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Greetings from all of us at Cornerstone,
We are committed to share with you current topics that we feel are relevant and timely.  This quarter we have selected three articles: 
  • Qualified plan contribution limits for 2015, spoiler alert... some have increased and others have not.  
  • Helpful tips for parents or families supporting children through the college student loan process.  
  • The "one IRA rollover per year limit" applicable in 2015.  
We hope that these articles are helpful as you encounter the financial challenges of everyday life.  As always, if you have ideas for upcoming topics or feedback on the newsletter we would love to hear from you.  Thank you for the privilege of continuing to assist you on your journey to meet your financial goals.  

2015 Contribution Limits

When contributing to your retirement plan this year you want to keep some key numbers in mind.  Whether it is an IRA or 401(k) be sure you know your limits. 

When do I need to submit college financial aid forms?

It depends on the form you're filling out and whether your child is a new college student or a returning student.

Revised One-Rollover-Per-Year Limit
Applies in 2015--IRS Clarifies Rules

The Internal Revenue Code says that if you receive a distribution from an IRA, you can't make a tax-free (60-day) rollover into another IRA if you've already completed a tax-free rollover within the previous one-year (12-month) period.
Chad Halbur
President and Shareholder
Anthony Botticella
EVP and Managing Director
Cornerstone was proud to sponsor an event highlighting the advantages of using a South Dakota trust at the Heckerling Estate Planning Conference in January.
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Cornerstone Trust
2101 W 41st Street, Suite 2000
Sioux Falls, SD 57105

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