The University of Maine System (UMS) retirement plan presents a range of choices that can be challenging to navigate. This post scratches the surface on the key aspects of the UMS retirement plan, focusing on TIAA and your investment decisions. TIAA: The Core of Your Retirement Plan The UMS retirement plan is referred to as […]
Disclaimer: The foregoing content reflects the opinions of Penobscot Financial Advisors and is subject to change at any time without notice. The content provided is intended for informational purposes only and should not be construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the […]
Navigating health insurance at any age can be confusing and daunting. When you’re also negotiating a type of insurance that’s brand new to you and adjusting to a new life as a retiree, Medicare can feel overwhelming. The good news is Medicare is not as complex as it may seem. We’ve broken down the essential […]
Summary RECORDED 8/22/2024 This Halftime Report begins (like many others…) with a discussion on inflation, highlighting the dual mandate factors of US Consumer Price Index and the US Unemployment Rates. While Core Goods, Food, and Energy Inflation are at bay, Core Services Inflation remains high. The discussion closed with a look into Owners Equivalent Disinflation […]
Receiving stock options is exciting but can also create a lot of questions. First, what is a stock option? A stock option is simply a financial incentive that gives an individual the right, but not the obligation, to buy or sell shares of a company’s stock at a predetermined price. Typically, this is advantageous for […]
Disclaimer: The foregoing content reflects the opinions of Penobscot Financial Advisors and is subject to change at any time without notice. The content provided is intended for informational purposes only and should not be construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the […]
Americans value their time. A lot. A recent study by the investment firm Empower revealed that the average American values their time at a rate of approximately $240 per hour[1]. That number has raised eyebrows across the industry, especially given the fact that someone who makes $240 an hour on a full-time job would have […]
You name an emergency contact at endless places: your gym, work, doctor’s office, the jump park, airlines, the spa where you might get a massage. This practice has become so commonplace that you probably scribble a name and phone number on the form without asking questions. We have come to expect this and I understand […]
The Maine Pension Income Deduction has provided a modest discount on Maine income taxes to retirees over the past decade. For most, Social Security benefits (which are already not taxed in Maine) exceeded the allowable deduction making it a moot point. But over the course of just three years the deduction has grown more than […]
