Last Friday’s jobs report brought more positive economic news in a year when the economy has arguably performed consistently better than many (including myself) would have expected. 199,000 new jobs were created (some of which can be attributed to striking auto workers returning to the workforce). Labor force participation increased, meaning there are fewer people […]
The American dream involves, among other things, the opportunity of owning your own home. Indeed, the family house is, on average, the largest asset for the typical American family. So much wealth accumulation comes from homeownership, it is often taken as orthodoxy that we should never consider renting… Purchase the house and become an adult! […]
Most folks believe estate planning to be one of the more complicated areas in their financial planning. The truth is, however, while some have more complex estate planning needs, for many, there are easy ways of ensuring that assets pass along to heirs in a way that’s not complicated at all! “Wicked Simple” estate planning […]
Watch or read below for important end-of-year and new year tips in this edition of PFA Advisor Huddle. We covered a range of topics — from pointers on employee benefits and portfolios, to tax-saving opportunities and retirement savings suggestions. Each advisor also previewed their favorite holiday recipe featured on our blog here. Enjoy! Flexible Spending […]
Seasons Greetings! Last year, Team PFA shared food and drink recipes we enjoy with family and friends during the holidays. We had so much fun with this that we decided to do it again in 2023. Even if you don’t try your hand at these recipes, we think you’ll appreciate the stories accompanying the recipes! […]
Transcription Sam Chaplin: Hi everybody. Thanks for joining us. Welcome to the Q4 Halftime Report. Today is November 14th. My name is Sam Chaplin, Portfolio Manager at Penobscot Financial Advisors, joined by our fearless leader and CIO Jim Bradley. Afternoon, Jim. Jim Bradley: Afternoon, Sam. How are you doing way over there? Two offices down […]
Social Security Mulligans: Can you get a ‘Do-Over’? The U.S. Social Security system provides for a huge amount of flexibility in how and when workers and their dependents access benefits. For example, even though your ‘Full Retirement Age (FRA)’ under Social Security might be age 67 (that’s the FRA for people born in 1960 and […]
A major risk to all financial plans is a long-term care health event. The astronomical costs of nursing home, assisted living, and in-home care can very quickly eat into retirement savings. That’s why we review the risks of long-term care and mitigation options with clients. PFA invited an expert, Ray Veroneau, Jr., CLTC, to a […]
