Cornerstone – Our Blog2020-06-27T16:10:40+00:00


October 2020

4 Things to Know About Medicare This Month

October 12th, 2020|Healthcare|

One of your largest retirement expenses could be your healthcare costs. An average 65-year-old couple retiring today will need an estimated $363,946 to cover their healthcare costs, according to one study.[1] With the Medicare fall open enrollment period starting on October 15th, it’s time to assess your options or start thinking about your Medicare strategy for when you turn 65. Beyond this enrollment season, we could see changes to the Medicare program based on the outcome of this election. Here are 4 things to know about Medicare this month. You Can Switch From Original Medicare to Medicare Advantage Original Medicare consists of Part A, which covers hospital stays, skilled nursing [...]

Moving Long-Term Care Into the Home

October 9th, 2020|Healthcare|

There is a shift away from providing long-term care services in hospitals and nursing homes to proving them in individuals’ homes. This was happening before the pandemic, but the trend is now accelerating for several reasons. Many nursing homes did not allow visitors for months during the pandemic, understandably leading to many worried families and lonely older people. Many COVID-19 deaths have occurred in nursing homes and those who were not infected often experienced long periods of isolation. This pandemic will lead many people to question whether there’s a better way to provide care to the elderly, and more are considering moving long-term care into the home. How Does Receiving [...]

3 Things You Can Do If You Don’t Qualify for a Roth IRA

October 6th, 2020|Financial Planning, Retirement Planning|

There's evidence to suggest that we might be experiencing historically low tax rates right now. The Tax Cuts and Jobs Act will expire in 2025 or possibly sooner if there’s a leadership change in Washington. By the end of the year, total government debt is expected to almost equal the size of the U.S. economy.[1] This is one trend to keep an eye on when planning for retirement since taxes could rise in the future to pay for increased spending now. One popular long-term tax minimization strategy is to use a Roth IRA. However, there are income limits preventing many people from investing in a Roth. Roth IRA Income and [...]

Get Active and Stay Active

October 2nd, 2020|Healthcare, Lifestyle|

We’ve all heard that exercise is good for us, but it can be hard to commit to when our normal routines are disrupted. Over the course of a career spent working countless hours and long nights, we may have gotten somewhat out of shape, and this trend is likely to continue if we’re stuck inside more than usual. We might think it’s too late to get back into shape by the time we’re retired, or pointless to carve out time for physical activity, but this isn’t true. For starters, it could help you stay active for longer, and combat heart disease, diabetes, and high blood pressure[1]. Exercise may even help with [...]

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