Compak Asset Management

By Moe Ansari

You have bills to pay and a retirement to save for. Even if the thought of saving for your child’s education has crossed your mind, how can you make it happen amidst the never-ending financial pressures in life? It’s tempting to put saving for college on the back burner, but as anyone with kids knows, the days are long but the years are short. Regardless of whether your child is 2 or 12, you’ll be planning college visits and filling out applications before you know it. 

Don’t get caught unaware and unprepared for college. Your child’s education is one of the most important investments you can make, and with today’s costs, it pays to plan ahead. As we approach National 529 College Savings Plan Awareness Day, it’s a good time to ask yourself this question: Have you started saving for your child’s future education costs? If not, here are 5 steps to get started.

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By Moe Ansari

We all know that hiding our money under our mattress or depositing it in a traditional savings account isn’t going to give us the growth we need to retire when we want, the way we want. In other words, we need a bit of help, something that gives us an edge. That’s what a 401(k) does. Employer-sponsored retirement plans give us a way to contribute to our future with a few added benefits thrown in. 

Unfortunately, many Americans are not taking advantage of these accounts, with 15% of those who have access to a 401(k) not participating. (1) And of those who are taking advantage of their 401(k), the average contribution rate is only 7.1%, and if you’re counting on it, that’s likely not enough to carry you through your retirement years. 

If you want to make the most of your 401(k), take a look at these 7 tried-and-true strategies. 

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By Moe Ansari

We often hear the phrase “Life is what you make it,” (1) but sometimes it’s hard to know what exactly you want to make it, or, just as importantly, how to get there. This challenge is exactly why I became a financial advisor more than 40 years ago. I saw the important role money played in people’s quality of life and determined to spend my days enhancing the life experience of others through the pursuit of financial security. 

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By Moe Ansari

Life is complicated, is it not? Add money to the picture and things get downright overwhelming. In previous decades, people often worked for the same company for most of their lives, lived a few years in retirement on Social Security and their pensions, and passed modest estates on to their children. 

That picture has drastically changed with increased longevity, changing demographics, and a more complex and volatile financial world. Now most people lose sleep over how they’re going to make everything work. Thankfully, it doesn’t have to be this way. 

At Compak Asset Management we strive to give our clients peace of mind as we create customized wealth management strategies. But we go a step further. We know you want more out of life than just a secure retirement plan, so we focus on helping you experience more life fulfillment and personal happiness through the process.  Read more