July 2013  
Issue: 120
Sound, visionary stewardship

Welcome 

Greetings!

"I'm not so sure having 'more' is really 'more'", said the woman next to us at Tanglewood this weekend. Caroline and her husband, Irwin, decided on purchasing a place in the Berkshires after living in New York City for their careers. Like so many Americans, and especially New Yorkers, people have reevaluated their priorities post 9/11. Many people have slowed their lives down to focus on what is really important to them. This couple did. Now they volunteer at many of the wonderful cultural activities in the Berkshires and spend lots of time with their children and grandchildren.

One thing that is important to me is making the most of summer and one of my favorite things is enjoying live, outdoor music. Friday night we enjoyed the music festival at The Dream Away Lodge in the Berkshires. (This is one unique place and if you've ever been you understand.) Saturday night was filled with the sight and sounds of West Side Story shown in it's remastered, high-def version at Tanglewood with the BSO providing all the excellent music. What a performance! When it comes to Boston this winter--be sure to go!

As you think about the important priorities in your life, what will you make sure to accomplish this summer? We'd love to hear, so let us know. As always, if we can assist you in any way, please reach out.  

Cheers,   

     Paula Harris signature  

   

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From Bill's corner... 

 

How is this 'relief' for taxpayers?    

 

Many taxpayers are starting to awaken to a new stealth tax code that's quietly skimming away hard-earned dollars, and based on the president's newly released budget, there's more changes to come. The once-sacred retirement savings tax incentives and deferrals are going to come under attack.

 

2013 kicked off with a new tax code called the American Taxpayer Relief Act of 2012 (ATRA 2012). Although it was supposed to affect only high-income households, all Americans are impacted. In fact, many Americans immediately felt the increase in taxes when they received less in their paychecks in January. Capital gains rates and phase-outs that limit deductions will raise personal rates higher than anticipated. New taxes from the Affordable Care Act, such as the new 3.8 percent investment income tax and 0.9% Medicare surtax are going to take many by surprise.

 

Read on...

 

  Bill Harris signature

In This Issue
One way money is a lot like sex
Some simple lessons for the financially challenged
Thinking about money
Fewer trades, more gains
Best Disney restaurants
In the media
About us
Time to Share. Create a Buzz. Two times the News...

Join us for Tuesdays with Phil. This new free outdoor concert series starts July 23 and is a partnership with the Plymouth Philharmonic Orchestra & the South Shore YMCA.  Concerts take place rain or shine at the Laura's Center for the Arts, 97 Mill Street, Hanover, MA. WH Cornerstone Investments is a proud sponsor of this series. Hope to see you there! More details.
One way money is a lot like sex    

 

Your family's wealth may seem like a taboo subject, but it's best to speak early and often to your children about financial values.

 

Some simple lessons for the financially challenged       

 

People aren't nearly as knowledgeable about investing as they think they are.

 

Read on...

Thinking about money

 

Many marketers work overtime to confuse us about money. They take advantage of our misunderstanding of the time value of money, of our aversion to reading the fine print, of our childish need for instant gratification and most of all, our conflicted emotional connection to money.

 

A few things to keep in mind...


Read on...

Fewer trades, more gains

 

Trading generates taxes, and taxes, combined with trading costs, erode long-term returns.

 

As Warren Buffett, the CEO of Berkshire Hathaway, put it, "Much success can be attributed to inactivity."

 

Read on...

Best Disney restaurants            

 

Make memories even over lunch when you dine at these Disney restaurants.

 

Read on... 

In the media... 

 

WH Cornerstone's principal's are tapped by the media to write for and contribute to a variety of publications. Here are our latest contributions.
  • Paula Harris quoted in Economic advisory panel shares advice for small businesses
    The Patriot Ledger, July 13, 2013
    View...   
  • Bill Harris quoted in ETF Investing For Q3: 10 Ideas From 10 Strategists
    Investors Business Daily, July 2, 2013
    View...    
  • INVESTORS, PLANS AND MONEY: How is this 'relief' for taxpayers?
    Duxbury Reporter, June 28, 2013
    View... 
About us

We are authentic, thoughtful, straight-shooters who provide the sound, visionary  stewardship that helps our clients protect their financial foundation while building their wealth.

 

We are private and independent, which means we have the unique ability to build deep, meaningful relationships with our clients with no competing agendas.

 

We have several decades of broad financial and business expertise that enables us to knowledgeably advise on a wide range of financial and business affairs and to help our clients navigate the sea of complexity with confidence.

 

We are strong believers in the power of near-term, actionable planning and disciplined focus on forward-facing goals.

 

We are at our best when we help our clients optimize their financial resources to realize their goals and dreams.   


Cheers
,

road map image
Paula Harris and Bill Harris, CFP
WH Cornerstone Investments
781.934.9154
www.whcornerstone.com
 

begin it.TM