In the Media
SF Gate: How Much Does It Cost to Refinance a Mortgage?
Aly J. Yale - September 14, 2023
"As Darren Tooley, senior loan officer at Cornerstone Financial Services, explains, “Some states have certain costs that others don’t, which can sometimes be thousands of dollars..."
Bankrate: 7 Hot IPOs for the Rest of 2023
James Royal - September 13, 2023
"Through the first half of this year financial markets were as tight as they’ve been since the financial crisis,” says Daniel Milan, managing partner at Cornerstone Financial Services in Southfield, Michigan..."
USA Today: Should You Use Your 401(k) to Buy a House?
Coryanne Hicks - September 06, 2023
"A good rule of thumb is 35% to 40% of the gross withdrawal will go toward tax and penalties,” said Ryan Shuchman, investment advisor representative and senior partner at Cornerstone Financial Services..."
USA Today: How to Invest in TIPS (Treasury Inflation-Protected Securities)
Coryanne Hicks - August 29, 2023
"For simplicity’s sake and diversification, it may be best to buy a managed ETF for most investors,” said Daniel Milan, managing partner and investment advisor representative at Cornerstone Financial Services..."
Barron's: How to Divvy Up What Your Heirs Want and Get Rid of the Rest
Cheryl Winokur Munk - August 15, 2023
"Daniel Milan, managing partner at Cornerstone Financial Services in Southfield, Mich., tells clients to list their tangible items, along with who should receive each item, their relationship and their contact information, and the date the item was added to the document..."
CBS MoneyWatch: How Much Money Should I Invest in Gold?
Aly Yale - July 31, 2023
"Historically, gold has been considered a good diversification tool for investor portfolios, as gold is not highly correlated with other typical asset classes like equities or fixed income," says Daniel Milan, managing partner and investment advisor representative at Cornerstone Financial Services in Southfield, Michigan..."
TIME: Money Markets vs. Capital Markets - Key Differences
John Egan - July 19, 2023
"Money markets and capital markets are important to our economy because they serve as the backbone of the financial system, says Daniel Milan, founder and managing partner of Cornerstone Financial Services in Southfield, Mich..."
CBS MoneyWatch: HELOC vs. Cash-Out Refinance - What's the Difference?
Aly Yale - July 03, 2023
"That means if interest rates go up substantially, as they have in the last year, your monthly payment could increase and notably impact your budget," says Ryan Shuchman, partner at Cornerstone Financial Services..."
U.S. News & World Report: 9 Reasons Retirees Carry Debt
Rachel Hartman - June 30, 2023
"Market downturns or economic uncertainties can negatively impact retirees' investment portfolios, reducing their retirement income and forcing them to borrow to meet financial obligations," says Cameron Burskey, senior partner and managing director at Cornerstone Financial Services in Southfield, Michigan..."
U.S. News & World Report: What Documents Are Required For Getting a Personal Loan?
Emily Sherman - June 26, 2023
"Credit score, income and how much you're looking to borrow will all determine how likely you are to receive a loan," says Brandon Ashton, director of retirement security at Cornerstone Financial Services..."
ETF.com: Is Energy's Pullback a Buy?
Debbie Carlson - June 2, 2023
"Daniel Milan, managing partner at Cornerstone Financial Services, said investors who felt like they missed out during 2022’s rally can use market weakness to establish positions, but he warns not to expect a repeat of last year..."
MarketWatch: What Happens If The Debt Ceiling Isn't Raised? 'If There Was Ever a Time for a Rainy-Day Fund, This Is It.'
Andrew Keshner - May 24, 2023
"That is still no reason to speed a home purchase, said Daniel Milan, founder and managing partner of Cornerstone Financial Services..."
U.S. News & World Report: No-Check-Credit Loan Options
Coryanne Hicks - May 18, 2023
"When considering a no-credit-check loan, borrowers should look for lenders with transparent terms and conditions, reasonable interest rates and fees and a clear repayment schedule," says Cameron Burskey, managing director of retirement security at Cornerstone Financial Services..."
U.S. News & World Report: How to Automate Your Savings - And Why It's a Good Idea
Emily Sherman - May 17, 2023
"According to Cameron Burskey, senior partner and managing director at Cornerstone Financial Services, having money in a savings account rather than the checking you use for everyday purchases makes it less tempting to spend..."
U.S. News & World Report: 11 Top Sector ETFs to Buy
Coryanne Hicks - May 15, 2023
"As an investor, it is important to look nine to 12 months ahead and not dwell on current market or economic conditions," says Daniel Milan, managing partner and investment advisor representative at Cornerstone Financial Services in Southfield, Michigan..."
CBS MoneyWatch: HELOC vs. Personal Loan - Which is Better?
Aly Yale - May 10, 2023
"If you own a home, HELOCs are the better option "more often than not," according to Daniel Milan, managing partner at Cornerstone Financial Services in Southfield, Michigan..."
AARP: 5 Reasons to Relocate in Retirement
Patrick J. Kiger - April 24, 2023
"Of course, relocating costs money, especially if you’re buying a new home. But most people recoup outlays like moving expenses and closing costs in a year or two, says Matthew Essmann, a managing partner at Cornerstone Financial Services in Southfield, Michigan..."
GoBankingRates.com: 8 of the Worst Ways to Deplete Your Savings
Bob Haegele - April 20, 2023
"This is one of the worst ways someone can make their savings disappear,” said Cameron Burskey, managing director at Cornerstone Financial Services..."
U.S. News & World Report: 6 Low-Risk Investments With Steady Returns for Retirees
Coryanne Hicks - April 17, 2023
"Daniel Milan, managing partner and investment advisor representative at Cornerstone Financial Services in Southfield, Michigan, considers ETY to historically be "one of the best performing closed-end funds with strong management and great tax-advantaged income..."
U.S. News & World Report: 6 Low-Risk Investments With Steady Returns for Retirees
Kate Stalter - March 30, 2023
"We favor U.S.-based, high-income, short-duration ETFs for fixed income in this environment,” says Matthew Essmann, managing partner and investment advisor representative at Cornerstone Financial Services in Southfield, Michigan..."
Detroit Free Press: GM's White-Collar Workers Face Deadline to Consider Buyout from Automaker
Coryanne Hicks - March 23, 2023
"Daniel Milan, managing partner and investment adviser representative at Cornerstone Financial Services in Southfield, said the firm has heard from about 15 GM employees..."
U.S. News & World Report: 5 Best Tech ETFs to Buy for 2023
Coryanne Hicks - March 23, 2023
"Considering the current uncertainty in both the economy and equity markets, it is important to be extremely targeted within the technology sector due to the inherent risks associated with a slowing economy and rising interest rates, and their impact on cyclical sectors," says Daniel Milan, managing partner and investment advisor representative at Cornerstone Financial Services..."
USA Today: Best Penny Stocks for March 2023
Wayne Duggan - March 16, 2023
"That said, the price of stocks should not be the sole determining factor for investors. Investors should focus on value and business fundamentals, not share prices, says Daniel Milan, managing partner and investment advisor representative at Cornerstone Financial Services..."
AARP: 5 Steps for Tracking Down Old 401(k)s and Other Lost Money
Patricia Amend - February 28, 2023
"Starting in 2024, “employers that are left with these benefits can now automatically transfer them to the ex-employee’s new job,” says Brandon Ashton, director of retirement security at Cornerstone Financial Services in Southfield, Michigan..."
GoBankingRates.com: Passive Income in 2023 - Are These 7 Investments Worth Considering?
Jennifer Taylor - February 27, 2023
"Daniel Milan, managing partner at Cornerstone Financial Services, recommended this type of short-term security, along with CDs and money market funds...."
USA Today Blueprint: What is a Brokerage Account?
Coryanne and Farran Powell - February 17, 2023
"You can merely go to any online broker like E-Trade, Scottrade, Fidelity, TD Ameritrade (or) Schwab and open an account,” says Daniel Milan, managing partner and investment advisor representative at Cornerstone Financial Services in Southfield, Michigan..."
Forbes: 7 Best Commodity Stocks to Buy in 2023
Erik Sherman - February 15, 2023
"But when it comes to lithium, several experts, including Daniel Milan, managing partner and investment advisor representative at Cornerstone Financial Services, turn their eye to Albemarle..."
U.S. News & World Report: What to Do With Your Tax Return Money
Coryanne Hicks, January 23, 2023
Brandon Ashton, director of retirement security at Cornerstone Financial Services in Southfield, Michigan, also likes the idea of investing in yourself..."
U.S. News & World Report: 7 Best Monthly Dividend Stocks with High Yields
Coryanne Hicks, January 19, 2023
"The current economic and interest rate environment can make it difficult for mid-sized businesses, especially when it comes to obtaining capital financing from traditional banks right now," says Daniel Milan, managing partner and investment advisor representative at Cornerstone Financial Services..."
Barron's: Bonds Are Back. Here Are the Income-Generating Funds to Buy Now.
Debbie Carlson, January 5, 2023
"Daniel Milan, managing partner of Cornerstone Financial Services, is dedicating only 15% of his bond allocation to corporates and is using the..."
Investor's Business Daily: Is 6% Boring or Enticing Going Into a Projected Recession?
Kathleen Doler, December 28, 2022
Investment advisor Ryan Shuchman, with Cornerstone Financial Services in Southfield, Mich., is advising some clients to consider multiyear guaranteed annuities (MYGAs), a type of fixed annuity that offers a guaranteed fixed interest rate for three to 10 years.
MoneyGeek: We're 56 and Have Less Than $250K in Savings, Can We Still Retire at 65?
Geoff Williams, December 19, 2022
"You shouldn’t despair," according to Daniel Milan, managing partner of Cornerstone Financial Services, a wealth management firm in Southfield, Michigan.
U.S. News & World Report: 10 Best Expense Tracker Apps
Maryalene LaPonsie, December 06, 2022
Cameron Burskey, senior partner with Cornerstone Financial Services in Southfield, Michigan, uses a specialized app called Black Diamond to help his clients manage their money.
Forbes: Inflation Outlook for 2023
Coryanne Hicks, November 30, 2022
“Inflation will be far stickier than most anticipate, as the economy continues to absorb the massive surge in the M2 measure of money the Fed injected into the system in 2020 and 2021,” says Daniel Milan, managing partner and investment advisor representative at Cornerstone Financial Services.
Senior Executive: How a Recession Will Hit Your Executive Compensation - and How to Renegotiate Your Comp Plan for 2023
David Rodeck, November 28, 2022
"Best-case scenario, will those pre-IPO packages end up being worth the same amount, just on a delayed timeline? Or will those executive compensation packages be worth anything at all?” asks Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Michigan.
U.S. News & World Report: How to Conduct a Personal Finance Audit
Rachel Hartman, November 16, 2022
“Cameron Burskey, managing director of retirement security at Cornerstone Financial Services in Southfield, Michigan, offers a couple of spending tips that may help if your personal finance audit came away with some brutal conclusions..."
U.S. News & World Report: How to Use Real Estate to Fund Your Retirement
Rachel Hartman, November 11, 2022
“REITs, particularly non-listed institutional funds, can provide an attractive mix of lower volatility and steady quarterly income,” says Ryan Shuchman, an investment advisor representative and partner at Cornerstone Financial Services in Southfield, Michigan...
Forbes: Does It Ever Make Sense to Borrow From Your 401(k)?
Chris Carosa, November 7, 2022
“401(k) loans can be harmful from the perspective of investment returns,” says Ryan Shuchman, Investment Advisor Representative and Partner at Cornerstone Financial Services in Southfield, Michigan...
Forbes: Don't Let ROBS Steal Your Retirement
Chris Carosa, November 3, 2022
“The first disadvantage is the C-Corporation requirement, as this structure provides the highest likely taxation rates,” says Ryan Shuchman, Investment Advisor Representative and Partner at Cornerstone Financial Services in Southfield, Michigan...
U.S. News & World Report: How to Recover from Financial Hardship in Retirement
Brian O'Connell, November 1, 2022
“If you plan on borrowing to ease a financial hardship, you must also have a plan to pay it back, or you're just trading one hardship for another,” says Brandon Ashton, director of retirement security at Cornerstone Financial Services in Southfield, Michigan...
Forbes: How to Use Your 401(k) Funds to Start a Business
Chris Carosa, November 1, 2022
“ROBS are unique 401(k) rollovers for an employee who has left their employer and would like to start a business,” says Ryan Shuchman, Investment Advisor Representative and Partner at Cornerstone Financial Services in Southfield, Michigan...
Mortgage Research Center: Buying a Home? How to Recession-Proof Your Credit Score
Sara Sharkey, October 14, 2022
“We do not know how long the economic downturn will be here for or how high inflation will go.” said Cameron Burskey, managing director of retirement security at Cornerstone Financial Services...
U.S. News & World Report: The Ultimate Guide to Dividend Stocks
Coryanne Hicks, October 13, 2022
"Firms may bump up their dividend to compensate for poor fundamentals and share performance, says Daniel Milan, managing partner of Cornerstone Financial Services...
MarketWatch: Are You a 'Quick Quitter'? Job-Jumping May Be Sabotaging Your Retirement.
Jessica Hall, October 10, 2022
"Whether you get a financial adviser is entirely up to you. Do you like finance? Do you want to do your own research? Or do you need broader financial advice?” said Daniel Milan, investment adviser representative and managing partner at Cornerstone Financial Services...
SmartAsset: Where Millennials Are Struggling to Pay Off Credit Card Debt - 2022 Study
Anja Solum, September 22, 2022
"With debt avalanche, you pay the highest balance first but that can take a long time and become discouraging to a lot of people,” says Brandon Ashton, Director of Retirement Security at Cornerstone Financial Services...
U.S. News & World Report: How to Delay Claiming Social Security Until Age 70
Rachel Hartman, September 21, 2022
"For every year you delay taking Social Security benefits beyond your full retirement age, you will receive delayed retirement credits,” says Brandon Ashton, director of retirement security at Cornerstone Financial Services in Southfield, Michigan...
Bankrate: With Mortgage Rates Soaring, Is It Still a Good Time to Invest in Real Estate?
James Royal, September 06, 2022
"An effective real estate strategy needs to be long- term in focus,” says Ryan Shuchman, investment advisor and partner at Cornerstone Financial Services in Southfield, Michigan...
USA Today: Your Federal Student Debt Payments Are Resuming. Don't Get Surprised. Prepare Now.
Medora Lee, August 31, 2022
"It’s important to understand how much you’ll owe each month,” said Daniel Milan of Cornerstone Financial Services in Southfield, Mich...
U.S. News & World Report: Best Investments to Hedge Against Inflation
Coryanne Hicks - August 26, 2022
"Inflation is always a long-term factor for investors to include in their strategy, in particular monitoring their real return," says Ryan Shuchman, investment advisor and partner at Cornerstone Financial Services...
USA Today: Do I Qualify for Student Loan Forgiveness? What to Know About Biden's Debt Plan
Medora Lee, August 24, 2022
"If you haven’t made a student loan payment since the pause began, it’s important to understand how much you’ll owe each month,” Daniel Milan, advisor at Cornerstone Financial Services, said...
Forbes: Inflation and Student Loan Debt - A Good Combination?
Robert Farrington - August 15, 2022
Financial advisor Daniel J. Milan of Cornerstone Financial Services agrees that inflation decreases the purchasing power of individuals regardless of their student loan debt status...
U.S. News & World Report: Here's How You Can Choose Between a Personal Loan and Personal Line of Credit
Coryanne Hicks - August 9, 2022
"Credit score, income and how much you're looking to borrow will all determine how likely you are to receive a loan or line of credit," says Brandon Ashton, director of retirement security at Cornerstone Financial Services...
Wall Street Journal: 20 Ideas for Adjusting Your Stock and Bond Portfolio
Cristina Lourosa-Ricardo - August 7, 2022
Stocks are down, inflation is high and a recession may be looming. We asked financial experts what investors should do.
Barron's: These ETFs Promise Protection in a Down Market. It's Working.
Debbie Carlson - July 28, 2022
"Daniel Milan, managing partner of Cornerstone Financial Services, who uses buffered ETFs and other structured products in his portfolio..."
Sound Dollar: What Is a Keogh Plan?
Devon Delfino - July 25, 2022
"A Keogh plan…can be set up as either defined benefit or defined contribution plans,” says Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Mich..."
Forbes: Hyperinflation - When Inflation Goes Wild
Coryanne Hicks - July 19, 2022
"Hyperinflation is a rare occurrence, and historically has only taken place when a confluence of factors collide, like poor monetary policy, corrupt governments and unstable economies,” says Daniel Milan, managing partner at Cornerstone Financial Services..."
Kiplinger's Personal Finance: 8 Must-Know Facts About Your Benefits
David Rodeck - July 14, 2022
"A lot of people think they'd better wait until age 70 no matter what," says Cameron Burskey, a partner and managing director at Cornerstone Financial Services in Southfield, Mich..."
CNBC: The Big Risks in Buying a House Sight Unseen
Cheryl Winokur Munk - July 06, 2022
"The cities are really strict with permits on new construction. They go in and inspect absolutely everything,” said Cameron Burskey, managing director of retirement security at Cornerstone Financial Services in Southfield, Mich..."
CBS MoneyWatch: What is the Optimal Amount to Contribute to Your 401(k) Plan
Aly Yale - June 23, 2022
"Contribute the maximum your household budget will allow, up to the maximum annual contributions allowed by the IRS," says Daniel Milan, managing partner at Cornerstone Financial Services..."
U.S. News & World Report: 10 Rules for Investing After Retirement
Tony Dong - June 15, 2022
"Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Michigan, notes that "qualified dividends are preferable, as they are taxed at a far more advantageous rate..."
U.S. News & World Report: 7 Best Fidelity Mutual Funds to Buy and Hold
Coryanne Hicks - June 9, 2022
"From a historical perspective, the Fidelity 500 Index Fund is the best long-term, buy-and-hold fund Fidelity offers, according to Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Michigan..."
USA Today: Here Are the Stocks to Buy as the Market Falls and Inflation Rises
Medora Lee - June 9, 2022
"Importantly, we target stocks with dividend increases that meet or exceed the inflation rate,” Daniel Milan, managing partner of Cornerstone Financial Services, said..."
USA Today: Gas Prices Surge Again to Record High By the Driver is Refineries, Not Oil Prices
Medora Lee - June 7, 2022
"And those prices are closer to $250 to $280 per barrel, Daniel Milan, managing partner at Cornerstone Financial Services, said..."
NerdWallet: Undervalued Stocks - What They Are and How to Find Them
Elizabeth Ayoola - June 2, 2022
"Sometimes, stocks are undervalued because they’re pulled down by their sector or the overall market, says Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Michigan..."
Fortune: Is the Economy Stressing You Out? Focus on What You Can Control
Alicia Adamczyk - May 13, 2022
"Doing something rash would keep you from benefitting from the eventual recovery following any potential recession. If you can afford to do so, keep investing, says Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Mich..."
MarketWatch: 4 ETFs Targeting Clean Water, Wind Energy, the Smart Grid - and One That Has Them All
Rachel Koning Beals - April 22, 2022
"Our water thesis is short-term, intermediate-term and long-term,' says Daniel Milan..."
FOX Business: Student Loan Payments Resume in August - Here Are 14 Tips to Help You Prepare
Cortney Moore - April 18, 2022
"The first step you should take is to contact your federal loan officer and obtain all the details on the eligibility for your own specific loans," said Daniel Milan, managing partner at Cornerstone Financial Services..."
CNBC: Some Stocks Pay You Just to Hold Them: Here's Why You Should Invest in Dividend Growth Stocks
Elizabeth Gravier - April 09, 2022
"Growing dividends from high-quality companies can make a significant positive impact on a portfolio,” Daniel Milan, managing partner of Cornerstone Financial Services, tells Select..."
The Balance: Can You Trade Options in a Roth IRA?
Dawn Papandrea - April 07, 2022
"Options trading is when you buy or sell the right to purchase or sell a stock at a future point in time, said Ryan Shuchman, investment advisor and partner at Cornerstone Financial Services in Southfield, Michigan, in an interview with The Balance..."
LendEDU: Precious Metals IRA - How It Works and How to Get Started
Maryalene LaPonsie - April 02, 2022
"Gold and precious metals IRAs may be a good choice for investors as long as they understand the steps and costs involved, says Daniel Milan, managing partner with Cornerstone Financial Services, LLC in Southfield, Michigan..."
U.S. News & World Report: How to Open a Brokerage Account for Your Kids
Coryanne Hicks - April 01, 2022
"Once they reach the age of majority, then the child automatically gains control of the account, which is a con that we point out to clients from a control standpoint," says Daniel Milan, managing partner of Cornerstone Financial Services LLC in Southfield, Michigan..."
Forbes: Are Commodities Right For Your Retirement Portfolio?
Chris Carosa - March 28, 2022
"Commodities can be viewed as another asset class when seen as a way to take advantage of inflation, whereas many other asset classes (albeit not all) are negatively affected by inflation,” says Daniel Milan, Managing Partner of Cornerstone Financial Services in Southfield, Michigan..."
ETF.com: Playing Energy Efficiency with ETFs
Debbie Carlson - March 21, 2022
"Daniel Milan, managing partner of Cornerstone Financial Services, has owned GRID for two years in all of his firm’s ETF model portfolios as an environmentally efficient infrastructure play..."
NerdWallet: 3 Ways Small-Business Owners Will Feel a Fed Rate Increase
Kelsey Sheehy - March 14, 2022
"It depends on the amount and type of debt your business carries, said Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Michigan, via email..."
FiduciaryNews.com: Are Fiduciary Risks Worth Putting Commodities in Retirement Plans?
Christopher Carosa - March 8, 2022
"From a fiduciary standpoint, it can be argued that the inherent volatility risk makes it unsuitable for long-term investors and thus not the best asset class to have in retirement plans, especially for a plan sponsor,” says Daniel Milan, Managing Partner of Cornerstone Financial Services in Southfield, Michigan..."
Kiplinger's Personal Finance: 6 Reasons to Avoid a Self-Directed IRA
David Rodeck - February 25, 2022
"Red flags for fraud can include brand new investment companies with no track record, claims for unreasonably high levels of return or a lack of third-party oversight, such as audits from a reputable CPA firm," says Ryan Shuchman, an investment adviser and partner at Cornerstone Financial in Ann Arbor, Mich..."
NBC News: Investor Fears Over Russia-Ukraine Conflict Are Overblows, Experts Say
Martha C. White - February 25, 2022
"In the short term, volatility should be expected,” said Daniel Milan, managing partner at Cornerstone Financial Services..."
Barron's: Go Ahead, Retire at 62 and Claim Social Security at 67. Your Benefits Will Climb.
Nick Fortuna - February 21, 2022
"However, the increase in benefits by working until 67 either to fill in gaps in work history or to maximize high earnings likely would be “nominal,” according to Ryan Shuchman, investment advisor at Cornerstone Financial Services..."
Forbes: What is The Prime Rate?
David Rodeck - February 15, 2022
"The last time rates were this low was during the financial crisis, when prime rates were also 3.25% starting in December of 2008,” says Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Mich..."
FiduciaryNews.com: Fiduciary Challenges for Merging 401(k) Plans
Chris Carosa - February 8, 2022
"The first item to determine is what type of merger is taking place,” says Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Michigan..."
AARP: How to Calculate Capital Gains and Losses on Your Tax Return
Adam Shell - February 7, 2022
"You can bump up to a higher tax bracket,” says Daniel Milan, managing partner at Cornerstone Financial Services..."
U.S. News & World Report: What is a Robo Advisor and When Should You Use One?
Coryanne Hicks - February 3, 2022
"Often younger investors like to get their feet wet with a robo advisor, says Ryan Shuchman, investment advisor and partner at Cornerstone Financial Services..."
U.S. News & World Report: How to Advise Clients on Wash Sale Rules
Coryanne Hicks - February 2, 2022
"The intent of the wash sale rule is to prevent an investor from claiming 'artificial' loss," says Daniel Milan, managing partner of Cornerstone Financial Services..."
Reuters - Global Financial Sector ETFs See Huge Inflows This Year
Patturaja Murugaboopathy - January 26, 2022
"When interest rates rise, as will happen in 2022, banks’ earnings will increase dramatically due to the higher interest rates, which creates a great spread between the interest they make lending and what they pay in interest,” said Daniel Milan, managing partner at Cornerstone Financial Services, based in Michigan..."
The Balance: Financial Changes to Make After Buying a Home
Dawn Papandrea - January 18, 2022
"To maintain your financial health as a new homeowner, prepare your budget for the changes you’ll face, Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Michigan, told The Balance in a phone interview..."
CNBC: Here Are your Best Money Moves Before Interest Rates Rise
Jessica Dickler - January 5, 2022
"People are terrified because they see interest rates are going to go up,” added Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Mich..."
Bankrate: How to Use a Cash-Out Mortgage Refinance to Invest in Stocks
Bankrate: How to Use a Cash-Out Mortgage Refinance to Invest in Stocks
Erik J. Martin - January 4, 2022
"There are also no restrictions on doing a cash-out mortgage refinance, if you’ve built up significant equity in your home, and then turn around and invest those funds in the stock market, according to Daniel Milan, managing partner at Cornerstone Financial Services in Southfield, Mich..."
Kiplinger's Personal Finance: New Year's Resolutions to Set Retirees Up for a Successful 2022
David Rodeck - December 27, 2021
"That's how you see where cash can be freed up for your other goals, says Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Mich..."
U.S. News & World Report: Should You Include Real Estate in Your Retirement Plan?
Rachel Hartman - December 15, 2021
"The investor must buy the real estate strictly for investment purposes,” says Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Michigan..."
Business Insider: Weighted Average Cost of Capital: A Measure of the Rate Companies Pay to Finance Their Operations
Vandita Jadeja - November 23, 2021
"The formula uses the cost of each of the sources of capital and weighs them relevant to the market value of the business," says Daniel Milan, an investment advisor at Cornerstone Financial Services..."
U.S. News & World Report: 10 Things to Do Before Resigning
Maryalene LaPonsie - November 22, 2021
"It’s not enough to have another job lined up,” says Brandon Ashton, director of retirement security at Cornerstone Financial Services in Southfield, Michigan..."
Business Insider: Understanding Intangible Assets and How They Generate Value for Investors and Businesses
Chonce Maddox - November 19, 2021
"Companies will often provide a value via an expense booking for intangible assets that are required," says Daniel Milan, managing partner at Cornerstone Financial Services..."
FOX 2 Detroit: Tips to Avoid ATM Fees
Roop Raj - November 1, 2021
Ryan Shuchman of Cornerstone Financial Services discusses ways viewers can avoid high out-of-network ATM fees on FOX 2 Detroit.
Forbes: An Introduction to Impact Investing
David Rodeck - October 26, 2021
“The issue in the U.S. lies in the fact there are currently no uniform rules or definitions around what this type of investing really means,” says Daniel Milan, managing partner and investment advisor at Cornerstone Financial Services..."
WWJ-AM: Will Social Security Be There When You Need It?
Murray Feldman - October 25, 2021
“Daniel Milan, managing partner at Cornerstone Financial Services in Southfield, says enrolling as soon as you can based on your age will make sure that you’re in the system and receiving benefits when, and if, any changes are made..."
U.S. News & World Report: 3 Value REITs to Buy for an Economic Recovery
Coryanne Hicks - October 4, 2021
“This is my favorite value play within the REIT space today," says Daniel Milan, managing partner of Cornerstone Financial Services..."
Forbes: When Should Parents Start Saving for College?
Robert Farrington - October 4, 2021
“Daniel Milan, managing partner of Cornerstone Financial Services in Michigan, says one of the best ways to save for higher education is with a 529 college savings plan..."
U.S. News & World Report: 7 Invesco Funds to Buy and Hold
Debbie Carlson - September 17, 2021
“Daniel Milan, financial advisor and managing partner of Cornerstone Financial Services, says he is using BSJM as a short-term, high-yield option..."
Kiplinger's Personal Finance: Water Investing - 5 Funds You Should Tap
Coryanne Hicks - September 10, 2021
“Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Michigan, has been investing in water via the First Trust Water ETF (FIW, $90.50) in portfolio models for the past four years..."
U.S. News & World Report: How to Take a 401(k) Loan
Rachel Hartman - September 8, 2021
“The maximum 401(k) loan amount is limited. "401(k) loans are capped at 50% of your account value or $50,000, whichever is lower," says Ryan Shuchman, an investment advisor and partner at Cornerstone Financial Services in Southfield, Michigan..."
NextAdvisor: Home Equity Loans and HELOCs Come With Closing Costs. Here's What to Expect
Stephen Bronner - September 3, 2021
“The size of the loan partly determines the fees,” says Daniel Milan, managing partner of Cornerstone Financial Services, a financial services firm..."
ETF.com: ETF Demand From an Advisor Perspective
Debbie Carlson - September 1, 2021
“Daniel Milan, managing partner at Cornerstone Financial Services, says he’s had a few clients or prospects who know enough about ETFs to ask him to use these in their portfolios because they’ve done some of their own research—but that’s rare, a sentiment shared by the other advisors..."
Barron's: Worried About Tapering? Here's How Retirement Savers Can Adjust Their Portfolios
Nick Fortuna - August 31, 2021
“Daniel Milan, managing partner of Cornerstone Financial Services, said older workers seeking lower-risk investment vehicles should consider floating-rate funds..."
Forbes: The Top 5 Questions Professionals Hear from Business Owners (And the Answers They Offer)
Chris Carosa - August 25, 2021
“When he’s asked “How can I best utilize the tools available by the IRS and current regulations to minimize or mitigate my taxes?” Daniel Milan, Investment Advisor and Managing Partner of Cornerstone Financial Services in Southfield, Michigan, says..."
The Balance: What Is a Forward Dividend Yield?
Dan Marticio - August 20, 2021
“Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, MI, told The Balance in an email that forward dividend yield should be used after researching the company’s dividend policy and stability.
NerdWallet: Need Cash? Your Brokerage Account May Offer a Handy Solution
Tiffany Lam-Balfour - August 9, 2021
“It allows the investor to continue with their investment strategy without having to liquidate any holdings,” says Daniel Milan, managing partner at Cornerstone Financial Services in Southfield, Michigan..."
MoneyGeek: Guide to Credit and Credit Cards for Students
Ella Vincent - August 6, 2021
Expert insight on credit cards for students.
Barron's: Wealth Clients Clamor for Backdoor Roth IRAs. Advisors May Wan to Keep that Door Shut
Kate Gibson - August 3, 2021
“The IRS makes the rules, and then really smart people and their advisors figure out what they can do within the rules,” says Ryan Shuchman, senior partner, Cornerstone Financial Services in Southfield, Mich..."
WXYZ-TV: Eviction Moratorium Ends July 31
July 31, 2021
Metro Detroit financial advisor, Daniel Milan of Cornerstone Financial Services, shares four tips to help those impacted catch up on rent payments.
Kiplinger's Personal Finance: Make a Shopping List for Stocks
Adam Shell - July 29, 2021
"Keep an eye on leaders in businesses with a bright growth outlook that are likely to generate sales and profits well into the future, says Daniel Milan, managing partner at Cornerstone Financial Services..."
Forbes: The Eviction Ban Is Almost Over. Here's What Struggling Renters Should Know.
Natalie Campisi - July 28, 2021
"Work out a payment plan with your landlord. Communication is key. Figure out what they’re willing to accept for rent,” says Daniel Milan, managing partner at Cornerstone Financial Services in Southfield, Mich..."
Kiplinger's Personal Finance: Shield Your Portfolio from Inflation
Adam Shell - July 26, 2021
"Dan Milan, managing partner at Cornerstone Financial Services, is bullish on Simon Property Group. Simon’s upscale malls, he says..."
Inc.: How the New Child Tax Credit is Helping Parent Entrepreneurs
Gabrielle Bienasz- July 15, 2021
"The child tax credit will affect people at a "wide range" of income levels, says Daniel Milan, managing partner at Cornerstone Financial Services based in Southfield, Michigan..."
Money: The Best Ways to Spend Your Child Tax Credit Money, According to Experts
Kenadi Silcox - July 14, 2021
"Figure out what are the most immediate needs,” says Daniel Milan, a managing partner at Cornerstone Financial Services..."
Money: 6 Expert Tips for Navigating the New Monthly Child Tax Credit
Kenadi Silcox - July 5, 2021
"Instead, Daniel Milan, a managing partner at Cornerstone Financial Services says parents should first and foremost figure out where the most pressing gaps in their budget are and make spending decisions from there..."
Barron's: Americans Stockpiled Tons of Savings During COVID. Advisors Are Begging Them Not to Squander It.
Kate Gibson - July 2, 2021
"It’s made everybody a budget hero,” says Ryan Shuchman, senior partner at Cornerstone Financial Services in Southfield, Mich..."
U.S. News & World Report: What Does a Financial Advisor Do?
Coryanne Hicks - July 1, 2021
"The need for day-to-day activities that add value to clients leads advisors to workplace situations that "revolve around client education, client communication, client strategy meetings, advisor education and continued active asset allocation improvement and research," says Daniel Milan, managing partner at Cornerstone Financial Services in Southfield, Michigan..."
NextAdvisor: What Is Cash App? The Pros, Cons and Features of The Popular Payment Service
Julian Dossett - June 28, 2021
"Cash App might make sense for a new investor seeking to get started,” says Ryan Shuchman, investment advisor and partner at Cornerstone Financial Services..."
FiduciaryNews.com: What's Better Than a 401(k) for Solopreneurs?
Christopher Carosa - June 8, 2021
"Typically, a Solo 401k or a SEP IRA is recommended for a single owner/employee business,” says Daniel Milan, investment advisor and managing partner of Cornerstone Financial Services in Southfield, Michigan..."
Authority Magazine: Investing During the Pandemic; What Should I Do With My Money Considering All of the Volatility and Uncertainty Today?
Jason Hartman - May 28, 2021
"As part of my series about "Investing During The Pandemic," I had the pleasure of interviewing Ryan Shuchman..."
U.S. News & World Report: Renting vs. Buying a Home - Which is Smarter?
Geoff Williams - May 17, 2021
"Brandon Ashton, director at Cornerstone Financial Services, in Southfield, Michigan, is a little more blunt: "If your credit report is a mess, then you are probably not ready to purchase a home," he says..."
U.S. News & World Report: Questions to Ask Your Advisor During Volatile Markets
Debbie Carlson - May 14, 2021
"Understanding how a financial advisor is paid is important no matter what markets are doing, but it can be especially pertinent when markets are frothy, says Ryan Shuchman, investment advisor and partner at Cornerstone Financial Services..."
Next Advisor: Investing for Beginners: Where to Invest Your First $500 Right Now
Stephen J. Bronner - May 13, 2021
"From a safety standpoint, it is best to let the company list for a while, until at least its first earnings report, so you can evaluate the company from a cash flow standpoint. Otherwise, it’s like throwing a dart in the dark,” says Daniel Milan, managing partner of financial advisor firm Cornerstone Financial Services in Southfield, Michigan..."
Barron's: To Rent or Buy in Retirement? Here Are the Pros, Cons, and Considerations.
Cheryl Winokur Munk - April 10, 2021
"You can amortize these costs over 20 years to make them minimal, but if you’re talking 5 to 10 years, it can make it less financially conducive, says Daniel Milan, managing partner of Cornerstone Financial Services in Birmingham, Mich."
U.S. News & World Report: 9 Best Municipal Bond Funds to Buy and Hold
Debbie Carlson - March 19, 2021
"Daniel Milan, managing partner at Cornerstone Financial Services, says he generally prefers ETFs to actively managed funds, but in the current low interest rate environment, paying for active management makes sense."
U.S. News & World Report: Best Student Loans for Bad Credit
Coryanne Hicks - March 5, 2020
"Make sure you are doing your homework on the total costs of your loan over time and not just choosing based on interest rate alone,” says Brandon Ashton, director of retirement security at Cornerstone Financial Services, Southfield, Michigan."
Forbes: Value Stocks - How to Invest in Undervalued Companies
Kat Tretina - February 24, 2021
"Value stocks can provide lower volatility and steadier growth over the long run,” says Ryan Shuchman, investment advisor and partner at Cornerstone Financial Services..."
Bankrate: High Yield or Not, These 4 Mobile Bank Apps Try to Get You in the Habit of Savings
Sarah Sharkey - February 17, 2021
"Cameron Burskey, managing director at Cornerstone Financial Services, recommends keeping the risk of overdrafting your checking account in mind..."
NextAdvisor: 40-Year Mortgages Have Lower Payments. But There's a Big Catch
Erik J. Martin - February 9, 2021
"Ryan Shuchman, an investment advisor and partner at Southfield, Michigan-based Cornerstone Financial Services, explains that 40-year mortgages appeal to those with their eye on the bottom line...."
Kiplinger's Personal Finance: 11 Defensive Stocks to Buy Now for Harder Times Later
Dana Blankenhorn - February 8, 2021
"Verizon's laser focus on going all-in on 5G positions it as a strong investment opportunity with a strong yield," says Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Michigan..."
FiduciaryNews.com: 3 Reasons Companies Should Ditch Their Stand-Alone 401(k) and Join a 401(k) PEP
Christopher Carosa - January 26, 2021
"PEP plans are viable options that small businesses may want to consider and they’re so powerful that they completely changed the quality and access for small businesses in regards to the 401k plans going forward,” says Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Michigan..."
Money: Green Tech Stocks Still Have Room to Grow. Here's How They Can Fit Into Your Portfolio
Mallika Mitra - January 26, 2021
"When you think of “green tech” you might automatically think of renewable energy or electric car companies. But the space is much broader than that, says Daniel Milan, a financial advisor and managing partner with Cornerstone Financial Services in Southfield, Mich..."
NerdWallet: How to Right Your Retirement Savings After Coronavirus Setbacks
Tiffany Lam-Balfour - January 25, 2021
"If you had to take a 401(k) loan or withdrawal, empty an IRA out or dig into your Roth, don’t worry, there are ways you can get back on track without it greatly affecting your retirement goals,” says Cameron Burskey, managing director of retirement security at Cornerstone Financial Services in Southfield, Michigan..."
Forbes: Crypto is Everywhere, But Should You Invest?
Robert Farrington - January 18, 2021
"Ryan Shuchman, partner of Cornerstone Financial Services in Southfield, Michigan also points out that crypto investors are required to use non-traditional custodians to acquire and manage their funds..."
Money: Why Emerging Market Stocks Are Poised for a Post-COVID 19 Comeback
Cheryl Winokur Munk - January 13, 2021
"Emerging markets are also attractive given research that shows their middle-class populations growing significantly, says Daniel Milan..."
FiduciaryNews.com: Do 401(k) MEP/PEPs REally Reduce Fiduciary Liability for Member Companies?
Christopher Carosa - January 12, 2021
"MEP/PEPs reduce fiduciary liability on both the investment fund selection side and administrative side,” says Daniel Milan, managing partner of Cornerstone Financial Services in Southfield, Michigan..."
GoBankingRates.com: Popular Companies Set to Make a Comeback in 2021
Gabrielle Olya - January 11, 2021
"Daniel Milan, managing partner at Cornerstone Financial Services, told USA Today that Hilton has the potential to outperform the market in 2021 thanks to an increased demand for hotel rooms as the pandemic wanes..."
PlanSponsor: Sponsors Have Many Considerations as PEPs Hit the Market
Lee Barney - January 7, 2021
"Certainly, one of the biggest attractions of a PEP is that it takes on the 3(38) fiduciary oversight of the investments, notes Daniel Milan, managing partner of Cornerstone Financial Services..."
FiduciaryNews.com: How Is An Open 401(k) MEP/PEP Different from a Stand-Alone 401(k) Plan?
Christopher Carosa - January 5, 2021
"A 401k MEP/PEP allows small businesses to offer a 401k plan to their employees while benefiting from low-cost institutional pricing by leveraging multiple companies being on the same platform,” says Daniel Milan..."
USA Today: Disney, AutoZone, and PayPal Are Among 21 Stocks You Should Consider Buying in 2021, Stock Experts Say
Adam Shell - January 5, 2021
"Investors looking for a disruptor that can take advantage of the trend towards touchless payments accelerated by the pandemic should consider PayPal, which owns Venmo, says Daniel Milan, managing partner at Cornerstone Financial Services..."
U.S. News & World Report: 7 ESG Funds to Buy Under a Biden Administration
Debbie Carlson - January 4, 2021
"Daniel Milan, managing partner at Cornerstone Financial Services, likes SNPE for how well it mirrors the S&P 500..."
ETF Trends: After a Watershed Year, What's the Outlook for Energy?
Debbie Carlson - January 4, 2021
"Daniel Milan, financial advisor and managing partner of Cornerstone Financial Services, says the strong yields for two top energy ETFs show just how badly the sector was hit this year..."