – Econoday economic calendar; February 8, 2024 The Econoday economic calendar lists upcoming U.S. AMAT), Deere & Company (DE) Source: Zacks, February 8, 2024 Companies mentioned are for informational purposes only. CNBC.com, February 9, 2024 4.

Marketing 95

Marketing Marketing Economics Taxes 95

Cornerstone Financial Advisory

MAY 6, 2024

3 Source: YCharts.com, May 4, 2024. Source: Investors Business Daily – Econoday economic calendar; May 2, 2024 The Econoday economic calendar lists upcoming U.S. EMR) Source: Zacks, May 2, 2024 Companies mentioned are for informational purposes only. The Wall Street Journal, May 3, 2024 2. CNBC.com, May 1, 2024 3.

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Marketing Marketing Economics Taxes 52

Carson Wealth

DECEMBER 27, 2022

The SECURE Act of 2019 made sweeping changes to required minimum distributions , with the most prudent change being that most non-spousal inherited retirement accounts are required to be withdrawn over 10 years rather than stretching distributions out to avoid heavy tax liabilities. This is capped at $5,000 per year.

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Retirement Retirement Planning Distribution Taxes 98

Cornerstone Financial Advisory

SEPTEMBER 26, 2022

in 2023, without any rate cut likely until 2024. Tax-Deductible Educator Expenses. The educator expense deduction allows eligible teachers and administrators to deduct part of the cost of technology, supplies, and training from their taxes. We suggest that you discuss your specific tax issues with a qualified tax professional.

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Marketing Marketing Education Taxes 59

Cornerstone Financial Advisory

APRIL 8, 2024

3 Source: YCharts.com, April 6, 2024. Source: Investors Business Daily – Econoday economic calendar; April 2, 2024 The Econoday economic calendar lists upcoming U.S. C), State Street Corporation (STT) Source: Zacks, April 2, 2024 Companies mentioned are for informational purposes only. CNBC.com, April 3, 2024 5.

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Marketing Marketing Economics Taxes 52

Cornerstone Financial Advisory

JANUARY 22, 2024

1,2,3 Tech stocks drove the Thursday rally, with the S&P and Nasdaq recouping their 2024 losses. Source: YCharts.com, January 20, 2024. Source: Investor’s Business Daily, Econoday economic calendar; January 19, 2024 The Econoday economic calendar lists upcoming U.S. Durable Goods Orders. Jobless Claims. Housing Starts.

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Marketing Marketing Economics Taxes 64

Cornerstone Financial Advisory

MAY 13, 2024

4,5 Source: YCharts.com, May 11, 2024. Source: Investors Business Daily – Econoday economic calendar; May 10, 2024 The Econoday economic calendar lists upcoming U.S. AMAT), Deere & Company (DE) Source: Zacks, May 10, 2024 Companies mentioned are for informational purposes only. The Wall Street Journal, May 10, 2024 2.

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Marketing Marketing Economics Taxes 52

WiserAdvisor

MARCH 22, 2024

Maximize retirement account contributions If you’re not already maxing out your contributions to tax-advantaged retirement accounts like a 401(k) or IRA, consider increasing your contributions. These accounts offer tax benefits that can help your savings grow more efficiently.

Retirement 52

Retirement Retirement Planning Financial Advisor Planning 52

Ballast Advisors

AUGUST 23, 2023

However, due to an extensive redesign of the FAFSA, the filing season for the 2024-2025 school year will be delayed until December. For the 2023-2024 school year, rates have increased again and are now the highest in a decade. does not provide investment, tax, legal, or retirement advice or recommendations.

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Education Engineering Communication Taxes 40

Cornerstone Financial Advisory

SEPTEMBER 25, 2023

Fed Signals Rate Hike As expected, the Fed held interest rates steady but surprised many investors by signaling another rate hike before year-end and suggesting that rates may need to remain high through 2024. This information is not intended to substitute for specific individualized tax advice.

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Marketing Marketing Taxes Economics 100

Walkner Condon Financial Advisors

FEBRUARY 6, 2024

investors as we move into 2024. large caps in 2024? stocks are doomed to a similar fate in 2024. That would imply I have access to the 2024 data in that Almanac, and I do not. But, as we move into 2024, I wouldn’t bet it all on that U.S. One of these powerful patterns or traits that lead U.S.

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Assets Investing Investments Marketing 59

Carson Wealth

JANUARY 5, 2023

Qualified retirement plans – such as 401(k)s, 403(b)s and IRAs – offer clear tax advantages. Traditional 401(k)s, 403(b)s, and IRAs offer a tax deferral on contributions and growth until distribution. To prevent individuals from taking advantage of the tax-deferred growth in perpetuity, there are certain rules in place.

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Distribution Retirement Planning Taxes 98

Discipline Funds

DECEMBER 20, 2023

Calculate your 2023 after tax income and expected after tax 2024 income. Compare this to your 2023 expenses and expected 2024 expenses. 2023 was a good year for high risk instruments and no one, I mean no one, knows what 2024 will entail. Avoid chasing performance. Harvest losses in taxable accounts.

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Financial Planning Planning Asset Allocation Retirement Planning 73

WiserAdvisor

FEBRUARY 19, 2024

As a couple aged 65 in 2023, you may need approximately $315,000 saved (after tax) to cover your healthcare expenses. Secondly, the HSA provides distinct tax advantages, making it an attractive component of a comprehensive retirement plan. Moreover, the funds within the HSA can be invested.

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Retirement Retirement Planning Healthcare Estate Planning 66