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David L. Hoshour AIF®

Specializing in a low cost, fiduciary best practices approach to improving retirement plans.

Cornerstone Investment Services, Inc.

Indian Trail


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Advisor Services

  • Pension Consulting
    • -401k
    • -403b
    • -457
    • -Defined Benefit
    • -Other Pension Consulting
  • Portfolio Management
    • -Individuals and/or Small Businesses
    • -Businesses or Institutional Clients
    • -Other Portfolio Management


Funds Used With Clients

Fund Assets in Fund
Fidelity Select Health Care Portfolio <$1M
Fidelity Real Estate Investment Portfolio <$1M
Cohen & Steers Realty Shares, Inc <$1M
Thompson Bond Fund <$1M
T Rowe Price Emerging Markets Stock Fund <$1M
GuideStone Funds Equity Index Fund <$1M
Vanguard Strategic Equity Fund <$1M
Vanguard Selected Value Fund <$1M
Schwab S&P 500 Index Fund $1M-$10M
Oakmark Fund <$1M
Oakmark International Fund <$1M
T Rowe Price Value Fund, Inc <$1M
Buffalo Discovery Fund <$1M
Dodge & Cox International Stock Fund <$1M
Vanguard Wellesley Income Fund <$1M
Vanguard Equity Income Fund <$1M
FMI Large Cap Fund <$1M
Parnassus Core Equity Fund <$1M
Vanguard Growth Index Fund <$1M
Shelton Nasdaq-100 Index Fund $1M-$10M
Calamos Market Neutral Income Fund <$1M
Scout Mid Cap Fund <$1M
Goldman Sachs Small Cap Equity Insights Fund <$1M
Federated MDT Small Cap Growth Fund <$1M
PIMCO Income Fund <$1M
PIMCO Total Return Fund <$1M
Frost Total Return Bond Fund <$1M
Fidelity Mid-Cap Stock Fund <$1M
Eaton Vance High Income Opportunities Fund <$1M
Goldman Sachs International Small Cap Insights Fund <$1M
Vanguard 500 Index Fund <$1M
MFS International Value Fund $1M-$10M
Janus Global Life Sciences Fund <$1M
Vanguard Small-Cap Growth Index Fund <$1M
Vanguard Small-Cap Value Index Fund <$1M
Prudential Jennison Health Sciences Fund <$1M
JOHCM International Select Fund <$1M
Janus Triton Fund <$1M
Calvert Emerging Markets Equity Fund <$1M
Oppenheimer Senior Floating Rate Fund $1M-$10M
Columbia Mid Cap Index Fund <$1M
Loomis Sayles Bond Fund <$1M
John Hancock Disciplined Value Mid Cap Fund $1M-$10M
DoubleLine Total Return Bond Fund <$1M
Merger Fund <$1M
Delaware Healthcare Fund <$1M
DoubleLine Shiller Enhanced CAPE <$1M
Columbia Small Cap Index Fund <$1M
Emerald Growth Fund <$1M
Glenmede Secured Options Portfolio <$1M
Vanguard Small-Cap Index Fund <$1M
Tributary Small Company Fund <$1M
Parnassus Mid Cap Fund <$1M
Steward Small-Mid Cap Enhanced Index Fund <$1M
Glenmede Large Cap Core Portfolio <$1M

    Firm Client types



    No timeline events available.
    Employer Years Dates
    Cornerstone Investment Services 25 years, 3 months Jan 1995 - Present

    Designations & Memberships

    • Accredited Investment Fiduciary
      Accredited Investment Fiduciary
      The Accredited Investment Fiduciary® (AIF®) designation represents a thorough knowledge of and ability to apply the fiduciary practices.
    • Professional Plan Consultant
      Professional Plan Consultant
      This designation signifies a commitment to education and service excellence in the qualified plan industry.

    Articles and Answers

    Insights by David Hoshour

    Why Low Interest Rates are Bad for the Economy
    Published 2015-04-29 08:43:37
      *Articles are published by advisors without compensation.


      Ask a financial questionAsk a question
      I have a 401k from 1997 or maybe earlier that I totally forgot about; how do I go about getting that money? I was Diagnosised with Breasted Cancer/ Lymphoma. Had a Bone Marrow Transplant aswell. So I could really use this Money tor Bills Etc...
      According to LifeStart, ING now handles their 401k. Hopefully, ING can help you out. If not, Jason Hull's suggestion to contact the National Registry of Unclaimed Retirement Benefits is a good one....  (more)
      Answered Mar 2013
      Ihad almost 90,000.00 in my 403 right before the market disaster in 2008. I am finally up there again. how do I keep from loosing it in the event of another crash?
      You did the right thing by staying in the market and riding the recovery back. But, if you don't want to go through that again, I don't blame you. First, we have had two crashes in the years in a short time - 2000 to 2007 and that is extremely unusual. It would be unprecedented to see a third withou...  (more)
      Answered Mar 2013
      I know that im trying to find out how long it takes for a company to send a response to your 401k so they can distribute my money?
      This depends on whether you are requesting money as an employee in the form of a hardship withdrawal or loan or, on the other hand, as a former employee who is asking for your funds to be distributed to you, either in a check or directly rolled over to another plan or IRA. Which of these is your si...  (more)
      Answered Mar 2013
      I know that im trying to find out how long it takes for a company to send a response to your 401k so they can distribute my money?
      In any case, how quickly you will get a distribution varies by the plan and what it has listed in the plan document. This is summarized for you in the Summary Plan Description (SPD) which you should have received when you were hired or when the 401k was first put in place, if that was after your hir...  (more)
      Answered Mar 2013
      I'm currently in the process of purchasing a home. I trying to decide which would be the best approach to paying for the downpayment/ closing costs of the home. I am a first time home buyer and wanted to know if it was a good idea to borrow from my 401k?
      Borrowing money for a down payment to borrow money is almost never a good idea, even if it is your own funds. Not only do you have the borrowing costs on the mortgage but the 401k repayment too. That could make for a cash flow crunch, not to mention the hit to your retirement savings.I would wait t...  (more)
      Answered Mar 2013
      Is it a good idea to invest in my company's stock?
      Yes, investing in company stock can be a good idea, depending on the company, how well you can keep emotions at bay when considering when to sell it, and with the caveat that it should not comprise more than 10% of your overall portfolio. Unless it is a heavy dividend payer, consider investing in it...  (more)
      Answered Apr 2013
      Is it worth it to hire a financial advisor?
      It depends on who you pick and why. Advisers vary a great deal in their competence, performance, service, and how well they work with you. Look for an experienced fee-only adviser because their pay does not vary with what they recommend, nor do they get commissions or contest awards that often skew ...  (more)
      Answered Apr 2013
      How do i withdraw from my 401k?
      I would advise someone to get a second job before I would advise them to take money out of their 401(k) unless it is a medical or other very serious emergency, that is unless they are a single parent. That applies whether you are still employed there or have left the company.Don't take retirement f...  (more)
      Answered Jan 2014
      How should I plan for my retirement if my employer doesn't offer retirement benefits?
      To plan for something as important as your retirement, you really should sit down with a salaried or fee-only professional. While there are a lot of good thoughts expressed in the other answers to your question, a forum is not really the place to design your individual retirement plan. If you are j...  (more)
      Answered Mar 2013
      Is it better to max out my 401k early on in the year or spread it out and make regular contributions?
      Max out your 401k early in the year and for the rest of the year, take what you would have put into the retirement account each paycheck and put it into another investment vehicle. That will give you the best of both worlds - more time for your 401k contribution to work and dollar-cost averaging for...  (more)
      Answered Apr 2013
      My financial advisor ,UBS, has recommended putting a portion of my money with Northcoast Asset Management's Can Slim program. It would be about 20% of my assets with them. What is your thoughts on this strategy?
      I am not a fan of wrap fee programs, if that is how you would be doing this. Fees tend to be high, and for some reason, performance often seems to come in less than advertised. You get a ton of confirmations, and 1/5 of your money with one manager is not enough diversification. The idea of customize...  (more)
      Answered May 2013
      Is it possible to convert a traditional 401k to a roth in increments so I do not get taxed on the entire sum at once?
      You'll have to check with your former employer as to whether they will allow less than a total distribution after termination. Vanguard will allow you to roll in money from a traditional 401(k) to a Vanguard Roth 401(k), assuming that your new employer has elected to have a Roth option available in ...  (more)
      Answered Jan 2014
      Is it a good idea to put my earnings from sold stock into my IRA then take that money out as a loan from the IRA?
      As others said, you cannot take a loan from an IRA. However, it sounds like you can avoid federal capital gains tax if you are in a low tax bracket because investors in the 28% or lower bracket do not pay federal income taxes on capital gains. However, if your state has an income tax, you will be s...  (more)
      Answered Jan 2014
      I have 100% of my retirement money in a target date fund. Do you consider that diversified enough or not?
      I have six main concerns. (1) The allocation may not be right for you because one size rarely fits all. (2) The future allocation may not be what is right for you (3) You may not understand what the current allocation is and how it changes over time (4) The diversification is only among funds in the...  (more)
      Answered Apr 2013
      My 401k plan has a huge number of investment choices. Where can I find help on how I should pick where to invest in my plan?
      I agree with other's advice to ask your financial adviser's advice, but I suspect you would have done that if you had one. The best two places online for you to check out funds yourself are Morningstar and Lipper. It may be worth it for you to pay a monthly fee, at least one month a year, for an upg...  (more)
      Answered Apr 2013
      Is it ok to ask my financial adviser what funds they invest their personal assets in?
      I see all these "Yes" answers above, but I disagree somewhat. All my portfolios are customized for the unique circumstances of the individual client. What may be appropriate for me, may not be for them. For example, a client wanting primarily income and safety will largely have different investments...  (more)
      Answered Apr 2013
      What does it mean when they say a specific retirement will add additional years of work? Compared to doing what?
      Here is the answer to your question from the Brightscope FAQs page:The best way to understand the delay in retirement age calculation is to understand the BrightScope RatingTM calculation. First, BrightScope defines the characteristics of the average participant (AP) in a 401k plan. The AP is defin...  (more)
      Answered Apr 2015
      Hello I worked for GDX Automotive for 6 yrs. with pension benefits can I cash out any funds now at age 47 and how.
      If you are no longer employed there you can usually roll it over to an IRA or sometimes another plan, but if you want to take it in cash before you turn 59 1/2, unless you are permanently disabled or have a severe financial need you will pay fedeal and state income taxes and a 10% penalty if it doe...  (more)
      Answered Apr 2015
      I just received a job offer and am wondering if the 401K plan is good or not?
      To evaluate whether a 401(k) is good or not, you should look at:Company match - you already know thatProfit-sharing - ask if the company often makes profit-sharing contributions in addition to the matchFees - ask for a copy of the last fee disclosure to employees, check on whether the funds are i...  (more)
      Answered Jan 2014
      What steps would I take to borrow against my 401k plan for payback?
      Bryan said it well. Let me add that I am glad to see you borrowing rather than taking a hardship withdrawal, though you may not have qualified for that. Be aware that you pay interest on your 401k loan. Now, the interest gets paid back into your account so you are actually paying yourself the inte...  (more)
      Answered May 2015
      I no longer work for the company and have funds in account. How can I get access to the account to roll into an IRA?
      You may have 4 choices - take a taxable distribution, keep it in the current plan, roll it into your current retirement plan or roll it into an IRA. You should nearly always avoid the first and usually it is best to skip door #2 as well because you can lose track of former employer 401k balances, t...  (more)
      Answered May 2015
      How do i find out how much retirement i have even if i no longer work at m-tek?how do i go by getting it .
      Call the M-Tek HR Department at (931) 728-4122 or (615) 459-2964 and they can answer your question....  (more)
      Answered Apr 2015
      How do I find my retirement plan?
      If you are asking how to find your company plan on the Brightscope site, just go to, click on Research a Retirement Plan and type in the name of the plan in the popup box. It will then come up if Brightscope has information on it. For plans that are not listed, contact Brightscop...  (more)
      Answered Apr 2015
      I have 466K in a 403b thru my employer in a 2025 moderate model. Should I use Morningstar to manage?
      Morningstar will "manage" your account by pigeonholing you according to the input you give them on a questionnaire and giving you a recommended allocation that may change over time. However, a person with your level of assets should look into hiring an independent fee-only advisor who has the abilit...  (more)
      Answered May 2015
      Am I paying my 401k financial advisor too much?
      ERISA, one of the main laws that govern qualified retirement plans, dictates that the plan may not pay any more than "reasonable" compensation for services performed. Further, the services must be necessary. 1) Talk to your advisor about what he is doing for your plan and tell him to BE SPECFIC and ...  (more)
      Answered May 2015
      If there is a debt to be paid in a trust and the person dies, does the debt transfer?
      You are going to need an attorney to sort this out. Laws vary by state, by type of property and type of trust. There is no correct universal answer. Because this likely represents a good bit of money, it will likely be well worth your while to contact an estate planning attorney that practices in th...  (more)
      Answered Apr 2015
      Do I have a 401k account with you?
      Shayne, call Janet in the H.R. Dept. at Ohio Valley Home Health and she can tell you the answer to that. Her number is 330-385-2333. She should be able to locate your records if you still have assets in the plan or tell you if you have a different status. Janet should also be able to tell you who t...  (more)
      Answered Apr 2015
      I need to take out $3700 from my traditional IRA and have no clue how much tax to pay on it. Do I pay a fixed $ or %?
      Sarah, it takes a little work, but here is where to find your specific income tax rates.Federal tax - look at your tax return from last year and find the taxable income. If you used a 1040 form, it is line 43, if you used 1040A it is line 27 and if you used 1040EZ it is line 6. You will see instru...  (more)
      Answered Apr 2015
      Is low inflation good for retirees?
      Low inflation is good for retirees if they are getting their income from a pension or from a portfolio of stocks and bonds which tend to do well in times of low inflation and certainly have been lately. So, low inflation is generally good for those with a high net worth.Low inflation is bad for ret...  (more)
      Answered Apr 2015
      Can a Mutual Fund withhold divindends (or portions of) that are earned by underlying investments?
      Dividends from the companies held by a stock index fund can either be used by the fund to pay their expenses or paid out and it varies by fund. Also, an index fund rarely owns every stock in the index. Since most indexes use weight each company's share of the index by the total vaue of shares outst...  (more)
      Answered Apr 2015
      On technical analisis can we expect a 10 percent correction soon?
      A "technical" correction of 10% is not worth avoiding. You will hurt yourself doing it and it shows that you have let the TV tempt you into too short-term a focus that will cost you money. Those corrections are very common and the bounce back is usually quick and sharp. By the time you get back in,...  (more)
      Answered Apr 2015
      How can i find out how much i can borrow from my 401k??
      If I were your dad, I'd say, "$0." Borrowing from a 401k hurts your retirement savings and few people have money to spare there. Most companies would do their employees a favor by prohibiting loans and some do.The three things people do most to hurt themselves financially are 1) buying too much ho...  (more)
      Answered Apr 2015
      How do I check the status of a 401k if I am a named beneficiary?
      The other answers assume the account holder has died. It is not clear, but it occurs to me that you may be asking as a named beneficiary of an account holder still living. This scenario might come up in the case of a spouse trying to get a handle on what the assets there are if they are considering...  (more)
      Answered May 2015
      ANy truth to the adage "Sell in May &stay away"?
      OK, I'll be the heretic.Yes, "sell in May and go away" has worked very well in the past. Nearly all of the market's returns over several decades have come between November and May. Obviously, it does not work every year, but nothing does. The idea is to avoid a large market decline, most of which (...  (more)
      Answered Apr 2015
      Should I invest in the stock market or mutual funds?
      You'll do better in mutual funds most likely. Most people will not sell their loser individual stocks quickly enough and will not keep their winners long enough. Most people chase stories and are not disciplined. Your local stockbroker is likely no better at it.If you have the ability to have your ...  (more)
      Answered Apr 2015
        *Answers are submitted by advisors without compensation.

        Licenses & Conducts

        U.S. Securities and Exchange Commission
        • license status
        • disclosures
        • as of date
          Dec 15, 2019
        • license status
          Not registered
        • disclosures
        • as of date
        Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:



        Last updated on March 25, 2020
          • $19.9M
            Total Assets Under Management
          • $0
            Total Assets Under Advisement
          • 59
            number of clients
          • $338.0K
            Estimated Average Account Balance Per Client

        Cornerstone Investment Services, Inc.

        Last updated on March 27, 2019
          • $25.7M
            Total Assets Under Management
          • N/A
            Total Assets Under Advisement
          • 79
          • $325.2K
            Estimated Average Account Balance


        Fee Only Advisor
        This advisor has certified that they are compensated soley by their clients, and do not accept commisions or compensation of any kind based on the products they recommend.

        Types of Compensation Arrangements