Tom Manning is president and CEO of F.L.Putnam Investment Management Co., which serves clients in Maine, Massachusetts, New Hampshire and Rhode Island and has more than $2.2 billion in assets under management.
While retirement is a major life transition for anyone, women face some unique challenges, starting with the retirement gender gap, and continuing through aspects of the retirement planning process, from budgeting to investment strategy, health care and insurance needs. Given these differences, it is especially important for women to be informed and have a plan in place.
As more baby boomers enter their golden years, a 2016 report by the Denver-based Business Enterprise Institute looked at the problems business owners face as they retire. It found that only 17% of owners have a written business-exit plan, even though most want to leave within the next decade and three out of four would do so today if their financial security were assured.
An inverted yield curve, when short-term bonds have higher yields than long-term bonds, is a very good indicator that a recession is coming. Here are some tips to prepare your investment portfolio for a recession.
Maine is currently the only state where forward-thinking, business-friendly towns have taken the initiative to create their own Opportunity Zone Funds (OZF) to attract investors to the entire town — not just a single project. Maine has three such funds, in Lincoln, Calais, and Baileyville, and their respective economic development directors are almost giddy over the new OZ rules released on April 17, 2019.
The Environmental Protection Agency says Central Maine Power’s permit application now being reviewed by the U.S. Army Corps of Engineers for its controversial New England Clean Energy Connect transmission line project is incomplete and needs a “detailed analysis” of alternatives.
Maine Heritage Timber has an interesting twist on the forest products industry. The Millinocket company recovers logs from area waterways — logs that were lost headed to mills.
Financial advisors and human resources experts agree that education and personal attention are key to hiking participation rates in employer-sponsored investment plans.
