Cornerstone – Our Blog2020-04-28T13:41:17+00:00


April 2020

What Is a Bear Market and How Long Does It Last?

April 24th, 2020|Stock Market|

During this period of volatility, many are asking where the economy is headed. As the coronavirus affects the U.S. financially and socially in a way previously unseen, lawmakers are acting to boost the economy, and analysts are predicting what’s to come. We’ve officially entered a bear market, and the Federal Reserve has responded. So, what is a bear market and how long does it last? Entering a Bear Market. The economy officially entered into a bear market after a 12-year long bull market run. A bear market is a technical term, and it means that the market has fallen 20% or more from recent highs due to widespread panic or [...]

Do’s and Don’ts in a Volatile Market

April 17th, 2020|Stock Market|

If the state of the market has caused you to worry, you’re probably not alone. The coronavirus and falling oil prices have caused many to panic. In times of uncertainty, it can be easy to make knee-jerk decisions and forget about the long-term. However, consider these do’s and don’ts in a volatile market. Don’t withdraw early from your 401(k) or IRA. While this might seem tempting during volatile periods, it’s typically not a good idea to cash out of your 401(k). If you withdraw money before age 59 ½, you could have to pay the early withdrawal penalty of 10%.[1] If you are over 59 ½, you are not subject to the [...]

Low Interest Rates, Market Volatility, and Your Retirement

April 10th, 2020|Retirement Planning, Stock Market|

Planning for retirement is never a “set it and forget it” activity. There are unexpected disasters, market drops, and changing laws that invariably cause retirees to reevaluate their plans of action. Recently, market volatility and the Federal Reserve’s decision to cut interest rates may have you wondering how to respond. Here’s what to consider when it comes to low interest rates, market volatility, and your retirement. What is Your Risk Tolerance? If the recent coronavirus correction caused you to panic, you might want to rethink your asset allocation or investing strategy. We can help you assess your risk tolerance and see if your portfolio needs adjustments. Remember that this likely won’t be [...]

Forget the Bucket List And Make a Chuck-It List

April 3rd, 2020|Lifestyle|

Successful people are ambitious and disciplined: They set big goals and focus on achieving them over the course of a long career or a lifetime. Many people also have high-flying goals for their personal life– run a marathon, hike Mt. Everest, etc. And, they retirees assume that they’ll cross off many of them off their bucket list once they enter retirement and have more free time. But the reality is that bucket lists can sometimes feel like an imposition or another list of chores to achieve. In addition to things you want to do in retirement, there may be things you want to get rid of or let go of [...]