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It’s hard to read the news lately without hearing something about Artificial Intelligence (AI). AI, by definition, is computer technology which, when combined with ever increasing computing speed and efficiency, search engine capabilities and virtually unlimited data, enables simulated functionality commonly associated with intelligent beings. In its simplest form, artificial intelligence is the ability of … Continued

June 28th is National Insurance Awareness Day, which for most people probably ranks up there with other June holidays like National Prune Day (June 15) or National Parchment Day (also June 28). But insurance and insurance planning are an important, yet often overlooked, part of everyone’s overall financial plan. Having appropriate protections against the risks … Continued

When it comes to managing one’s wealth, the guidance and expertise of a registered investment advisor (RIA) can be invaluable. Here, we will outline some of the key benefits of working with an RIA: Fiduciary Duty and Client-Centric Approach Unlike certain financial professionals who may prioritize their own commissions or sales incentives, RIAs are required … Continued

On December 29, 2022, President Joe Biden signed into law the SECURE Act 2.0 (the 2.0 Act) as part of the $1.7 trillion, 4,155-page 2023 omnibus spending bill. The 2.0 Act is referred to as the “SECURE Act 2.0” because it builds off the original SECURE Act, which was passed by Congress in 2019. Like … Continued

On December 29, 2022, Congress passed the Consolidated Appropriations Act, also known as the SECURE Act 2.0 (the 2.0 Act), which includes several changes that impact employers, employees, and workplace retirement plans in general. The 2.0 Act includes at least 90 changes to retirement plans, so we thought it would be useful to summarize below, … Continued

Means Educational Seminar Offerings

By:  Jamie Stone, Chief Planning Officer “The best thing about the future is that it comes one day at a time.” —Abraham Lincoln As we begin a New Year, many of us have a desire to accomplish or do certain things during the year ahead. These “resolutions” can come fast and furious – exercise more, … Continued

Check out our 2022/2023 Perspectives!

There is a lot of fear in the stock market and the world right now. Since I started my career here in 2009, this is the most pessimistic I have seen clients, other advisors, economists and talking heads. No doubt, there are a lot of concerning things happening, so I thought it would be helpful … Continued

In August 2022, a new Maine law took effect: LD 290 “An Act To Stabilize Property Taxes for Individuals 65 Years of Age or Older Who Own a Homestead for at Least 10 Years,” also known as “The Property Tax Stabilization Program.” The goal of this program is to help senior citizens (i.e., those 65 … Continued

By: Jamie Stone, Chief Planning Officer “Do I have enough?” This is probably the most frequent question I’ve received from clients over my career. And my clients aren’t unique. This is a common, and probably the most frequent, concern people have with their financial plan, as illustrated in the chart below that outlines common sentiments … Continued