Mainebiz

V I E W P O I N T S W W W. M A I N E B I Z . B I Z 3 M AY 1 4 , 2 0 1 8 From the Editor I n this issue we tackle the age-old question, When the heck am I ever going to be able to retire? ere's a lot of data out there showing most Americans don't have the foggiest idea. Some 55 mil- lion people don't even have the option of investing in a 401(k) plan because their employers don't offer that option, according to AARP. A good share of those with retirement plans have enough saved to provide an underwhelming monthly stipend of $369. Ouch. (See Page 17 for more.) As reported by Senior Writer Laurie Schreiber, Maine's two largest publicly traded companies, IDEXX Laboratories Inc. and WEX Inc., as well as Maine's largest construction company, Cianbro, are educating employees about how to take better advantage of the retirement plans offered. (See Page 22.) "is is a national issue," says Giovani Twigge, chief human resources officer at IDEXX, tells Mainebiz. "People do not save enough for retirement. We think that companies have a responsibility in helping employees prepare for that." When it comes to individual retirement plans, mil- lennials are proving to be an attractive target for invest- ment firms. As Senior Writer Renee Cordes reports, many younger professionals jolted by the great reces- sion are now serious about socking away money for the future. (See Page 18.) "ey've grown up with access to so much information at their fingertips, and so they're very savvy," Amanda Rand, president of Spinnaker Trust, told Mainebiz. Scott Mazuzan, an investment manager at F.L. Putnam Investment Management Co., adds: "ey're extremely curious and almost wary of the industry and they just want someone to tell them what they're doing is sound and reasonable." Outside of the investment world, tourism season is upon us, and Staff Writer Maureen Milliken reports on efforts by arts-and-cultural attractions and outdoors events to bring in more visitors. "I think of Maine as a place where nature and culture meet," Suzette McAvoy, director of the Center for Maine Contemporary Art, tells Mainebiz. She describes a need for visitors "to experience a sense of place." (See Page 14.) Peter Van Allen pvanallen@mainebiz.biz What's in your 401(k)? Featured @ Mainebiz.biz For a daily digest of Maine's top business news, sign up for the Mainebiz Daily Report at mainebiz.biz/enews Get Maine's business news daily at mainebiz.biz and on Twitter (@Mainebiz). Below is our top content from the week of April 23–May 7. 1. Here's how Maine hospitals fared in latest Leapfrog safety rankings 2. Maine Media Collective severs ties with owner, cancels festival 3. Libra Foundation's Monson development on track for first artists 4. Vets First Choice to merge with spinoff of Fortune 500 company 5. Breaking: Kennebunkport Festival 2018 is a 'go' after all 6. Here's a sneak preview of Maine products 'ready to launch' globally 7. While ski resorts cope with climate change, condos are still in demand 8. Old Town engineering firm Sewall Co. sold to private investment firm 9. Brunswick Landing to get first new residential development 10. CEI Ventures closes $500K investment in Biddeford startup P H O T O / W I L L I A M T R E VA S K I S 1 Be smart. BE SHUR. bernsteinshur.com When you need someone committed to raising the bar, not just passing it. I think of Maine as a place where nature and culture meet. — Suzette McAvoy director of the Center for Maine Contemporary Art

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