The huge economic slowdown in 2020 has created planning situations unlike we’ve ever dealt with. The stimulus payments from the CARES Act, paid out in the spring of 2020, were actually advance tax credits on your 2020 return. Obviously, in the spring of 2020, no one had filed their 2020…
Executive Summary On this episode of Financial Discretion Advised, Tyler and Abrin tackle the Maine Real Estate Market and some homebuying tips. The Market is Hot! Abrin and Tyler start off talking about the current state of the Maine Housing Market. Right now, things are extremely competitive with a lot…
Hello homeowners! Ever wonder how you may be able to pay less in real estate taxes each year? Well let me help you out… How Property Taxes Work Before we get to the potential savings, let’s discuss how property taxes are calculated briefly. As a homeowner, you have probably seen…
Executive Summary On this episode of Financial Discretion Advised, Tyler and Abrin tackle Investment Planning Strategies. Getting on a Routine Investment Plan Abrin explains how creating a routine investment plan can help set you up for success. By setting up automatic contributions, you can start the “baby steps” to building…
Last week, Congress approved about $1.9 Trillion dollars in additional fiscal stimulus funding, meant to provide greater distribution of COVID vaccines and testing, to increase the amount of unemployment assistance is available to workers, and to put money directly into the pockets of U.S. consumers. Much of the run-up in…
Looking at markets and the economy today, it’s remarkable how different things feel than they did one year ago. Hope surrounding widespread distribution of COVID-19 vaccines and piles of fiscal and monetary stimulus have many economists projecting some of the most significant growth in 2021 that we’ve seen in decades. …
“Play craps.” That was the advice from my friend Lou. I’d just confessed to him my level of anxiety of being in the casino and not really knowing what I was doing at the tables. I knew the basics of Blackjack but I was no expert. I’d heard of newbies…
Executive Summary On this episode of Financial Discretion Advised, hosts Abrin and Tyler bring on Craig Joncas to discuss the ever-popular financial strategy of Roth Conversions. Craig is one of the managing partners of Penobscot Financial Advisors and has over a decade of experience in the field. Traditional IRA vs Roth IRA …
Executive Summary This week’s episode gets us ready for the long-awaited transition to 2021, as advisors Abrin Berkemeyer CFP® and Tyler Hafford go over New Year’s Resolutions to get your finances in order. Goodbye 2020 and Hello 2021! Resolution #1 – Build a Budget Abrin and Tyler dive into the importance of starting at the basics….
2020 Year in Review For at least six years now, Craig and I have been alternating the responsibility of writing up our “year in review.” Somehow, I drew the short straw, and got stuck with 2020. Just my luck. I get to review the year that everyone’s trying to blot…
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