Cornerstone Financial Advisory

JANUARY 16, 2024

On Friday, the start of earnings season brought mixed results from a handful of major banks. Bancorp (USB), Alcoa (AA) Thursday: M&T Bank Corporation (MTB), Northern Trust Corporation (NTRS) Friday: Schlumberger Limited (SLB), The Travelers Companies, Inc. 1,2,3,4,5 Source: YCharts.com, January 13, 2024.

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Cornerstone Financial Advisory

JANUARY 8, 2024

The interactive tax assistant tool can also help to determine your filing status and any relevant credits you should (or should not) claim. Incorrect bank account information: If you opt to receive your refund via direct deposit, provide the correct bank account information. Missing signatures can delay your return.

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Cornerstone Financial Advisory

OCTOBER 9, 2023

The Internal Revenue Service (IRS) has a handy tool called the Tax Withholding Estimator, which can help you manage having too much or too little tax withheld from your wages. This information is not intended to substitute for specific individualized tax advice. a Registered Investment Advisor.

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Cornerstone Financial Advisory

OCTOBER 31, 2022

Did you know that the IRS has an app that makes it easy to check some things off your tax to-do list? Free File is a tax prep software for taxpayers whose 2021 total adjusted gross income was $73,000 or less. Find payment options, including IRS Direct Pay which allows you to pay tax bills directly from your bank account.

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Cornerstone Financial Advisory

MARCH 4, 2024

Here’s How To Pay If you owe federal taxes, you must pay by the April deadline. Remember, if you get an extension to file your taxes, payment is still due by the April deadline. Pay by debit or credit card: If you don’t want to link a bank account, you can use your credit or debit card. a Registered Investment Advisor.

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Cornerstone Financial Advisory

FEBRUARY 12, 2024

Create Digital Copies Of Important Documents: Most financial organizations, such as banks and insurance companies, provide digital copies of bank statements, tax returns, and insurance policies anyway, and keeping all these digital copies saved and organized is an excellent practice to get into. a Registered Investment Advisor.

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Cornerstone Financial Advisory

OCTOBER 16, 2023

This Week: Companies Reporting Earnings Monday: The Charles Schwab Corporation (SCHW) Tuesday: Bank of America Corporation (BAC), Johnson & Johnson (JNJ), Lockheed Martin Corporation (LMT), The Goldman Sachs Group, Inc. (GS), This information is not intended to substitute for specific individualized tax advice.

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Marketing Marketing Taxes Economics 105

Cornerstone Financial Advisory

AUGUST 7, 2023

Markets were rattled initially by news that the Treasury raised its borrowing requirement for the third quarter by more than a quarter of a trillion dollars and on news that the Bank of Japan announced it would allow bond yields to rise after years of capping them. The information in this material is not intended as tax or legal advice.

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Cornerstone Financial Advisory

MARCH 11, 2024

Markets clawed back much of their losses on Wednesday and Thursday, with the Fed Chair’s upbeat comments to the Senate Banking Committee boosting stocks. State and local income tax refunds may be taxable and should be reported on your federal taxes. The information in this material is not intended as tax or legal advice.

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Cornerstone Financial Advisory

DECEMBER 9, 2024

When sold, investments may be worth more or less than their original cost. ” – Helen Keller Tax Tip… Beware of the Fake Charity Scam There are so many scams out there. You can research charity organizations using the IRS Tax Exempt Organization Search toolthis will help you narrow down a list of legitimate charities.

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International College of Financial Planning

MARCH 24, 2024

Understanding the nuanced differences between an investment advisor and a financial planner is vital for individuals in India aspiring to carve a niche in the financial sector. Work Profiles: Diving Deeper Investment Advisor: Investment advisors are specialists who focus on the nuances of investment opportunities.

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Cornerstone Financial Advisory

MARCH 27, 2023

Mixed Message Provokes Volatility Presented by Cornerstone Financial Advisory, LLC Modest gains in major market indices masked sharp volatility amid the uncertainty arising from mixed messages emanating from public officials and revived banking fears. ” – Melissa Viviane “Lizzo” Jefferson Who Can File Your Taxes?

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Cornerstone Financial Advisory

MARCH 20, 2023

Markets Cautious After Banking Woes; Awaiting Fed Reaction Presented by Cornerstone Financial Advisory, LLC Amid the reverberations of two U.S. banks being taken over by regulators and the spread of uncertainty to European banks, stocks trended higher last week on the strength of the technology sector. Since then, two U.S.

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BlueMind

NOVEMBER 24, 2022

Registered Investment Advisors versus Broker-Dealers The bigger the wealth, the more complicated it is to manage it. Over the recent years, these clients are more inclined to prefer registered investment advisors (RIA) over broker-dealers to manage their affluence, and understandably so.

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Cornerstone Financial Advisory

JULY 3, 2023

Weekly Market Insights: Economy Continues Upward Trend Presented by Cornerstone Financial Advisory, LLC Stocks posted gains for the week to close out a stellar month, aided by positive economic data and reports that all major banks had passed the Federal Reserve’s annual stress test. The Nasdaq Composite index added 2.19%.

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Trade Brains

OCTOBER 29, 2024

The shares of a micro-cap power stock primarily which is engaged in software development and specializes in IT Solutions, Core Banking Software, and ERP Implementation for the BFSI sector have touched a 5 percent upper circuit. Additionally, Profit After Tax (PAT) was up in down by 38 percent in H2FY24 to Rs.5.2 percent from H1FY24.

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Cornerstone Financial Advisory

APRIL 3, 2023

Banking Crisis Fears Dim; Markets Rally Presented by Cornerstone Financial Advisory, LLC Stocks rallied last week on receding fears of a widening banking crisis, led by resurging investor interest in technology and communication services names. This information is not intended to substitute for specific individualized tax advice.

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Cornerstone Financial Advisory

MAY 8, 2023

1,2,3 Stocks See-Saw Renewed regional bank concerns weighed on investor sentiment last week, despite the rescue of a troubled bank before the start of the trading week. But worries were not isolated to regional banks. ” – Charlotte Brontë Need Last Year’s Tax Returns? Order a tax transcript.

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Cornerstone Financial Advisory

SEPTEMBER 26, 2022

Global central banks moved in tandem with the Fed, as the Bank of England, Swiss National Bank, and Norway’s Norges Bank, among others, also hiked rates. Tax-Deductible Educator Expenses. This information is not intended to be a substitute for specific individualized tax advice. Another Rate Hike.

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International College of Financial Planning

JULY 10, 2023

How Investment Advisors Play a Significant Role in Managing Finances? The field of investment advisory presents a world of opportunities for individuals passionate about finance and investments. Their primary objective is to help clients make informed investment decisions, manage risks, and achieve financial objectives.

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Cornerstone Financial Advisory

OCTOBER 3, 2022

During the previous week, the Bank of England (BOE) raised interest rates, and its prime minister announced unfunded tax cuts that the markets interpreted as inflationary. The Bank Of England Acts. With Shared Custody, Taxes Can Get Complicated. It may help if you research the Child Tax Credit as well.

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Cornerstone Financial Advisory

MARCH 13, 2023

Stocks also were rattled when a west coast bank was placed into receivership on Friday following a run on deposits. The lower move was triggered by a specialty bank’s liquidity issues, though regional and money center banks could not escape the selling. The Nasdaq Composite index fell 4.71% for the week.

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The Big Picture

JULY 11, 2023

JOHNSON: And then I moved into, we had a bank at the time, and I moved into running part of the bank. RITHOLTZ: So Franklin obviously divests out of the banking business, the credit card business, the auto financing business. Did you guys just say, we really want to be pure investment management? I could do my own taxes.

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Management Investments Investing Assets 222

Good Financial Cents

JULY 3, 2023

However, this is only true if you invest in an IRA at your local bank. In this case, you are purchasing a CD within the IRA because CD’s are typically the only investment option that is available (some banks now do have in house brokerage firms that allow you to put money into other investments).

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Cornerstone Financial Advisory

JANUARY 22, 2024

The four-day trading week began with more Q4 bank earnings, which disappointed. The yield on the 10-year Treasury climbed after a Fed Governor said the central bank may adjust rates as much as markets expect. You can also choose not to claim exclusion, in which case you must report the gain on your tax return.

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Good Financial Cents

JUNE 11, 2023

In stark contrast, Personal Capital is an investment advisor. This is absolutely key with any financial advisor you talk to, whether in person or online. It will enable you to track your investment portfolio, as well as your banking and credit card activity while you’re on the go.

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Cornerstone Financial Advisory

MAY 1, 2023

Stocks Rally As Attention Shifts To Fed’s May Meeting Presented by Cornerstone Financial Advisory, LLC Strong earnings from several mega-cap technology companies offset renewed regional banking jitters and weak economic data, leaving stocks higher for the week. The Nasdaq Composite index rose 1.28% for the week. Armed Forces.

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Cornerstone Financial Advisory

JANUARY 17, 2023

Stocks extended their gains to end the week as a few money center banks kicked off a new earnings season with upbeat reports. Tax Benefits For Charitable Giving. Giving back to others feels good and is a great way to support your community and those in need, but it also has tax advantages. Inflation’s Cooling Trend.

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Cornerstone Financial Advisory

MAY 15, 2023

Attention Turns To The Debt Ceiling Presented by Cornerstone Financial Advisory, LLC Stocks were mixed last week as good inflation news was offset by mounting debt ceiling concerns and rekindled regional banking fears. Married filing jointly: If a taxpayer is married, they can file a joint tax return with their spouse.

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Cornerstone Financial Advisory

APRIL 17, 2023

This Week: Companies Reporting Earnings Monday: The Charles Schwab Corporation (SCHW), M&T Bank Corporation (MTB). NFLX), Bank of America Corporation (BAC), Johnson & Johnson (JNJ), Lockheed Martin Corporation (LMT), The Goldman Sachs Group, Inc. (GS). The information in this material is not intended as tax or legal advice.

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Cornerstone Financial Advisory

APRIL 15, 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. This information is not intended to be a substitute for specific, individualized tax advice.

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Cornerstone Financial Advisory

JULY 15, 2024

Markets seemed initially unfazed by better-than-expected reports from some money center banks. BLK) Tuesday: UnitedHealth Group Incorporated (UNH), Bank of America Corporation (BAC), Morgan Stanley (MS), The Charles Schwab Corporation (SCHW) Wednesday: Johnson & Johnson (JNJ), Elevance Health, Inc. GS), BlackRock, Inc.

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Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

SEPTEMBER 12, 2022

Stocks added to their gains on Thursday as the market digested another speech from Fed Chair Powell and a 0.75% hike by the European Central Bank. How Tax Transcripts Can Help You File an Accurate Tax Return. They suggest making an online account to see estimated tax payments, prior year adjusted gross income, and more.

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Cornerstone Financial Advisory

APRIL 24, 2023

Poor earnings results hit communication services stocks and regional banks, while margin pressures put pressure on auto stock valuations. ” – Queen Elizabeth II Tax Benefit And Credits: FAQs For Retirees Lots of questions can come up about income taxes after retirement. Why is my pension taxed?

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Cornerstone Financial Advisory

SEPTEMBER 18, 2023

On Thursday, investors welcomed the European Central Bank, signaling its rate-hiking campaign may be nearing its conclusion and a successful IPO that revived optimism in the capital markets. This information is not intended to substitute for specific individualized tax advice. These factors may result in greater share price volatility.

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Cornerstone Financial Advisory

JANUARY 3, 2023

What Is The Premium Tax Credit? The premium tax credit (PTC) is a refundable credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Health Insurance Marketplace. Not filing a tax return using the filing status Married Filing Separately. ” – Adam Smith.

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Cornerstone Financial Advisory

AUGUST 29, 2022

Thursday’s rally also got a boost from regional Federal Reserve Bank presidents, who suggested future rate hikes may be in line with market expectations. How to Check the Status of Your Federal Tax Refund. Filing taxes has become more seamless in recent years due to e-filing. a Registered Investment Advisor.

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Marketing Marketing Taxes Economics 59