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CORNERSTONE ADVISORY GROUP BLOG
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Pay These Bills Before Retiring
Securing a comfortable retirement isn’t easy, especially when retirees are ending their working years in debt. According to a study1 from the Employee Benefit Research Institute, 65.4 percent of families with heads ages 55 or...
Read MoreWhy More Women Are Putting Off Retirement
Older Americans are working longer these days, and women are no exception. Researchers have found that older females are opting to stay in the workforce for a variety of reasons—but financial instability might be the most...
Read MoreRMDs: What to Do When You Don’t Need Them Yet
After a certain age, you’re required to take distributions from your retirement accounts. If you don’t need the funds for immediate income, here are some options.
Read MoreThree Tips for Wealth Health
Over the years, research has shown that health and wealth often go hand in hand. A report1 from the Urban Institute, found that health rises in step with income. While 22.8 percent of adults earning less than $35,000 a year reported...
Read MoreRetirement Planning for All Ages
The retirement landscape has changed dramatically over the last several decades, with most Americans shifting from guaranteed pensions to do-it-yourself 401(k)s. The transition has left many workers of all ages a little...
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Don’t Bail on Bonds Yet
Concerned about holding bonds in your retirement portfolio? Don’t be, experts say. For the last several years, investors have been warned that bond prices could drop as interest rates—and bond yields—rise,...
Read MoreHow Millennials Can Save for Retirement
With stagnant wages and rising student loan debt, Millennials are struggling to start their nest eggs. These three tips can help.
Read MoreThe Best Retirement Benefit? Free Time
A new report finds that, for many pre- and current retirees, the biggest retirement benefit is one they haven’t even considered: an explosion of leisure time. According to a study from Merrill Lynch, retirees will have 2.5...
Read More4 Reasons Retirement is Changing
The concept of retirement is being radically reimagined. Here’s why.
Read MoreRetiring in 2016? What You Need to Do Now
Moving from the workforce to retirement can be a bumpy transition, but it doesn’t have to be. If you’re wrapping up your working years, a little pre-planning can ensure a smoother transition into retirement and set you up...
Read MoreThe 4 Percent Rule: Your Questions Answered
Anyone who’s read an article about retirement lately has likely encountered mention of the 4 percent rule. But what is it, exactly? And does it work? We’ve compiled answers to some of your most important questions. Where...
Read MoreNew Study: Millions of Americans Have Nothing Saved for Retirement
According to a new study, roughly 1 in 4 workers have saved almost nothing for retirement, putting their non-working years in jeopardy. More than a quarter of Americans—26 percent—have saved less than $1,000 for retirement...
Read MoreAmericans More Confident About Retirement—But Should They Be?
Post-recession, most Americans believe they'll be able to afford a comfortable retirement, but many still aren't saving enough to make it happen.
Read MoreFive Retirement Threats—and How to Avoid Them
Even the best retirement plans can be foiled by threats no one saw coming. From adult children to aging parents, would-be retirees face a variety of challenges that could leave them with...
Read MoreOn Track for Retirement? Here’s How to Find Out
Many workers aren’t sure whether they’re saving enough or too little for retirement. Fortunately, it’s easy to find out.
Read MoreStudy: Millennials Stepping Up Their Retirement Game
A new study finds that Millennials have significantly increased the amount of money they’re saving for retirement since 2013, outpacing both Generation Xers and Baby Boomers. The average Millennial is now saving 7.5 percent of...
Read MoreInterest Rate Hike: Good News for Retirees?
The Federal Reserve’s interest rate hike is good news for seniors who rely on bonds and money market funds for income, but it’s still not likely to make a substantial difference.
Read More6 Ways to Get More Out of Your Retirement Plan in 2016
Saving for retirement can be difficult, but if done strategically, it can result in significant tax savings and, over the long run, larger nest eggs for many Americans. That’s something most people desperately need. Nearly...
Read More5 Retirement Truths You Should Know
It’s often difficult to separate retirement planning fact from fiction. Here are five truths everyone preparing for retirement should keep in mind.
Read MoreWhat’s the Best Withdrawal Strategy?
Experts have long advised retirees to withdraw 4 percent of their nest egg in the first year of retirement and then adjust that amount for inflation each year thereafter. But is that the best approach for everyone? Newer research has...
Read MoreTapping That Retirement Plan? It’s Almost Always a Don’t
For anyone in need of funds—for college, a housing down payment, credit card debt relief—a retirement nest egg can be incredibly tempting. However, consumers should think twice before tapping their 401(k)s and IRAs....
Read MoreHow College is Hurting Americans’ Retirement Plans
The cost of college continues to creep up, and many parents and grandparents are sacrificing retirement savings to help their children and grandchildren afford a higher education. According to the Labor Department, the price index for...
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