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Lisa Hay

CFP®, CPA, RICP®, AIF®
Retirement, Investing, Taxes
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“Fee-Only Financial Planner and Investment Advisor Committed to Delivering Confidence and Peace of Mind Through Tax-savvy Investment Strategies and Personalized Retirement Planning”
Firm:

Cornerstone Capital Advisors

Job Title:

Lead Advisor

Biography:

Lisa Hay is a Lead Advisor with Cornerstone Capital Advisors, a fee-only Financial Planning and Investment Advisory Firm. 

Lisa helps bring clarity to the complex world of investing, taxes, estate planning, retirement and other life and career transitions.  Lisa coordinates the many different pieces of your financial puzzle – delivering the confidence and peace of mind that comes from having a plan in place.

Utilizing her years of experience as a CPA, Lisa provides integrated tax-savvy solutions for her clients' wealth management needs in areas such as retirement withdrawal strategies, Social Security planning, and charitable giving. Nearly every aspect of financial planning and investing has tax implications, yet most wealth management firms do not have the expertise to integrate the many crucial considerations. 

LIsa further enhanced her professional training through her study and attainment of the Retirement Income Certified Professional (RICP®)designation

As an Accredited Investment Fiduciary (AIF®), Lisa is committed to putting her clients best interest first at all times.

Lisa truly cares about her clients – not just their money, but their well-being and fulfillment in life.  Limiting the number of people she works with allows Lisa to give each client the attention and care they deserve.  She is committed to taking the time to listen carefully to understand what is really important to you: aligning your financial goals and decisions to help you achieve your most cherished life and legacy goals.  

In addition to her passion for making a difference in client’s lives through her professional endeavors, Lisa is actively involved in community and church, where she  serves on the leadership team of the Generous Life Ministry.

As a passionate advocate of consumer financial education, Lisa has authored numerous books on financial topics related to personal financial management and retirement planning.

Education:

BS, Business Administration and Accounting, University of Tulsa

Assets Under Management:

$550 million

Fee Structure:

Fee-Only

CRD Number:

6277358

Disclaimer:

Lisa Hay is an employee of Cornerstone Capital Advisors, an SEC Registered Investment Advisor.  Any views or opinions expressed here are that of her own and not necessarily those of Cornerstone, its owners, or employees.

All Answers
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    Financial Planning, Social Security
If I turn 70 years old and begin collecting Social Security benefits and continue working, will my income impact the calculation of my benefits?
100% of people found this answer helpful

I am not sure that I correctly understand the intent of your question, since I interpreted it differently than others who offered responses.

As other responders have indicated, if you keep working at a higher enough salary, this may increase your lifetime earnings average, and therefore increase your retirement benefits in future years.

However, I thought that you might  be asking about the penalty for working while receiving SS retirement benefits. Because you are over Full Retirement Age, that penalty would NOT apply to you. 

In case folks who are under Full Retirement age might read this, I will give a brief explanation of the penalty:

Before reaching full retirement age, the money you earn over a certain amount each year may reduce your Social Security retirement benefits. For the year 2018, this limit on earned income is $17,040 ($1,420 per month). If you are collecting Social Security retirement benefits before full retirement age, your benefits are reduced by $1 for every $2 you earn over the limit. Once you reach full retirement age, there is no limit on the amount of money you may earn and still receive your full Social Security retirement benefit.

Here is a link to additional information on the SS website; https://www.ssa.gov/planners/retire/whileworking.html

Hope this provides some clarity!

My best,
Lisa

 

October 2018
    Debt, Social Security, Investing, Annuities, IRAs
Can qualified charitable contributions be used as required minimum distributions (RMDs) from a variable annuity tax-deferred IRA to minimize taxable income?
100% of people found this answer helpful
September 2018
    IRAs, Charity
Can I write a check from my IRA to use as a qualified charitable distribution (QCD)?
100% of people found this answer helpful
September 2018
    Banking, Retirement
Is there a certain balance I should keep in a checking account when my retirement accounts are set?
100% of people found this answer helpful
September 2018
    Taxes
If my parents gift an amount significantly larger than the annual gift tax exemption, but below the lifetime cap, can they file a Form 709, and not have to pay taxes if the amount of lifetime gifts by them is below the lifetime cap?
100% of people found this answer helpful
July 2018