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 [...]
To highlight the importance of financial literacy, in 2003, the U.S. Senate designated April Financial Literacy Month. While the intention may be to help youth get a jumpstart on good financial habits, older Americans also often need advice on making smart financial decisions, including about taxes. With April 15 creeping up on us, we [...]
Marty Plecinoga, Compass Point co-owner and licensed advisor, was recently interviewed by Forbes.com contributor John Wasik about how the new tax laws could affect retirees. Wasik writes, “Unless you've already done your 2018 taxes, the new tax laws are difficult to fathom. There are several changes that will hurt retired or soon-to-be-retired taxpayers. The [...]
Receiving an inheritance is often a bittersweet experience. The financial windfall certainly doesn’t make up for the pain and sadness of losing a loved one. But the inheritance has the potential to make a big impact on your life. However, it’s important to create a plan for your inheritance, especially considering this surprising stat: One-third [...]
Tax season is upon us! This year may prove especially challenging for Americans given the new tax codes and the government shutdown, meaning fewer IRS personnel are available to clarify any confusion on the laws. While we are not tax experts, we have taken a look at the new tax law changes and how [...]
We are honored that Compass Point Retirement Planning was named the #1 choice for financial planners in Wakefield in the Wicked Local Media Group Readers Choice Awards 2018. Thank you to our clients who voted for us! If you missed seeing the list of winners in your local paper, you can view the digital [...]
With a new year often comes big changes, and if one of the changes you’re looking to make this year is a new job, the team at Compass Point Retirement Planning has your back!It’s no easy f eat to change jobs. From updating your resume and phone interviews to in-person interviews, second interviews and [...]
The ho-ho-holidays are upon us! While a joyous season for many, we realize that the holiday season can be pretty expensive too, with all the holiday shopping, entertaining and traveling. Instead of letting finances stress you out this season, make it a resolution for 2019 to get your finances back in tip-top shape. Compass Point [...]
In November, we held our second meal-packing event in our Wakefield office to support Rise Against Hunger. These meals primarily support schools in developing countries, as well as crisis relief efforts. Our team of 30 volunteers, including friends and family members, donned stylish red hairnets and got hands-on with prepping highly nutritious meal packages [...]