Winter 2022

February 14, 2023

Mackenzie’s Wedding

Cornerstone Financial Planning is happy to share that on December 31, 2022 business co-owner and Financial Planner Mackenzie Arsenault married Brendan Parsons in a celebration to remember! The two will be jetting off to Europe in February, for what we are sure will be an unforgettable honeymoon of skiing and sight-seeing as newlyweds.

Mackenzie will eventually be changing her name, so be on the lookout for items from ‘Mackenzie Parsons’ in the future. I hope you will join us in congratulating the happy couple and wishing them a lifetime of happiness and adventures together!

Christina presenting at DFA Conference 

On February 8^th, Christina will be on a panel at Dimensional Fund Advisors (DFA) Conference in Charlotte, NC, discussing the topic of succession planning and preparing the next generation of Financial Advisors. This is an ideal topic for Christina to present on, as Cornerstone’s founders completed their long-standing succession plan in 2022, transitioning ownership of the business to Christina and Mackenzie.

The conference will bring together industry experts who will be able to share business management insights, connect with like-minded leaders from other firms, and engage in small-group settings to exchange ideas and managing successions.

Client Reminders

2023 tax deadline is April 18^th!

The Secure Act 2.0 was passed by Congress at the end of 2022; below are changes that became effective in 2023:

• RMDs: Required minimum distributions (RMDs) now begin at age 73 (formerly age 72 or 70 ½ depending on your birth year)
• Roth Matching Contributions: Employers can make matching contributions into the Roth side of an employer-sponsored retirement plan (note that any match in Roth dollars will be taxed as income to the employee). The availability of this feature is subject to your employer.

Also, coming soon:

• In 2024 and 2025, enhancements to the amount of catchup contributions allowed in employer-sponsored plans for those approaching retirement
• In 2024, unused 529 Plan funds may be rolled to a Roth IRA for the beneficiary (limitations apply)

Cornerstone Celebrating 19th Anniversary

Cornerstone will be celebrating its 19th anniversary in March, proudly serving clients and their families since 2004! Although many things have changed over the past 19 years, Cornerstone's values and client-centric model have remained constant. Thank you to all our wonderful clients - here's to the next 19 years!

March is B Corp Month!

March is known as B Corp month, and as a proudly Certified B Corporation, we are excited to share the many reasons why being a B Corp is important to who we are as a company and how we perpetuate the B Corp mantra of using business as a force for good!

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