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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

We could not think of a better way to celebrate our Chairman, Paul Means’, 50th year at the Firm than by welcoming his eldest son, David G. Means, to the Firm! Dave joins Means Wealth as a Senior Vice President and Financial Advisor, bringing over 15 years of experience in the industry. Prior to joining … Continued

At this point, you likely have heard of the term “The Great Resignation”, which refers to the sudden surge in workers leaving their jobs in 2021 and 2022. According to the U.S. Bureau of Labor Statistics, the number of resignations (also known as “quits”) rose to a high of 4.5 million in November of 2021. … Continued

By: Jamie Stone, Chief Planning Officer “…you know what I’m craving? A little perspective. That’s it. I’d like some fresh, clear, well-seasoned perspective.” – Anton Ego (Ratatouille). As the father of three young boys, most of my cultural references these days are from some sort of children’s programming. But I love this scene in the … Continued

“All past declines look like an opportunity, all future declines look like a risk” —Morgan Housel To say 2022 has been a difficult year for the stock market would be an understatement. As of its close on Friday, May 6th, the S&P 500 index was down 14% from its all-time high which was set earlier … Continued

2022 is a special year for Means Wealth Management, as it marks Paul’s 50th year with the firm!  For anyone who has had the pleasure of working with Paul over the past 50 years, you know that he is incredibly passionate about clients, the Firm and the investment industry.  You also likely know that he … Continued

Only two months into the new year, 2022 has already been a long year in the stock market. Last week, the S&P 500 index hit correction territory—which means that it is down more than 10%. The Nasdaq, which is primarily made up of tech stocks, is currently down more than 13%. We want you to … Continued

Those who have been investing for decades know that the market is cyclical.  We move from bull market to bear market and back again, often at different intervals but always between the two.  The bull periods can be fun and exciting.  The bear periods can be uncomfortable. As of this week, the S&P 500 is … Continued

Every year, millions of people ring in the New Year by making resolutions and establishing goals.  You know the common ones:  exercise more, eat less junk food, spend more time with family, learn a new skill, and so on.  Setting your goals and ensuring your daily habits align with those goals is incredibly important, and … Continued