Tips & Resources

Every client’s financial goals and needs are unique. Here at Baird, we focus on understanding who you are and what is important to you financially. Follow the links below for advice on tax/financial planning, investment/portfolio management, education planning and more.

Credit Freezes

Did you know that if you ever have concerns about credit card fraud, data breaches or identity theft you have the option of placing a credit freeze on your report?

To learn all about credit freezes click here

The Maine Bureau of Consumer Credit Protection has recently published a "New Homeowner Anti-Scam Advisor" booklet. It offers guidance for anyone applying for a mortgage, close to closing on their mortgage, or new homeowners. Click here to view the booklet.

Tips for Budgeting

Downloadable budgeting sheet - click here


Source: Kabala, Matt, The Missing Semester. 2012.

• Do not let your spending dictate your savings

• Know your budget and stick to it

• If you can’t afford it, don’t buy it

• Prepare for unexpected issues to arise, because they will

Understanding Credit Cards

Although credit cards are convenient, if not properly used they can have a detrimental effect on a person’s financial stability. Here are a few things to keep in mind:

Limit the number of credit cards you have – Credit cards give us a false perception of what we can afford. The more credit cards you have, the easier it is to find yourself in debt. It is best to only have one credit card but definitely no more than two.

Always pay off your entire credit card bill if you can – Do not charge something to your credit card if you know you won’t be able to pay for it when the bill comes in. However, if you cannot pay your entire credit card bill, pay as much as you can. Interest adds up quickly.

Planning for Retirement

Planning for retirement takes a lot of commitment and hard work. Financial security during retirement doesn’t just happen. Many people underestimate how much money they are going to need when they retire. Read through Baird’s tips for people planning for retirement to make sure this doesn’t happen to you.

Know your retirement needs

Put money in a retirement account

Set saving goals and stick to them

Understand your employer’s retirement plans and options

Understand your social security benefits

Highlights of the SECURE Act