We talk a lot about our investment philosophy and process being evidence-based. What that means is that we spend a good deal of time researching and partnering with firms that help us understand and implement some of the most practical academic and industry research we feel will directly benefit our clients. That evidence has driven […]
How much is enough? It’s a broad question, yet it’s easy to find specific guidance on the amount of money you need to achieve a fulfilling retirement. Tim Maurer says instead of chasing an arbitrary figure, start by asking a better financial-planning question: What do you want out of life?
“Going into the unknown is how you expand what is known.” — New York Times best-seller Julien Smith A new year brings a new start, offering hope. It also brings some trepidation, for we have no certainty in how the awaiting 12 clean months will be filled. That is OK. Knowing what will come next […]
The holidays are upon us, and giving is a hallmark of the season, whether it comes in the form of giving thanks, giving gifts or giving to charities. Ten years ago, the Center for High Impact Philanthropy (CHIP) at the University of Pennsylvania created the High Impact Giving Guide to help donors make an even […]
In the linked article excerpted from the forthcoming book Your Complete Guide to a Safe and Secure Retirement, our guru Larry Swedroe and BAM Alliance Advisor Katie Keary explore the unique challenges women face from financial and life circumstance related to long-term retirement planning. This informative article goes in depth on 12 challenges uniquely faced […]
As a follow-up to our big announcement about the brand change from Cornerstone Wealth Advisors to LUMIA WEALTH, we wanted to present an overview of our services, and describe the ways we provide our clients A Light, A Plan, and A Path. We find that clients want to work with an advisor who has earned […]
The Tax Cuts and Jobs Act (TCJA) enacted in late 2017 expanded the usefulness of 529 plans for some families. Prior to TCJA, 529 plans could be used only for qualified HIGHER education expenses (i.e., post-high school), but the new law allows 529 plan funds — up to $10,000 per year per student — to […]
Lumia Wealth: Shining a Light on Your Financial Path After 16 years of doing business as Cornerstone Wealth Advisors, the firm has rebranded itself Lumia Wealth. Lumia conveys light, illumination, and clarity. Wealth advisors Brian Brush, David Imhoff and Sarah Rasmuss made the change in order to better differentiate the name of the firm and […]
Over age 70 ½ and have an IRA? Also give to charity? Consider using Qualified Charitable Distributions to reduce your taxable income and lower your tax bill.
News of an escalating trade war between the United States and China dominated headlines late last week as both countries formally imposed substantial tariffs on one another. In response to the Trump administration’s 25 percent tariff on $34 billion worth of Chinese goods (largely industrial and technology products), the Chinese government levied tariffs of equal […]