Dear Compass Point Family and Friends, We are writing to follow up on a letter that we sent last year. Clients have been asking, “What can I do with money that is sitting in the bank earning virtually 0% interest?” These funds are not expected to be needed in the near future and are [...]
We at Compass Point Retirement Planning appreciate your patience as we continue to navigate the changes in our daily lives due to the COVID-19 pandemic. As our valued clients, we would like to provide you with some information about how we have updated our practices to keep both you and our team safe. We [...]
There is a very important dynamic happening on Wall Street. Regardless of how it plays out, we expect valuable lessons will be learned. We may be seeing a “democratization” of stock trading power, and Wall Street does not seem to like it. By the time you read this, much will likely have happened... Our [...]
Dear Compass Point Family and Friends, We hope you had a great holiday with your loved ones, and we wish you all a happy and healthy New Year. 2020 was certainly a very challenging year for us all. Hopefully much better times are ahead as we turn the calendar to 2021. Speaking of 2021, [...]
You have spent your career caring for others, let us help you care for your retirement. FAQs from nurses we work with: If I have a pension, what are my options and what do they mean? What are the best choices for my family? How do I transition my retirement savings account to provide [...]
In recent weeks one particular question has come up a lot. Many clients have been asking how to earn more on the money they hold in traditional banking products that are now earning 0% (or close to it). They have been asking about cash they hold over and above their checking and reserves that [...]
The Team at Compass Point Retirement Planning is thinking about you and hoping you are handling these stressful times as well as can be. We want to share answers to questions that some have asked, and many may be thinking about.
In June 2020, as part of Compass Point’s volunteer initiative, Paul Matheson spent the day helping plant seagrass with a group of volunteers for Salem Sound Coast Watch. The 15,000 pods Paul helped plant in Salem’s Collins Cove will protect the coast line against erosions, increase the local flora and fauna, enhance the landscape [...]
The end of May marks a transition period for many Americans. It’s the start of commencement season with high school and college graduations almost every weekend. As graduates move onto the next phase of theirs lives and out of their family home, parents often are entering uncharted territory too: the empty nest phase. Without kids [...]
Compass Point co-founder Tom Nee recently shared his expertise with Sarah Skidmore Sell of the Associated Press for an article about lost retirement money. The article, which was republished in newspapers and on websites across the country, highlighted how easy it is to lose track of retirement accounts. Sell writes, “While an employer should [...]