Are you Financially Literate?

By Cornerstone Retirement Group | October 22, 2013

A recent article from  MarketWatch titled, “Americans Need A Simpler Retirement System” discusses two studies that Richard Thaler (a pioneer in behavioral economics) reported on, regarding financial literacy. One of the studies demonstrated the extent of the problem and the other documenting the lack of success to date of educational efforts to improve financial literacy. …

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Stock Prices and your Retirement

By Cornerstone Retirement Group | October 15, 2013

Just last week, Wells Fargo announced better than expected earnings and record numbers.  Surprisingly, their stock price went down.  Just like a few years ago we saw a similar situation with Exxon Mobil when they announced that they earned more money in a single quarter than any company had in history.  And their stock prices…

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How Will The Government Shutdown Affect Your Retirement?

By Cornerstone Retirement Group | October 8, 2013

As many of you may have seen and read, we have found ourselves in the midst of another government shutdown.  We have seen this before, and it is very likely to happen again, especially given our current financial issues. The big question is – how will all of this affect your retirement? Well, unless you…

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Which is the Next Pension Plan that will Fail?

By Cornerstone Retirement Group | October 2, 2013

With financial collapse of Detroit, it naturally makes sense to wonder how safe pensions are from a City or a State.  MarketWatch recently reported on the condition of pension plans throughout the U.S. “The gap between the promises states have made for public employees’ retirement benefits and the money they have set aside is now…

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Redefining Retirement with Chris Abts every Sunday after the evening news at 5:30 p.m. on KTVN Channel 2

By Cornerstone Retirement Group | September 25, 2013

We are excited to announce starting October 6th, every Sunday after the evening news from 5:30-6:00pm, Redefining Retirement with Chris Abts will be on KTVN Channel 2. Chris Abts, founder of Cornerstone Retirement Group and Author of Redefining Retirement, has dedicated two decades to educating and assisting retirees and pre-retirees in how to plan for…

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Is Government Spending leading Us Down an Unsustainable Path?

By Cornerstone Retirement Group | September 25, 2013

Last week, the Congressional Budget Office issued an analysis that the U.S. is on an unsustainable budget course:  Click Here for the Article. A few of the important points from the article you need to know: The nonpartisan Congressional Budget Office said that the U.S. national debt is now 73% of gross domestic product, the…

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Are You Prepared For The Next Market Crash?

By Cornerstone Retirement Group | September 17, 2013

On October 9th, 2007 the Dow closed at 14,164.53.  Exactly 17 months later on March 9th, 2009 we saw the Dow lose 53.78% of its value, closing at 6,547.05.  Hard to believe that it lost over 50% in the bluest of the blue chip stocks in less than a year and a half. The less…

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Alternative for your Liquid Money

By Cornerstone Retirement Group | September 10, 2013

Many banks may offer essentially no interest on your savings and checking accounts and CD’s.  It’s not always easy to find something to put your money into especially when you want your money safe and liquid and at the same time getting some kind of return. The insurance industry has come up with a very…

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Investors Flee U.S. Stocks in anticipation of upcoming scale back

By Cornerstone Retirement Group | September 4, 2013

The Fed will be meeting Sept. 17-18 to decide whether to scale back its $85 billion in monthly bond purchases. The factors that will determine their decision include: We know that the bond purchasing has kept interest rates low but as we have seen, in anticipation of this upcoming pullback, interest rates have and will…

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The Top 10 Least Friendly States For Retirees

By Cornerstone Retirement Group | August 29, 2013

It seems like every week we get a top 10 list of things that are the best.  This week, I thought I would turn the tables a bit and give you a top 10 list of the WORST 10 states for retirees. Now remember, we are talking about the worst states from a tax perspective. …

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