Comprehensive financial planning and wealth management must take into account how local events affect your investment strategy and retirement planning.
If you’re a Maine resident or plan to retire here, our “Focus On Maine” blog series helps you understand the trends and issues that are shaping the financial future of Maine’s taxpayers.
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If you’re trying to figure out how to retire early, maintaining your preferred lifestyle depends to a large degree on choosing the right geographic location.
If you like the idea of a dream home on an ocean inlet or in a natural setting as well as a vibrant cultural scene and access to good hospitals, airports and other infrastructure, you might want to consider retiring early in Portland, Maine.
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When people don’t have a sound strategy for retirement investing, they’re more likely to make investment decisions based on emotions, simplistic media reports and misguided advice from friends. While emotions and intuition are powerful in the right context, they often lead to poor decisions when it comes to retirement investing.
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If you commit to investing $5,000 per year for your retirement, would you rather end up with $505,000 or $1 million at age 65? It sounds like a no-brainer, but many people miss out on the full benefits of their retirement savings by not setting concrete, achievable financial goals.
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