Author Archives: Tim Shanahan

About Tim Shanahan

President of Compass Capital Corporation

Our Favorite Smart Phone Apps

By Guest Blogger, Susan Scheide

It wasn’t long ago that Tim Shanahan was adamant that he wanted a mobile phone to make phone calls, and nothing else. I had a little flip phone, and I barely knew how to use it because I have very little need for a mobile phone. It was our own Susan Weschler, Operations Manager for Compass Securities,  who blazed a trail into the world of the smart phone here at Compass. And now, most of us don’t know how we ever lived without them! I still don’t use my phone as a phone very often, but boy does it come in handy for so many other things.

Susan Weschler photo

Susan Weschler, Operations Manager

Here are some of our favorite apps, and why we like them.

Android Phone Based Apps
Tim Shanahan
1. The most useful app I have is WAZE- a socially networked navigation program. Now owned by Google and integrated into Google maps. WAZE doesn’t just give you maps and directions, it allows users to report things like police activity, traffic jams, and road debris. Very useful if you want to avoid those things.

2. Camscanner and also Google Drive- it allows me to send pdf copies of articles to anyone without clipping it out and putting it into a scanner. I can personally attest to the usefulness of Camscanner, as Tim has sent me several newspaper articles from our local Canton paper because he knows I don’t subscribe to it.

3. Google Keep- it replaces Post-It notes for the many, many things I have to do that are not part of my calendar. Also use it for a shopping list.

4. KeyRing- replaces all those key tags and loyalty cards like My Lowes, etc.

iPhone Apps
Susan Weschler
Susan writes, “Where to start? Ok here are 3 of my favorites, all freebies!”

1. Flipboard-can be customized by information category; new, business, shopping, sports, etc, to read articles you’re interested in.

2. Toodledo-Cross-platform app that synchs with your phone/computer task list. Especially helpful to schedule recurring tasks, reminders. She says she would be lost without it.

3. Evernote-Another cross-platform app that synchs with phone/computer: Designed for note taking and archiving (think scanning documents as PDFs and storing them.) A “note” can be a piece of formatted text, a full webpage or webpage excerpt, a photograph, a voice memo, or a handwritten “ink” note. Notes can also have file attachments. Notes can be sorted into folders, then tagged, annotated, edited, given comments, searched and exported as part of a notebook.

Susan Scheide
I admit that my phone is primarily used for personal business, not work, so the apps I’ve picked as favorites are more useful for home life than as work aides!

1. The Walgreens App—Scan your prescriptions to order refills in seconds! So much faster and easier than calling the pharmacy, pressing the right series of numbers to get the refill line, keying in your prescription number, etc. I can get a prescription refill done in seconds. And I’ve set this app up so that I get a text message when my prescription is ready for pick up!

1. The Bank of America App—This one is only useful to those with Bank of America accounts, but I think most banks now have mobile apps. You can deposit checks (smaller than $5,000) with your phone, transfer money between accounts, check balances, get a daily text message with your balance.

4. Foscam Pro—I use this with an IP (internet protocol—in other words, a camera that broadcasts picture through the internet) camera to spy on my dog and cats. I can view what is going on at home from anywhere. I initially purchased the camera to figure out a behavioral issue he was having. Now I know he sleeps ALL DAY.

5. moreBeaute2—An automatic photo editing app that makes you look AWESOME before posting those selfies! Instantly smooths out your skin, etc. You’ll look fabulous!

We’d love to hear from you about your favorite apps!

Susan Scheide

Her Surprising Claim to Fame! Meet Office Manager Susan Scheide

Every firm has people who operate largely behind the scenes. People who, on a daily basis, make things happen and keep an office running. At Compass Capital, we have a lot of Trusted Financial Advisors, and some staff. I am one of those staff.

This past year, I have been writing a series of “get to know us” profiles for our company’s blog. We thought it might be time to share my story with you. So here goes! This is the story of me, Susan Scheide, the one who sends you your quarterly client mailings.

I was born in West Hartford, Connecticut where I lived until age 10, when we moved to Rolling Hills, California. I am the youngest of three, and have two older brothers.

Rob, Bill, and Susan Scheide circa 1962

Rob, Bill, and Susan Scheide circa 1962

It was a pretty big deal, moving three kids and two dogs to California, but the entire family absolutely loved living in Southern California. While there, I took up horseback riding, and we purchased two horses. Within three years of first sitting on a horse, I was town champion of the 13-17 year olds.

Susan and Kate, 1974 (yes, we won!)

Susan and Kate, 1974 (yes, we won!)

 

 

Our house was never without a dog. In fact when our dog Sam died at the age of 15, my father vowed never to have fewer than two dogs, as it was too painful for him to be without a dog. Our dogs were primarily hunting dogs, but we did have a show dog that was fairly successful, who fathered a litter of pups.

After four fun filled years in California where I met and started dating a former child television star (Mike Lookinland, TV’s “Bobby Brady” and I dated for three years—my claim to fame!), my father gave us the exact same speech about “If you could live anywhere, where would it be?” that he had given us four years earlier, and told us we were moving to Dover, Massachusetts.

Susan Scheide & Mike Lookinland

Susan and Mike Lookinland, 1976, Nantucket

Let me tell you, the attitude of three kids moving from West Hartford, CT to Southern California is very different from the attitude when you tell those same three kids they’re moving to Dover, Massachusetts! But Dad had been made an offer by the now-defunct New England Merchants Bank, and it was too good to pass up, so my parents moved three teenagers, four dogs, and two horses 3,000 miles back east.

Susan and brothers; dogs Madaket, Bo, Abby, and Jeb

Susan and brothers; dogs Madaket, Bo, Abby, and Jeb

Partly due to the move, I ended up attending four different high schools. In fact, I was in ninth grade for two years, and skipped eleventh grade entirely! My schools were Chadwick, in California; Dana Hall, in Wellesley, MA; Westminster, in Simsbury, CT (my father’s school); and Dover-Sherborn Regional High.

I attended the University of Massachusetts in Amherst, and graduated with a B.A. in English. I had entered the university as an animal science major, but just didn’t do well enough in chemistry to proceed on to my dream of going to vet school. I spent my college summers working at a YMCA camp in Lakeville, CT where I taught children how to ride horses. It was a lot of fun, but the pay was really bad! In 1983, when I graduated, trying to get a job with an English degree and no experience at anything other than teaching horseback riding was near impossible. So I went to the Katharine Gibbs school and learned how to type, file, and take stenoscript.

And that’s how I met Tim Shanahan in 1984. My first job (with A.C. Nielsen) didn’t work out, so I had gone to the placement office of Katharine Gibbs looking for a new job. Tim was just starting Compass Capital Corporation, and he knew from experience that Katy Gibbs Girls were the best, and placed his office manager job listing with them. Tim enrolled me in the College for Financial Planning’s ParaFinancial Planner program and I was one of the first (and maybe the last as well) in the US to earn the ParaFinancial Planner certificate. Those of you who read the prior blog entry about “Tim and Me” will know that I worked for Tim for a year before moving on, but returned about 12 years ago for this, my second stint at Compass. Between my first and second times with Compass, I spent several years with Price Waterhouse, and 10 years at Middlegreen Associates in Boston. During my time at Middlegreen, I attended night school at Bentley, and earned my certificate in Computer Information Systems, with honors.

I live in Canton, MA, not too far from Tim. I have a retired racing Greyhound, George

Susan and George, 2014

Susan and George, 2014

(formerly known as Driven by Chile when he raced at Raynham Park for three years), an Oriental Shorthair cat named Mister Bigglesworth (also known as You Little Bastard, as he is a very active and somewhat naughty cat) and a Siamese named Ming that I adopted at the age of 11 when his owner passed away. Anyone interested in discussing Greyhound adoption should contact me through my Facebook page. I enjoy relaxing with my pets, gardening, writing, and what small DIY projects I can come up with in my small condo. I am also a huge NFL and PGA Tour fan. I am very active fundraising for “The Greyhound Health Initiative,” that helps fund the work of a canine cancer researcher who has a special interest in Greyhounds, Dr. Guillermo Couto.

I have worked in the financial services field since my first go-round at Compass in 1984. I find I have a knack for paperwork and office management. Something no one ever really aspires to, but something that is very necessary. I also seem to be able to figure out most any office equipment, technology, and web issues. That too is something no one grows up dreaming of doing, but it needs to be done and makes me a valued part of the Compass team.

I feel fortunate to be at Compass. Not only do I have ready access to all kinds of experts on many topics that I am NOT an expert in, I have seen first hand how a firm can grow through hard work, determination, and by providing a service that people need in a way that truly helps them.

Dave Morgan, Compass Capital Trusted Financial Advisor

When Dave Morgan first joined Compass Capital, it was as an intern, earning credits towards his CFP (Certified Financial Planner) designation.

Dave Morgan

Dave Morgan

It’s not every investment advisory firm that also has a pharmacist on staff, but Compass does!

I was curious what made Dave give up a successful career as a pharmacist and pharmacy owner and go back to school to become a CFP.  Dave said:

My interest in financial planning was a result of having received bad advice from various sources over the years. I was fortunate to be able to intern at Compass Capital (6,000 hours as required for certification; only 1,000 hours are required to become a pharmacist!) and then to remain on as a Certified Financial Planner. The number one consideration in choosing a financial planner is trust and Tim Shanahan earns the designation of “trusted financial advisor” . Most of my clients are healthcare professionals and I am able to guide them through the vast choices they have with their money and help them choose what is best for them.  I have learned what NOT to do when it comes to finance, and that the most important thing you can do is find an advisor you trust.

Dave grew up in Hyde Park, one of eight children (2 brothers and 5 sisters).

He went to BC High and was a member of the Glee Club. Dave graduated from U Mass Amherst with a degree in Zoology in 1978. Of his degree Dave quipped, “The market was weak on zoos for sale so I enrolled at Mass College of Pharmacy which had better job prospects.”

Following graduation Dave went to work at Paul’s Home Pharmacy in Hyde Park. He purchased the store in 1980, and changed the name to Home Pharmacy. A few years later (1986) Dave opened an additional business, a home health care store near Fenway called Boston Home Medical. Not content with just owning businesses, Dave also operated and managed the outpatient pharmacies at Beth Israel and Boston City Hospitals.

In 2003 Dave sold his businesses and left the world of pharmacy ownership.  His goal had been to retire at age 50 and he did.  This allowed him to pursue his interest in investing and financial planning.  Dave enrolled in the Boston University financial planning certificate program and passed the CFP exam.  Upon completion of his coursework, Dave became a Compass Capital intern. Today he too is a trusted financial advisor and focuses on healthcare professionals.

Dave also works part time for the Norfolk County District Attorney under a Federal Grant that focuses on decreasing prescription drug abuse and overdose deaths.

Dave is looking to grow his financial planning practice by offering advice on what works and what to avoid in growing and keeping their wealth.

The Morgan Family

The Morgan Family

Dave lives in Weymouth with his wife Susan.  He is the proud father of twin 11 year old daughters.

Written by guest blogger- Susan Scheide

Want to Bring Your Idea to Life?

I’ve served on a judging panel for a few prior years at the Suffolk University Competition for Innovative Ideas which is run by Dr. Sushil Bahtia who is the Executive in Residence at Sawyer Business School, Suffolk University in Boston. Dr. Sushil Bhatia is president of JMD Manufacturing and has always been an innovator, developing products like Glue Stic, DeCopier, labels of different kinds etc. It has always been a passion of his to help others bring their ideas to life. Two of the competition’s categories are open to everyone (see http://www.suffolk.edu/innovativeideas ). You can enter and win up to $100K in cash and services to start developing your product and help you go from Idea to Execution. So put on your thinking cap and send in your ideas. “Your ideas can change your life.”

Award categories:

  • Freshman Student
  • Sophomore Student
  • Junior Student
  • Senior Student
  • Graduate Student
  • Alumni Award
  • Frugal Innovation (Bottom of the Pyramid) Award: Recognizes inexpensive and useful products designed to help 4+ billion people who earn roughly $2 a day.
  • Urvashi Bhatia Green Product Award: Given to ideas that meet environmental needs.
The Urvashi Bhatia Green Product Award and Frugal Innovation Award are open to the general public. All other awards are only open to Suffolk University students and alumni.

Contest Rules

  • Your idea should be well-formulated. You don’t need to physically create the product, but illustrations are encouraged and should be included in your application.
  • The idea can be inspired from an existing product or service, as long as it does not a replication.
  • You may apply individually or as a team.
  • Submissions will only be accepted online.

Judging Criteria

  • Boldness/freshness
  • Persuasiveness and coherence
  • Fulfillment of customers’ needs?
  • Idea feasibility
  • Compelling benefits
  • Environmental (green) benefits
  • Competitive advantage
  • Risks and related mitigation

Deadline

December 31, 2013

Prizes

A team of business professionals will decide on finalists. The finalists then create development plans to compete for a Seed Capital Award of up to $100,000 in cash and professional services to help with fundraising, IP protection, incubator space, legal issues, prototyping, licensing, and product development.
Register online and submit your entry by December 31, 2014.

Where’s the Beef?

It’s likely you’ve noticed some creeping up of food prices while digging for extra dollars at your local supermarket checkout counter. According to the latest Bureau of Labor Statistics report, the average retail costs of such staples as fish, poultry, and eggs have climbed by double digits over the last twelve months, and items like beef have skyrocketed.
Beef is now at its highest price in almost three decades at $5.30 per pound — up more than 25 cents since January. With punishing droughts and rising global demand, it’s unclear if and when prices will begin to fall. It may be time to make some adjustments to our eating habits or at least a few changes to our summer grilling plans.
*** NBC LINK
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Source: NBC

Are You Smart About the Management of Your Retirement Income?


When you retire, you have more control over your time, and finally have enough leisure to do what you want. While taking control of your time may not require a lot of advance planning, taking control of your retirement finances does. Whether retirement is years away or already here, these tips from FINRA Investor Education can help you manage your retirement income.

Getting Ready for Retirement

Introduction
When you retire, you have more control over your time, and finally have enough leisure to do what you want. While taking control of your time may not require a lot of advance planning, taking control of your retirement finances does.
You need income you can count on, year in and year out for a very long time. This resource will help you manage your retirement income wisely.
Whether your retirement is fast approaching or years away, there are actions you can take now to maximize retirement when the time comes. It’s never too early or too late to start.
Managing retirement income starts with knowing what your sources of income will be—from Social Security to an employer-sponsored retirement savings account like a 401(k)—and the rules that govern each income source.
When you retire, you begin to take income from your defined benefit pension or defined contribution plan. You may also take income from a Social Security account. You should learn about the payout options from each source and what each means for your personal situation.
Retirement income management is all about making sure your retirement savings provide enough income for your needs, and that you don’t outlive your assets. This starts with setting up and managing a portfolio that’s right for you.
When you retire, you leave behind many things—the daily grind, commuting, maybe your old home—but one thing you keep is a tax bill. In fact, income taxes can be your single largest expense in retirement.
You’re retired, but you may want to go back to work. You should, however, understand exactly how working after retirement might affect your Social Security, pension benefits, and other retirement income.
Once retired, you may have questions about the future—particularly about how your spouse and family will cope financially if you become disabled or die and what will happen to the assets in your estate after your death. These valid concerns underscore the importance of solid long-term planning.
Your plans for the future shouldn’t just be about what happens to your property or financial affairs. The longer you live in retirement, the greater the likelihood that you will need to use health insurance or arrange for long-term care.
Download the print version:

Imagine that You (or your parents) Want to Age in Place

Actually you may not need to imagine it for long- if you wait long enough it will happen anyway. So why are we having this conversation? The American dream is to own our own home and most of us do.  If you are approaching your elder years – or have elderly parents – who have decided to age in place, it’s important to discuss how to best reconfigure your homes to accommodate your new or changing needs. Why would that matter to you?”  As you’re trusted financial advisor, we know that re-configuring a home can be costly and that impacts your financial plan.

A smart first step toward sound, long-term, eldercare planning is to focus on the safety of the home to prevent accidents that can be life-changing and potentially wipe out your savings.

Working in partnership with The Center for Innovative Care in Aging at the Johns Hopkins University School of Nursing, Legg Mason developed a Home Safety Assessment Checklist – a guide to the features of a home that may be unsafe for you or their parents as they age.

Here is just a snap-shot of the important questions seniors aging in place should consider:

•Is there significant lighting all around your house?

•Are your driveway and walkways smooth and evenly paved and is the slope low enough?

•Are your steps even and in good condition, and are there hand rails at all steps?

•Does your porch have a railing?

•Does your decking have secure floorboards with no nails sticking up?

•Is there a clear pathway (devoid of clutter) through the entry hall and hallways?

•Are there grab bars in the bathroom?

•Is furniture stable and do throw rugs have anti-skid backing?

•Do windows and doors open easily?

•If necessary, is the entryway wide enough for a wheelchair/ walker?

While there are many easy and inexpensive improvements that can be made to help improve safety such as grab bars in bathrooms, handrails and wider entry ways, other changes might be substantial. It’s important to keep in mind:

If you have Medicare you can ask your primary doctor for a prescription for a home safety evaluation from an occupational therapist who has the skills and knowledge to evaluate the safety of the home.

Any home modifications made should be conducted by licensed and bonded contractors that are familiar with Universal Design principles.

For further information: Download “Aging clients and their families”, a new whitepaper by Legg Mason in collaboration with The Center for Innovative Care in Aging .

As Billy Crystal said in the movie “The Grandparents”: “I look ten years younger than my age and I feel ten years younger than that!”