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

CORNERSTONE WEALTH MANAGEMENT BLOG

June 2020

What to Know Before Returning to Normal

June 27th, 2020|Economy, Lifestyle|

The good news is that you survived the worst of the coronavirus pandemic, and the bad news is that it’s not quite over yet. For those who are returning to the workplace, restaurants, and socializing again, it’s an exciting time – but also a time that requires caution. Americans age 50 and older are considered to be high-risk and are advised to take extra cautions. While you might not want to put yourself in the same category as a 90-year-old, here’s what to know before returning to normal. The Workplace If you were going into the office before COVID-19 and have returned or are returning soon, find out what’s changed. [...]

Are We Entering the Roaring 20’s Round 2?

June 22nd, 2020|Economy, Financial Planning|

While no one knows what this decade will bring, we might look to history for some insight. One hundred years ago, America was reeling from the Spanish Flu and uncertain economic prospects. At the time, many may have been pessimistic, but then we entered the Roaring 20’s. While there is much uncertainty now, we may emerge from this crisis into a period of new opportunities, much like the 1920s. We could be entering the Roaring 20’s, round 2. From Crisis to Opportunity – Then and Now We think of the Roaring '20s as a carefree, prosperous time, but the events leading up to it were worse than now. The Spanish [...]

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 [...]

Recent Posts

Categories