Like us on Facebook   Follow us on Twitter   View our profile on LinkedIn   Visit our blog
a fun, fabulous, financial newsletter
May 2015; Issue: 142


We've also been doing a lot of speaking so we welcome our new readers from The Studio of Duxbury, William Raveis office in Duxbury, and the Aging Mastery Program students from the Duxbury Council on Aging.

Phew! It's been a busy few weeks of travel for us. From Georgia to Denver to Cape Cod to Kennebunkport to the Berkshires. Most of it was for business but some of it was for pleasure. (And, yes, the Bush's were in residence as noted by the flags flying.)


Bill organized the Financial Planning of MA annual offsite meeting at Ocean Edge in Brewster. It was a two day event filled with speakers. One of the more interesting speakers was Annie Duke. She talked about strategic decision making based upon her professional career as a poker player and her academic work in cognitive psychology. It was a fascinating talk! We learned a lot about behavioral finance which is the hardest part of our profession.


Recently I finished reading a very interesting book called The Soul of Money by Lynne Twist. The book helps us examine our attitudes toward money--earning it, spending it, and giving it away--which can then offer surprising insight into our lives, our values, and the essence of prosperity. Maybe you would find it interesting too?  


What are you reading these days? We'd love to hear. We'd also enjoy hearing what you have planned for the summer. If we can be of assistance in anyway, just reach out.  




Paula Signature
p.s. A friend shared a very moving poem he wrote after he lost his wife. Please share it with someone in your life who would benefit from reading it: Lonely: a widowers perspective.

From Bill's Corner...

'Step up' and do the research


Last minute craziness at the tax deadline is always interesting. This April 15 was no different. We received a call from a client questioning the cost basis of stock that her mom had gifted her. Her mother had purchased the stock decades ago and it had grown significantly. The cost basis was so low the client started to wonder if it was even real.


The rules regarding taxes and cost basis for inheritances are different than completed gifts given while living. And the rules may be facing some changes, but more on that later.


The cost basis of an inherited asset is usually the value on the date of the original owner's death. So if a mother bought shares of XYZ Co. for $1 a share and they grew in value to be worth $80 a share decades later when she died, the basis becomes $80 a share upon death. This is called "stepped-up in basis" or "step-up." With a "step-up," the value of the asset is determined to be the higher market value of the asset at the time of inheritance, not the value at which the original party purchased the asset.


Read more... 

Time to Share. Create a Buzz.

Is there someone in your life that just drives you crazy? Someone who you often wonder why they are on your path?

Maybe there is a reason that you just don't understand, yet! Well, this website--Humangel--might just provide some insight. Take a peek.
5 secrets to a richer retirement

To create lasting wealth for you and your family, learn from what these 401(k) millionaires are doing right.
How to raise kids who are not obsessed with "stuff"
As parents we want to give our children everything-but hope they don't start to expect it.
5 common medicare mistakes to avoid

Here's how to keep your health-care costs down in retirement.
For the recently widowed, some big financial pitfalls to avoid

The death of a life partner unleashes a torrent of financial tasks.
The secret to retiring richer than you actually are 

American expats who live abroad know that living in another country can be personally fulfilling and financially rewarding.
4 devices that let you stream TV on the cheap

These affordable devices will stream content to the set you already own.  
In the media...on the blog
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.

INVESTORS, PLANS AND MONEY: 'Step up' and do the research

Old Colony Memorial, April 29, 2015

WH Cornerstone Investments Named a Directors Partner
Kingston Reporter, April 10, 2015
BUSINESS PANEL: Assessing the local effect of an interest rate hike
Patriot Ledger, April 25, 2015

Life's Greatest Lesson
It's 1099 time!
Getting Financially Fit
Avoiding Mistakes in a Divorce in 5 Easy Step
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 are a legal fiduciary for our clients.
road map imageWe 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.  
Copyright 2015. All Rights Reserved.