Broker Check

Insights

Financial Journeys

In this issue:

Big questions about care

The Blue Zone guide to life

Income and Taxes


IRA Rollover Deadline Extension Provides Complete Relief for 2020 RMDs

IRS Notice 2020-51 extends the deadline to return any unwanted 2020 required minimum distributions (RMDs) to August 31, 2020. For those who don’t need to draw on their retirement accounts, skipping this year’s distribution could lead to a lower tax bill.

Read our article here. Read the full IRS notice here


Required Minimum Distributions (RMDs) Waived for 2020

In addition to important provisions supporting individuals and businesses during this challenging period, the recently passed CARES Act also suspends required minimum distributions (RMDs) for 2020. The relief provided by this provision is broad and applies to traditional IRAs, SEP IRAs and SIMPLE IRAs, as well as 401(k), 403(b) and governmental 457(b) plans.


Secure Act Article

On Thursday, December 19, 2019 the U.S. Senate approved a spending bill that includes the bipartisan SECURE Act. This bill includes some significant changes that you should be aware of.


Weekly Market Commentary

Start the week off right with this brief recap of the markets. 


Successful Women

Find articles on financial planning concerns, family issues and other timely issues impacting women.


Tax Report Q4 2019

Wealth management tends to be both complex and interdependent, and almost every financial action may have tax consequences. One of the many benefits of working with the team at Cornerstone is that our professionals stay current on the ever-changing tax environment - a key component necessary to help our clients recognize tax reducing opportunities within their investment portfolios and overall financial planning strategies.

How Different Types of Investment Income Are Taxed


Market Insights and News You Can Use

Check out our recent mailings and information that will help you stay up-to-date on the financial landscape.


Market Volatility

Market volatility can happen at any time. While we can't control what happens in Washington or on Wall Street, we can control how we prepare for and respond to the resulting gyrations. Visit this page to hear from Cornerstone's advisors and learn more, including why the markets care about the coronavirus and historical market performance during and after past epidemics.

Watch this 6.5 minute video of Daniel Reinders, Wealth Advisor, sharing thoughts from Cornerstone's Wealth Advisors on stock market volatility. 


Business Dimensions

Entrepreneurs and small business owners will find articles about company management, financing and other timely issues impacting small business.



Raymond James Financial Advisors do not render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional.

This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.