Money Wisdom & Musings

Here's your source for thoughts and observations on all things financial (and otherwise). Topics can range from tips on your personal well being to the well being of your investments. As always, we welcome your comments and feedback.

Striving to Shop & Support Local

Posted by Anna Traugh on December 15, 2022
Striving to Shop & Support Local

With the holidays fast approaching, last minute gift-buying is top of mind for many! Cornerstone strives to shop locally and sustainably, when possible, and encourage you to do the same. Portland and Portsmouth offer many unique and hand-crafted gifts that would please anyone on your holiday list.

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Year-End Tax Planning Checklist

Posted by on September 30, 2022
Year-End Tax Planning Checklist

       The end of September evokes multiple reminders for many of us. It is time to get winter clothes out, make sure the leaf blower is working, trade out hiking boots for ski boots, and start preparing for the end of the year. We form many rituals when the seasons change, and I propose adding one more to the list, year-end tax planning. This is not as fun as prepping for the holidays and Winter adventures, but it should help reduce mistakes, minimize panic in the last week of the year, and avoid regrets when you file your tax return the following year.

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State Tax Relief Opportunities

Posted by Mackenzie Arsenault on August 29, 2022
State Tax Relief Opportunities
Cornerstone Financial Planning is continuously looking for ways in which we can support our clients, their families, and our communities. We wanted to share information regarding the new property tax relief program for seniors (65+) in Maine. Whether this applies to you, friends, or family, it is an excellent opportunity to consider.
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Cornerstone named ‘Best for the World Company 2022’

Posted by Christina Traurig on July 27, 2022
Cornerstone named ‘Best for the World Company 2022’

As a proud Certified B Corporation® since 2019, Cornerstone Financial Planning is honored to be selected as one of B Lab’s 2022 Best for the World companies.

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Cornerstone Volunteer Day 2022

Posted by Kendal Lariviere on June 13, 2022
Cornerstone Volunteer Day 2022

Service within our communities is something we value greatly at Cornerstone. Not only do our employees receive paid time to volunteer for the organizations of their choosing, we also participate in a company-wide group volunteer day annually.

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The Importance of Family Meetings

Posted by Anna Traugh on June 1, 2022
The Importance of Family Meetings

I remember being twelve years old and hearing the dreaded announcement that a family meeting had been scheduled for Sunday night. The topic usually had to do with scheduling, summer plans, or random house rules but it always felt like a chore. Now as an adult, I can see the importance of family meetings. They can be a great way to keep lines of communication open and ensure everyone is on the same page.

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Sustainable Investing: Women Left in the Lurch

Posted by Anna Traugh on May 12, 2022
Sustainable Investing: Women Left in the Lurch

An article published in Investment Advisors Spring 2022 issue peaked interest here at Cornerstone, as it focuses on the correlation of women and their increased interest in environmental, social, and governance focused investment strategies. Interest in sustainable or ESG investments has been growing over the years for many reasons such as: supporting important issues like climate change or diversity, best employee practices, and most popularly, investors just wanting to align investments with personal values.

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Earth Day: Not Just a Single-Day Event!

Posted by Anna Traugh on April 20, 2022
Earth Day: Not Just a Single-Day Event!

As part of our B Corporation™ status, Cornerstone is committed to considering our environmental footprint and how we can improve business and operational practices to positively impact the planet. Earth Day, celebrated on April 22nd annually, serves as a great reminder that we are all responsible for caring for our planet (and not just on Earth Day!)

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Celebrating Certified B Corporations!

Posted by Anna Traugh on March 11, 2022
Celebrating Certified B Corporations!

March is ‘B Corp™ Month,’ which means that Certified B Corporations™ across the globe are taking this month to celebrate the over 4,600 B Corps™ around the world. Cornerstone Financial Planning, a Certified B Corporation™ since 2019, is excited to build awareness of the B Corp™ mission and share how being a Certified B Corporation™ reflects and builds upon our company values.

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Retirement Advice for Tom Brady

Posted by Jill Boynton on February 11, 2022
Retirement Advice for Tom Brady

The unthinkable day has arrived for football fans – Tom Brady is retiring. (Will football ever be as much fun to watch?) It’s likely that he’s set monetarily for life (after all, his net worth including wife Giselle Bündchen is $650 million according to HITC.com). But is Tom really prepared for retirement?

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