Blog

Filter Blog by:

Blog

What I Wish I Knew About Money When I Was Younger

By Scott Ford, CEO, Founder & Wealth Advisor of Cornerstone Wealth Management Group

My life’s mission has been to help entrepreneurs and business owners find balance and fulfillment in their lives. When I first started my career, I never would have expected that my training in Brazilian Jiu-Jitsu would share a number of commonalities with running a business, and that it would actually help guide business decisions. Through my training, I’ve discovered some money lessons that I wish I had known when I was younger. Read more

Blog

When Can You Retire?

Not surprisingly, one of the most common goals financial planners help their clients with is analyzing cash flow in retirement so they can live their lives comfortably without worrying about outliving their money. Cash inflow in retirement can come from many sources (Social Security, retirement plans, savings, annuities, pensions) so it’s important to consider how much and when to expect cash inflows. Read more

Blog

Scott’s Three Rules for Financial Success

By Scott Ford, CEO, Founder & Wealth Advisor of Cornerstone Wealth Management Group

We live in an age of information overwhelm. If we have a question, countless answers are at our fingertips. And while many of the answers and advice out there can change our lives for the better, sometimes we just don’t know where to start. Read more

Blog

Do You Have True Wealth?

By Scott Ford, CEO, Founder & Wealth Advisor of Cornerstone Wealth Management Group

Have you ever considered what it means to have true wealth? Most people think of it in terms of finances, from how much they have in their bank account to the restaurants they can afford for a nice dinner out. However, that’s just wealth. True wealth is much more than money. Read more

Blog

Why Diversified Investments Are Crucial

Published by Tyler Schlumpf

There are two main types of risk involved in investing: systematic and unsystematic risk. The first, systematic risk, is the general market risk all investors take when they buy stocks and bonds. Unsystematic risk, however, comes in many different forms. Specific company, credit and liquidity risks are just a few. While systematic risk cannot be diversified away, unsystematic risk can through diversified investments. Read more

Blog

Financial Literacy Month and the Society For Financial Awareness

By Scott Ford, CEO, Founder & Wealth Advisor

Financial Literacy Month and the deadline to pay your taxes occupy the same place on the calendar. This irony begs the question: if you are receiving a tax refund, how will you spend it? Are you going to put it into a retirement account, save for your child’s education, or spend it on some new toys? Oftentimes, our decisions are influenced by our level of financial literacy. The more we understand foundational financial principles, the more our perspective and choices change. This is why it is essential to take the steps to become financially literate. Read more

Blog

The Widow’s Financial Planning Guide

By Scott Ford, CEO, Founder & Wealth Advisor

Did you know that widows are one of the fastest growing demographics in the United States, with over 11 million and growing?1 Losing a spouse is one of the hardest things to walk through. On top of all of the emotional burdens that a death can bring, it can also mean major financial changes as well. Widows have unique financial considerations that often get lost in the grief and adjustment to a new way of life. If you are a widow and don’t know where to start when it comes to planning for your financial future, here are some principles that will guide you on your journey Read more

Blog

Your 2018 Social Security Benefit Guide

By Scott Ford, CEO, Founder & Wealth Advisor

Almost 62 million people depend on Social Security in one way or another. Born out of the Great Depression as a retirement safety net, it has grown to cover 96% of workers in the US.1 In 2017, the Social Security Administration paid out $955 billion in benefits, the majority of which went to retired workers.2 Read more

Blog

How Will Business Owners Benefit From the New Tax Plan?

By Scott Ford, CEO, Founder & Wealth Advisor

The tax reform bill that went into effect on January 1, 2018, has received a lot of attention lately. Understandably, everyone wants to know how it will affect them and whether or not it will benefit their bottom line. And with the significant impact tax reform can have on business owners, many of them are wondering what they will need to do to benefit from the new tax bill. Here’s what business owners need to know: Read more

Blog

How Much Do I Need to Retire?

Most people plan to leave the workforce at some point in their life.  While some have a desire to maintain a sense of purpose by working well into their seventies, we more often find ourselves helping people plan for an earlier departure. Achieving financial freedom, or the ability to work because one wants to and not because one needs to, takes time and thoughtful retirement planning.  Read more