Means Wealth Insights

By:  Erin Barry, CEO It is hard to believe that we are over a month and a half into 2024!  One of my personal goals for the year is to keep you, our valued clients and friends, informed about our firm’s operations, goals, and philosophies.  February marks my 5th year with the Firm, including the … Continued

It’s that time of year again, a time when we turn the calendar and welcome a new year. It’s a time when we take a few moments to reflect on all that transpired over the year that just passed, and a time where we start to think about what we’d like to accomplish in the … Continued

This month, we welcomed not one, but two, new hires to the team! Mike Maberry Mike Maberry is a new Relationship Manager in our Bangor, Maine, office. Mike came to Means after working for almost 15 years in the higher education industry, most recently at Husson University. Mike grew up in Western Maine but has … Continued

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

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