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May 14, 2018 EditionEdition

🔒What’s in your 401(k)? Many simply don’t know

In this issue we tackle the age-old question, When the heck am I ever going to be able to retire? There’s a lot of data out there showing most Americans […]

🔒IN SHORT

New hiresCentral Maine Healthcare in Lewiston hired Lisa Rutstein to lead the surgical oncology program for the...

🔒Maine markets arts and culture in bid to entice visitors to look beyond lobsters and lighthouses

While Maine's top visitor attractions are related to food, shopping and sightseeing, according to the Maine Office of Tourism, there's an increasing effort to market arts and culture as part of the state's appeal.

🔒Outsource accounting functions, or hire a CFO/controller? Some things to consider

Q: My business is growing. What are the advantages of outsourcing my high-level accounting function instead of...
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🔒Androscoggin Bank beefs up its lending staff

Androscoggin Bank, which has $955 million in assets and 15 offices, has brought on several key hires to oversee the bank's lending operations.

🔒Millenials and money: Financial planners reach out to new generation of investors

While most millennials are still in the phase of creating wealth, their aggregated global net worth is projected to more than double between 2015 and 2020 up to an estimated $24 trillion, according to a Deloitte report. It's just one reason wealth managers are starting to focus on millennials. Another? More than two-thirds of wealth managers' clients today are over age 60.

🔒Building Business: NewHeight Group lines up contractors for next venture

Wright-Ryan Construction of Portland will serve as construction manager for NewHeight Group's new condo project, Verdante at Lincoln Park in Portland. Archetype will be the designer.

🔒Top Maine employers take initiative in helping employees prepare for retirement

At IDEXX Laboratories Inc. in Westbrook, there's 95% U.S. employee participation in its 401(k) program. WEX Inc. in South Portland has participation of nearly 80%. Automatic retirement plan enrollment, automatic contribution escalation and/or hefty employer matches are among their strategies to improve retirement outlooks for employees.
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🔒Lyman-Morse Boatbuilding expands its market through innovation and diversification

Drew Lyman is president of Lyman-Morse Boatbuilding Inc. in Thomaston. He's cited innovation and diversification as key...
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