Corrections Policy

The Financial Compass aims to provide accurate, useful, and responsible financial information.

Despite careful research and review, errors can occur. Information may also become outdated as regulations, financial products, economic conditions, government programs, or official data change.

When a material error is identified, we aim to correct it in a clear and responsible manner.

What We Consider a Correction

A correction may be necessary when published content contains a material factual error that could affect a reader’s understanding of the subject.

Examples may include:

• an incorrect financial figure
• an incorrect tax threshold
• an incorrect retirement contribution limit
• an inaccurate regulatory statement
• a calculation error
• an incorrect description of a financial product
• inaccurate historical data
• a misleading statement caused by missing context
• an attribution error
• an incorrect date

Not every editorial change requires a formal correction.

Minor Changes

Minor edits may be made without a correction notice.

Examples include spelling, grammar, punctuation, formatting, broken links, readability improvements, minor wording changes that do not alter the meaning, image updates, and layout improvements.

These changes do not normally affect the factual substance of the article.

Substantive Corrections

When a significant factual error is identified, we may:

• correct the relevant information
• add missing context
• update supporting sources
• revise affected calculations
• change the article’s updated date
• add a correction or editor’s note where appropriate

The method used will depend on the significance of the error.

Updates Are Not Always Corrections

Financial information changes over time.

For example, the Federal Reserve changes interest rates, the IRS announces new contribution limits, inflation data is revised, Social Security benefits are adjusted, mortgage rates change, legislation changes, or a financial product changes its terms.

Updating an article because circumstances have changed does not necessarily mean that the original article was incorrect when published.

Where useful, we distinguish between a correction and a routine update.

Calculator Errors

Financial calculator errors are treated seriously because even a small formula or programming error can affect many users.

If a material calculator error is discovered, we may:

• correct the underlying calculation
• retest relevant inputs and outputs
• review related explanatory content
• update the calculator methodology where necessary
• add a notice if the previous error was significant enough to potentially mislead users

Calculator results remain illustrative estimates even when the underlying calculation is functioning correctly.

Corrections to Financial News

News articles may develop after publication.

New information does not automatically make an earlier report incorrect.

When significant developments occur, we may update the existing article, add an update note, publish a separate follow-up article, or correct the original article if previously reported information was inaccurate.

We aim to distinguish newly available information from actual corrections.

How Readers Can Report an Error

We encourage readers to tell us when something appears inaccurate or outdated.

Please use our Contact page and provide, where possible:

• the title or URL of the article
• the specific statement you are questioning
• an explanation of the potential error
• a reliable supporting source

Providing a primary or authoritative source can help us evaluate the issue more effectively.

How We Review Correction Requests

Receiving a correction request does not automatically mean that published information is wrong.

We aim to evaluate credible reports by reviewing the relevant information and consulting appropriate sources.

Depending on the subject, these may include government agencies, regulators, official statistics, company filings, academic research, financial institutions, and original source documents.

If the evidence supports a change, the content may be corrected or updated.

If available evidence does not support the requested change, the original material may remain unchanged.

Disagreements and Opinions

A disagreement with an article’s interpretation does not necessarily constitute a factual error.

Financial topics can involve legitimate differences in assumptions, methodologies, investment philosophy, economic interpretation, risk tolerance, and forecasts.

Where appropriate, we may update an article to provide additional context or clarify that an issue is disputed.

However, we do not treat differences of opinion as factual corrections unless an underlying factual statement is demonstrably inaccurate.

Historical Content

We generally prefer to preserve useful historical context rather than silently rewrite history.

When older content is substantially updated, we may retain information about the original publication date while displaying a more recent update date.

This helps readers understand when the content was originally created and when it was last materially reviewed.

Transparency

Our objective is not to create the impression that errors never occur.

It is to respond responsibly when they do.

A trustworthy financial publication should be willing to correct mistakes, update outdated information, distinguish facts from opinion, explain meaningful changes, and provide readers with access to reliable sources.

We regard corrections as part of maintaining the quality of The Financial Compass rather than as something to conceal.

Contact Us

If you believe you have found an error on The Financial Compass, please contact us through our Contact page.

We appreciate readers who help us keep our financial information accurate, useful, and current.