News
ANM Properties Announces Addition To First Floor Of Bangor’s Historic Nichols Block
Bangor, Maine – Financial planning and payroll processing firm, Thompson-Hamel, has entered into a long-term lease with ANM Properties to move into the first floor of downtown Bangor’s historic Nichols Block on Exchange Street. “We will occupy the 1,600 square foot first floor,” said Brian Hamel, Managing Partner of Thompson-Hamel, “We are extremely excited to … Read More
What’s New at Thompson-Hamel in 2017
With spring now upon us and summer fast approaching, we thought we’d take this opportunity to provide you with an update on the 2017 happenings at Thompson-Hamel. You can read the full letter to our clients here.
Pam Scheppele & Natalie Nadeau Earn Designations
Presque Isle and Bangor, ME – The Bangor and Presque Isle-based financial services firm of Thompson-Hamel, LLC is pleased to announce Pam Scheppele and Natalie Nadeau have earned professional designations that will allow them to provide added services to Thompson-Hamel’s client base. Pam Scheppele has earned the Retirement Income Certified Professional (RICP) designation from the … Read More
Three Financial Issues to Watch Under the New Administration
On January 20, 2017, Donald J. Trump will be sworn in as the 45th president of the United States. Between now and then, attention should largely focus on efforts to facilitate an orderly transfer of power. However, there will be no shortage of conjecture over what may happen after the inauguration. While changes are likely, … Read More
Consider Munis for Tax-Free Income
The city of Detroit’s 2013 bankruptcy and the continuing debt crisis in Puerto Rico have cast municipal bonds in a negative light for some investors. In general, however, “munis” are considered to be a relatively safe investment. They are more stable than corporate bonds. A 2015 study found that only 0.14% of municipal bonds default … Read More
Finding Lost Money
The idea of finding buried treasure or receiving an inheritance from a long-lost relative is a staple of fantasies and adventure stories. Though finding treasure is unlikely, discovering “lost” money or other assets from a relative, a business, or a government agency may not be a fantasy after all. The Unclaimed Property Professionals Organization estimates … Read More
Why You Need a Will, Even If You’re Not a Prince
The unexpected death of famed musician Prince in April 2016 put the importance of a will in the national spotlight. Prince, who apparently died intestate, without a legal will, left an estate worth an estimated $150 million – $300 million. Those assets’ disposition will now be up to the state of Minnesota and may take … Read More
The Status of Women-Owned Businesses
According to the U.S. Census Bureau’s Survey of Business Owners, the total number of U.S. businesses grew just 2% between 2007 and 2012. Meanwhile, the number of women-owned businesses grew by about 27% to 9.9 million. At last count, women-owned businesses employed almost 9 million people and added more than $1.6 trillion annually to the … Read More
Bipartisan Budget Act Impacts Medicare & Social Security
The Bipartisan Budget Act of 2015, signed into law on November 2, 2015, ensures federal government funding through the fiscal year 2017, primarily by suspending forced across-the-board spending cuts called “sequesters,” which were triggered when lawmakers failed to reach a budget agreement in 2011. Among a variety of other provisions, the law limits Medicare premium … Read More
Is 70 the New 65? Why Americans Are Working Longer…
Age 65 has long been considered the traditional retirement age, and not coincidentally is also the age of Medicare eligibility. According to recent statistics, the percentage of Americans 65 and older who are still in the labor force has risen to nearly 20%, the highest level since before Medicare was established in 1965 (1). More … Read More