CornerStone Financial Group

CornerStone Financial Group

A private wealth advisory practice of Ameriprise Financial Services, Inc.

Ameriprise Financial Services, Inc. is a broker-dealer and member of FINRA. Comments and "likes" should not be considered representative of client experiences, or indicative of future performance or success. While I appreciate the support of my clients, I cannot accept Recommendations or Endorsements due to Investment Advisers Act of 1940 rules which prohibit me from publishing a testimonial of any kind concerning the investment advice, analysis, reporting or other services I provide. For your privacy, please don’t post account or service-related information on this page. Instead, contact me directly. Please visit Ameriprise.com/social for more important disclosures and information. CA Insurance #0K73786 AR License #7943191

about.bgov.com

Student-Loan Outlook Is Reversed, Showing $31 Billion U.S. Cost - Bloomberg GOV

Student loans are becoming a burden on, not only the borrowers but U.S. taxpayers as well. The latest data shows that the additional cost is not from the increased amount of new loans, but the cost of the almost $1.5 trillion in outstanding federal loans. Education and tax planning strategies are pillars to your financial success.

about.bgov.com Student loans, already a hardship for many young borrowers, now are projected to be a burden for another class of people: U.S. taxpayers.

Learn from it, but always keep pushing forward.

forbes.com

Give Your Graduates The Gift Of Financial Know-How

The gift of financial knowledge may not come wrapped in a box, but it is a valuable gift nonetheless. Making the transition from student to full-time employee is a big step in every new grad’s life, and it’s essential that they are fully prepared in every way. From student loan repayment to starting a budget, we are here for you and your new grad every step of the way. Please let us know how we can be of assistance!

forbes.com As the school year comes to a close, all of us who are parents start wondering if our children are ready for the next chapter in their lives, especially if it’s one of those pivotal years when we’re about to watch them receive a diploma.

nytimes.com

Why ‘Find Your Passion’ Is Such Terrible Advice

Don’t find your passions; develop them! A 2018 study weighed two theories that impacted how people think of passions: fixed and growth. A person who follows the fixed theory believes our interests are unchanging and finite, but the person who follows the growth theory believes our interests are developed, and that almost anything we commit to learning can become a passion. So if there’s something you’re interested in, but not great at, stick with it. Failure is a part of the process, and it can be overcome.

nytimes.com Prepare for a hard truth: We’re pretty bad at most things when we first try them.

cnbc.com

America is in a financial literacy crisis, and advisors can fix the problem

Financial literacy month has come to a close, but talking openly about money and feeling empowered to do so remains an important skill. Though our society tends to view money as a taboo topic, avoiding it can cause more problems and misunderstandings. As advisors, we hope to bring a human aspect to “the money talk” and help open the dialogue for others to feel comfortable and confident talking about their finances.

cnbc.com Financial services providers are uniquely positioned to change the conversation around literacy and address the elephant in the room: the "money talk" taboo.

marketwatch.com

Home price growth screeches to a 6 1/2-year low, Case-Shiller says

From January to February, home prices grew the slowest they have since September 2012, only 3.0% higher compared to a year ago. The slower pace missed the forecast for a 3.2% yearly increase. Don't fear, the lack of growth is a potential opportunity for home buyers, and also indicates the chance for equity appreciation for owners.

marketwatch.com Price gains for the three months ending in February were the slowest since mid-2012, and the regional impacts were starkly delineated, according to the...

Work for it more than you talk about it.

cnbc.com

First-time moms see a 30% drop in pay. For dads, there's a bump up

Having a child is a joyful occasion, but due to the gender pay gap, it impacts mothers and fathers differently at work. A study shows that while men are considered steady family-men and make about 20% more than men with no children, women encounter a “motherhood penalty” and their income drops 30% after having their first child, further widening the gender pay gap. Financial planning for women is important regardless, but more so considering the fact that as mothers, they're playing catch up.

cnbc.com For women, incomes drop 30% after giving birth for the first time and never catch up, according to a study. Conversely, dads make 20% more than men with no children.

forbes.com

6 Morning Rituals That Will Make You Productive All Day

Most of us have experienced a slow morning before when it’s easier to keep hitting the snooze button on the alarm than to start the day on a productive note. But a good start to your morning can reap benefits all day long. Getting time to yourself in the morning – without the constant buzz of distractions – can set you up not only to be less stressed but also be more productive. These are some great tips!

forbes.com Wakey, wakey... These morning routines will set your whole day up for success before 8am.

money.usnews.com

The Best Financial Movies You Can Stream Right Now

It is our goal to educate and guide you on your financial planning journey, but we also recommend doing your own research. Here’s a great article that lists a few movies you can watch on your favorite streaming services right now, and afterward we can get together to talk about any questions they might’ve raised.

money.usnews.com These money movies will help teach you about financial tools and concepts.

bloomberg.com

Treasury Yields Fully Rebound From Fed-Induced Angst

The apprehension over last month's interest rate projections from the Federal Reserve has waned now that yields on 10-year notes have almost settled on where they were before. Last month's announcement had many preparing for a recession, but this is a good example of how news headlines influence our emotions and can lead to irrational financial decisions. Remember, leave the fear out of your investing, or it can lead to impulsive decisions that could hurt your portfolio.

bloomberg.com The Federal Reserve-induced angst that overwhelmed the Treasury market a month ago has -- by one key metric -- disappeared.

It’s important to help others, but don’t forget to take care of yourself.

marketwatch.com

Social Security costs to exceed revenue next year, trustee report shows

If you’re approaching retirement and don’t have alternative forms of income in place, you might want to consider a plan. A recently released report revealed that the expense of running Social Security will soon exceed its revenue, and it’s much sooner than you think. As soon as next year the costs will exceed expenses, and by 2035 funds will be depleted.

marketwatch.com The expense of running Social Security will exceed the revenue next year, a new report released Monday showed, in a sign of the upcoming challenges to the...

cnbc.com

Legendary investor Warren Buffett says this one investment 'supersedes all others'

Warren Buffett is known for his investing prowess, and people often seek to replicate his financial success in the markets. But the so-called Oracle of Omaha also has some personal development advice that could, in turn, lead to financial and professional success. The best investment, according to Buffett, is the one you make in yourself. It can’t be taxed or lose value via inflation, and the more work you put into it, the more you will get out. The biggest takeaway is never stop learning. That’s something we can get behind!

cnbc.com "Everybody has potential they haven't used yet."

forbes.com

The Changing Workplace: Business Is Personal

It’s possible that you spend more time surrounded by your co-workers than your own family each week. By spending that much time with them, it’s important to create a positive and enriching environment. A positive experience for employees can influence and improve trust, performance and retention. How do you spread positivity in the office?

forbes.com The voice of the individual continues to gain strength in the workplace. That’s why HR and business leaders should focus on diversity, digitalization, and an employee-first culture. Read more from Workday Chief People Officer Ashley Goldsmith.

kiplinger.com

Two Key Estate-Planning Documents You Need

Estate planning is an integral part of your overall financial wellbeing. As the saying goes, hope for the best, but prepare for the worst, and estate planning will allow you to have your wishes carried out in a worst-case scenario. Both a HealthCare Power of Attorney and a Living Will are important pieces to the estate planning puzzle. We can help you with the details.

kiplinger.com Don't confuse a health care proxy with a living will. Each serves a different purpose, but you'll need both to make sure your medical wishes are honored.

Stand out from the crowd!

cnbc.com

Here's how investors can save the planet and still make some money

Responsible and sustainable investing has grown in popularity recently. Is climate-conscious investing something you are interested in? We can help you find the right areas to incorporate it into your overall financial and investment plan. The good news is there are ways to intentionally invest your money if you hope to make a difference.

cnbc.com If global warming keeps you up at night, you're not alone. Here are ways to make sure your portfolio is helping, not hurting, the cause.

forbes.com

Managing The Stress of Freelancing: Six Ways To Take Control

Freelancing offers a much different work life than the traditional in-office career. As with most things, there are pros and cons. The pros include working for yourself, making your own hours and choosing which projects you want to work on, but the cons can include social isolation and a lack of a reliable and stable income. What are your thoughts? Are the freedoms and flexibility offered by freelancing too good to pass up?

forbes.com The freelance life is demanding, and anxiety is often part of the package. Here are six ways to reduce the angst and move on to more productive activity.

nytimes.com

Racing Against China, U.S. Reveals Details of $500 Million Supercomputer

The future is now! We found this interesting and wanted to share. The U.S. is currently building a $500 million supercomputer that can reach “exascale” performance. That’s a quintillion calculations per second, seven times faster than today’s fastest system. Once complete, the impacts of such a computer could be felt across many different industries and various aspects of life.

nytimes.com Lab officials predict it will be the first American machine to reach a milestone called “exascale” performance, surpassing a quintillion calculations per second.

forbes.com

Spring Clean Up For Your Investment Portfolio

Spring flowers are blooming and (hopefully) so is your investment portfolio. If it's not doing as well as you'd hoped, or you don't have a well-rounded understanding of how your investments are doing, this is your reminder to check in. Take a look at what's not doing so well, foster the investments that are thriving, and find a way to plant the seed for new opportunities. Remember, what was once aligned with your wants and needs may no longer serve you. You are constantly changing, so checking in on your portfolio and helping it evolve along with your life is essential. That’s where we can help!

forbes.com The arrival of spring encourages many of us to clean our homes, freshen up décor, and renew our fitness regimens. It can also be a good time to update your financial plan and take inventory of your accumulated assets

How are you spreading kindness this week?

cnbc.com

It's not too soon for a Fed interest rate cut, according to this chart

Following its last meeting in March, the Federal Reserve announced its intentions to not raise its benchmark interest rate for the remainder of 2019. Some analysts think this could go even further, with the Fed potentially lowering interest rates. In the past five cycles, the time between the Fed’s final rate hike and its first cut averaged roughly six-and-a-half months. Rates were last raised by the central bank in December 2018, placing the benchmark interest rate in a range of 2.25 to 2.5 percent.

cnbc.com The market's swift move this week to price in a quarter point interest rate cut so soon after the Fed's December's rate hike should come as no surprise.

cnbc.com

Here's how much money those 1 percenters really make

Happy Tax Day! Today is the federal filing deadline, so let’s take a look at just how much taxes are paid by various income brackets in the United States. The latest available data from the IRS (tax year 2015), shows that the top 50 percent of wage earners accounted for 97.2 percent of the total income tax paid. Meanwhile, the top 1 percent accounted for 39 percent of the total tax paid, while the top 0.1 percent represented 19.5 percent, the top 0.01 percent paid 8.7 percent, and the top 0.001 percent accounted for 3.5 percent.

cnbc.com Data from the IRS shows how much you need to be considered part the 1 percent. Find out how you measure up.

bloomberg.com

Mastercard Sees Other Banks Ditching Credit Card Numbers Like Apple Did

Big banks and credit card companies have already ditched the requirement for a signature to process plastic transactions. Could card numbers be next? In an effort to boost security in case a card is lost, some financial institutions are testing the idea to remove numbers from the front of credit and debit cards. Good or bad idea? What are your thoughts?

bloomberg.com First it was the signatures. Now the biggest U.S. banks could be looking to get rid of card numbers, too.

ameriprise.com

3 tips to help you maximize your Social Security benefit amount

Many people rely on Social Security to fund a portion of their retirement. Maximizing your Social Security benefit amount can help provide a stable form of income during your golden years. The rules surrounding Social Security are confusing, and we can help break them down for you. If you are able, waiting to claim Social Security can result in a 76 percent benefit increase between the ages of 62 and 70.

ameriprise.com Social Security rules can be complex and confusing. Make sure you know the benefits you’re entitled to receive.

You're never too old, and it's never too late to get started. What about you?

barrons.com

How Your Kids Can Ruin Your Retirement — and How to Make Sure They Don’t

Support for adult children has grown in recent years, and the impacts are starting to be felt by those preparing for retirement. According to some estimates, parental support for adult children sits at roughly $500 billion per year, or roughly twice the amount the same cohort puts aside for their retirement accounts. It’s a tough decision. You want to support your children, but you need to prepare for your own retirement! Reach out to us, and we can help with a plan to get you there.

barrons.com Parents are spending $500 billion a year supporting their adult children—more than twice the amount they’re saving for retirement. How to help your kids without imperiling your golden years.

entrepreneur.com

6 Ways Top CEOs Beat Procrastination

Emulating those who have found success should in turn lead to personal victories, so why not take some tips from successful CEOs across the business spectrum. We all deal with procrastination, so how do those at the top of their company push through and get things done? Setting timelines, crafting to-do (and won’t-do) lists, and batching are good places to start!

entrepreneur.com Once begun, half done.

forbes.com

Betterment Is Coming For The Checking Account

Fintech companies agree: American cash management is antiquated, and they want to fix it. One company, Betterment, is doing its part to shake up the American banking system by questioning the purpose of the traditional checking account. In hopes to provide a customer-first approach, Betterment launched tools that tell users what to do with the cash in their checking account, which they say will ensure it's utilized to the highest potential. Another fintech, Stash, launched a program that provides users with rewards in the form of stock shares for certain purchases on their Stash debit card. What do you think about these suggested innovations in money management? Would you give it a try?

forbes.com Betterment is coming for the checking account, betting Americans can do better if they hold their cash outside of a traditional bank.

wsj.com

Forget the 401(k). Let’s Invent a New Retirement Plan.

Is it time to give the 401(k) a makeover? We could be heading toward a retirement crisis, as 25 percent of employed Americans say they haven't set aside any funds for retirement, according to a 2017 study from the Federal Reserve. Re-tooling the 401(k) could help. Recent trends, such as automatic enrollment and automatic escalation, have started to help address the problem. This article outlines some other interesting ideas!

wsj.com For starters, make it portable, allowing your savings to follow you wherever you go or however you work.

Don’t forget to give yourself a pat on the back every once in a while.

cnbc.com

Need help paying for college? It's not too late to file a FAFSA

FAFSA filing season began October 1st, but that doesn't mean you're out of time to apply for federal student aid. For many high school students, financial aid is a crucial step that makes their college career feasible, but still, many who would typically qualify for loans, work-study, or grants fail to file. FAFSA is making it easier than ever on parents and students by introducing an app called myStudentAid, as well as the IRS data retrieval tool that automatically populates your tax data into the form. You have until June 30th to file, but since some funds are first come, first-serve it's always best to file as soon as possible.

cnbc.com The FAFSA season opened Oct. 1 for the 2019-2020 school year, but it's not too late for students who haven't filed.

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26777 Central Park Blvd., Ste. 350
Southfield, MI
48076

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