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.

Disclaimer: Our blog posts are for informational purposes only and are not to be considered investment, tax, or financial advice. Cornerstone does not and cannot guarantee the accuracy or applicability of any information presented in our blog posts regarding your individual circumstances. Please review your personal situation with your tax and/or financial advisor.

October is National Financial Planning Month

Posted by Jill Boynton on October 22, 2020

We’re so glad that our profession is being recognized with its own month! Here are some ideas on how you can celebrate and observe this important topic.

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Election Years: Investors Benefit By Staying the Course

Posted by Mackenzie Arsenault on August 31, 2020

As election day approaches, we expect to see increased volatility in the markets. However, it behooves investors to stick to their investment course, though challenging at times!

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Tax Savings Opportunity

Posted by Susan Veligor on July 21, 2020

If you are among the folks who took their required minimum IRA distribution prior to the CARES Act, which removed the RMD requirement for 2020, there is still time to unwind this transaction.

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Protecting Your Financial Future In Uncertain Times

Posted by Jill Boynton on May 7, 2020

It is nearly impossible these days to avoid all the bad news out there about COVID 19 as well as its effect on the economy. Even if you don’t watch any news programs, every TV commercial and newspaper ad reminds us of “these trying times”. Uncertainty about many things – such as how long we’ll be staying at home or out of work, or the long-term effect on the economy – is high in our minds. Uncertainty can lead to fear, and fear can lead to action based on emotions instead of rationale.

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Going Inward During Stressful Times

Posted by Susan Veligor on April 24, 2020

The flurry of constant commentary, information, and recommendations is exhausting for many of us. Life is more stressful on many levels and constitutionally, we may feel less grounded, and in general “burned-out”.

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Financial Planning on an Hourly Basis

Posted by on April 23, 2020

In this unusual economic environment, Cornerstone understands that many individuals have questions and concerns about their financial situation.

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New SECURE Act Required Minimum Distribution (RMD) Rules

Posted by Susan Veligor on February 24, 2020

A question we’ve received lately relates to the ability to postpone distributions from employer sponsored retirement accounts (401k, 403b, etc.) if one remains working at the company beyond age 72.

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The Most Powerful Force in the Universe?

Posted by on January 31, 2020

Ever heard that “compound interest is the most powerful force in the universe”? Compared to other forces like instinct or imagination, I’m not so sure… but it certainly rings true in personal finance.

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Joint Bank Accounts: Yes Or No?

Posted by Jill Boynton on November 14, 2019

I recently worked with a young couple in their 30’s who have been married less than one year. I noticed that they keep separate bank accounts.

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Maine Women's Economic Summit

Posted by Susan Veligor on October 3, 2019
Maine Women's Economic Summit

Yesterday Michelle and I attended the Maine Women's Lobby Education Fund's #MaineToo Summit on Economic Security, and were moved by the stories we heard, and learned a lot about both the personal and economic impacts of sexual harassment and abuse in Maine. We managed to snag a photo with the keynote speaker, founder of the MeToo movement Tarana Burke, and were proud to have donated to support…

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