According to the Commodity Futures Trading Commission, virtual currencies are “a digital representation of value that functions as a medium of exchange, a unit of account and/or a store of value.”
Compass partner Tom Licciardello CFP has a long and rich history as a runner with the Merrimack Striders, a marathoner with over 36 Boston Marathons, Iron Man tri-athlete competitor and a regular regional and national Obstacle Course Racer. In a most appropriate sports analogy, Tom draws on this body of experience and presents in this quick video his thoughts on Chasing Performance. The bottom line is that when it comes to stellar past performance credited to “highly rated” funds, it’s important to remember that yesterday’s top performer may be tomorrow’s under-performer. For a further look, download the printed version: “Chasing performance can be like running in reverse. It’s not a race, it’s a marathon.” here.
This is thoughtful and actionable news for anyone who is considering retirement planning. MIT AgeLab in an article by Joseph F. Coughlin, PhD, has identified three simple questions you should ask yourself to assess how prepared you are to live well in retirement.
When it comes to retirement planning, we’re inclined to focus on accumulating assets and making sure we spend our money wisely. But while our biggest fear may be outliving our wealth, there’s an even greater risk of:
This is thoughtful and actionable news for anyone who is considering retirement planning. Read the whole article here: WWW.CompassCapital.co/documents/three_questions.pdf
If your family or friends need financial advisory help in this area, We do that!
Tim Shanahan781-525-6083 x 305
Providing trusted financial advice since 1984.
Congress Passes ABLE Act: Major Victory for Persons with Disabilities and Their Families
This is significant and actionable news for anyone who has a family member with disabilities (with an age of onset up to 26 years old)
Similar to a Roth IRA Congress has just passed an act to allow for the funding of a tax-exempt savings account that can be used for maintaining health, independence and quality of life.
An ABLE Account will provide more choice and control for the beneficiary and family. Cost of establishing an account will be considerably less than either a Special Needs Trust (SNT) or Pooled Income Trust. With an ABLE account, account owners will have the ability to control their funds and, if circumstances change, still have other options available to them. Determining which option is the most appropriate will depend upon individual circumstances. For many families, the ABLE account will be a significant and viable option in addition to, rather than instead of, a Trust program.
Did you know that early filers regret Social Security claiming decisions?
Imagine if you could have had the proper advice from a trusted financial advisor to prevent that mistake?
You don’t have to imagine it because that’s what we do every day at Compass. Call us now if you or a loved one needs professional pre-retirement guidance.