Friday, March 24, 2017

Business spotlight Balsam Ridge Farm by Michelle Libby

Balsam Ridge Farm is gearing up for this year’s Maine’s Maple Weekend, this Saturday and Sunday - March 25th and 26th. Located on Egypt Road in Raymond, Balsam Ridge is a family owned farm that started as a Christmas tree farm in 1993 when Dewey and Sharon Lloy bought the property. They cleared the land for the farm before even building their home, Sharon said. 

Boiling sap
The business started as a hobby, but became a year round operation with the syrup production and over 10,000 Christmas trees. Dewey had an aunt and uncle who owned a tree farm, so the Lloys had been exposed to the business. Coming from South Portland, the couple and their three children longed for more space. 

Each season there is always something that must be accomplished, from new tree plantings, to hand trimming each tree, to making maple syrup. “We hand sheer each tree based on the characteristics of the tree. Like people, they come in all shapes and sizes,” said Sharon. 

In the late winter/early spring, sap starts running from the over 1,000 taps on the property. The sap runs through tubes into the pump house, which then pumps the sap into the sugar house. Seventy percent of the syrup is made by Sharon in the oil burning evaporator. With a young family when they first started, she offered to take the helm if it was automated. Dewey made that happen and she was able to run a household, take care of the kids and their needs, as well as produce close to 300 gallons of syrup each year. 

“That satisfied the needs of the farm,” Sharon said. The farm now offers online sales and shipping for those who can’t make it to Raymond. Customers come from all over to visit the farm and return year after year for their supply of Maine syrup. “Families come from all over - Massachusetts, Connecticut and beyond. They come for skiing and visiting family. We have a following,” she said.
Education has been important at the farm. Watching and learning how sap is boiled down into syrup brings back childhood memories. Most people remember when they made syrup with their grandparents and that they did something to help out. 

“It brings them back to childhood,” Sharon said. “People are always amazed at the amount of sap it takes to make a gallon of syrup.” It’s said that 40 gallons of sap make 1 gallon of syrup, but at times it takes a little more sap to make it the right consistency, Sharon said. 

This year Balsam Ridge is bringing back its popular Pancake Breakfast from 9 a.m. to 2 p.m. on Saturday and Sunday. The Raymond Lions Club will run the breakfast and all the proceeds will go to them to help support their programs in the community.   
In addition to the pancakes, there will be demonstrations of tree tapping at 11 a.m. and 2 p.m., and if the pancakes weren’t enough food, there will be hot dogs cooked in sap and homemade maple baked beans from 12 p.m. to 4 p.m. At 1 p.m. visitors can try taffy on snow, which is when heated syrup is poured over snow and it turns into taffy. They will also have maple syrup over ice cream, a Maine’s Maple Weekend staple. 

On Sunday, there will be live entertainment featuring Red Beans & Rice from 11 a.m. to 2 p.m. All weekend there are self-guided tours and the Sugar House and Gift Shop will be opened for all maple needs - including homemade confections such as maple whoopie pies, maple cotton candy and more. People are also encouraged to snow shoe through the Christmas trees if conditions are right.  

March has always been Maple Month at Balsam Ridge. Don’t miss out on the fun. For more information on the farm or to purchase syrup and other goods online, visit: or visit them on Facebook to find out when they are boiling sap for a drop in visit by appointment.

Do You Know How Your Investments Will Be Taxed? By Scott Thoma

Changes in tax rules, much like the stock market, can be unpredictable, so how can you anticipate your tax bill in retirement? Having some tax diversification with your accounts may help you counter the ever-changing tax environment and provide you with some flexibility when you retire.

1. Use different IRAs for tax diversification.

You can maintain balance by contributing to traditional and Roth Individual Retirement Accounts. But the focus of your contributions may change depending on your life stage and tax situation:

If you’re a younger investor or in a lower tax bracket, a traditional IRA’s tax deduction or a pretax deferral into an employer plan may be less important, making a Roth IRA potentially more beneficial.

If you have the majority of your retirement savings in a traditional IRA or 401(k) account and can forgo the current tax deduction, consider shifting some of your contributions to a Roth account. If you have fewer contribution years remaining, converting a portion of retirement assets to a Roth may increase tax diversification and flexibility in retirement (but may also cause a current taxable event).

2. Watch your sequence of withdrawals.

How much you withdraw from your investments may be the most influential factor in how long your money will last. Since every dollar you spend on taxes is one less you have to spend in retirement, the goal is to increase after-tax income. Tax diversification can help you structure withdrawals to potentially reduce taxes and increase the amount of after-tax spendable income.
Generally, we recommend taking withdrawals in the following order:

Required Minimum Distributions (RMDs), if necessary
Dividends and interest from taxable accounts
Taxable accounts (positions with losses first, if available, then gains)
Tax-deferred accounts (traditional IRA)
Tax-free accounts (Roth IRA)

This sequence is just a guide, since the accounts and investments you use for withdrawals may vary from year to year depending on tax and investment considerations. For example, it may make sense to vary this sequence or take from multiple account types to help reduce taxes and prevent moving into a different tax bracket.

Since where you take withdrawals should depend on your tax and financial situation, it’s important to discuss your expected income and withdrawals with your financial advisor and tax professional each year.

3. Consider other investments that may provide a tax advantage.

Ask your financial advisor if the following are appropriate for your situation:

Municipal bonds
Dividend-paying stocks
Advisory programs that offer tax management features
Together, you can discuss other strategies, including:
Tax-loss harvesting
Portfolio rebalancing and reducing over-concentrated positions
Increasing contributions to traditional or Roth IRAs and employer-provided retirement plans
Converting traditional retirement funds to a Roth account
Get diversified

Tax diversification can help provide flexibility and sustainability for retirement savings. While tax codes may be complex and ever-changing, the solution doesn’t have to be. Talk to your financial advisor about how tax diversification can play a part in your long-term retirement goals.

Friday, March 17, 2017

Business Spotlight: Roots Hair Studio and Spa by Michelle Libby

To most people, how they look to others is important, but how a person feels about him or herself is even more crucial. At Roots Hair Studio and Spa, the goal of the stylists is to make sure everyone who leaves the salon feels better than when they arrived. 

“We want to give you the best look that’s going to suit you - and we listen,” said stylist Shelley Worthing. 

Stylists at Roots Hair Studio and Spa have a year under their belt in their space at 359 Roosevelt Trail in Windham. However, the four ladies have a combined 78 years of experience doing hair, makeup and more. 

“We’re super excited to be a year old. We’d like to see new faces and for them to see what we have to offer,” Worthing said. There will be an Open House at the salon on Sunday for those who would like to meet the stylists. 

“We’re fun and exciting,” said stylist Natalee Taylor. 

The name Roots came together organically. Owner and stylist Rae Ann Tourigny and Worthing took over part of the building that used to be a pottery store on Route 302; they remodeled and laid down “Roots”. For Worthing it was also coming back to her “roots” as the building sits on land that once belonged to her grandfather Clifford Morrell. 

“What makes us so spectacular is that as long as we’ve been doing this, we love hair. We eat, breathe and sleep hair,” said Worthing. “It’s been amazing. We come to work because this is our sanctuary. We’d rather come to work than anything else.”

The stylists at Roots stay on their toes with trainings and make sure they know the trends and styles people want. They aren’t doing as many perms, but they are ready to help clients with whatever look they are going for; a pop of fashionable color or balayage, where the color is melted on together to blend from dark to light. Worthing said it’s more natural and has less maintenance. Many people are opting for long hair with waves for more movement, but it boils down to what looks best on the client. 

“The haircut is the most important thing,” said Worthing. “We strive to be really balanced in color and cutting.”

The salon has a friendly atmosphere, according to their customers. Roots serves men, women and children. “Rich or poor we want everyone to come here to feel beautiful,” Worthing said. “Customers heal us. We’re so graced with amazing clients and awesome people.” 

“Everyone says it, but we really have the best clients,” said Taylor, who also does OPI shellac manicures and is a LuLaRoe stylist. She holds bi-monthly Open Houses at the salon and does private bookings upon request. 

Clients are offered beverages from water and wine to tea and beer. One woman who dropped into the salon for a treatment was going through a horrible divorce and was in a terrible mood. By the time she left, she was set up on dates, had been invited to a neighborhood happy hour and was given ideas for a new job. She said she had come to Roots Hair Studio and Spa because of the Facebook reviews she had seen. Worthing smiled. “We do a lot of networking here.” 

Custom is a way of life at Roots. The stylists are looking for ways to help clients express their individuality. 

Roots is an official Paul Mitchell salon, using those products exclusively, offering shampoo, conditioner and hair color products in a variety of shades and colors. 

The salon offers Motives Cosmetics, which is a custom blended foundation, based on skin tone and type - be it oily or dry. There is a perfect formula for everyone. 

“We offer a custom blended mineral powder foundation and liquid foundations. No other make up line has that,” said Worthing. 

Corbi Duquette does facials in addition to hair. She uses Pevonia Botanica products to pamper her clients in a private room in the salon. 

“We really appreciate them walking through our doors and for taking the time to choose us,” said Worthing. 

Appointments are recommended and available upon request per stylist. Walk-ins are welcome, but to serve clients better they should call first. Hours vary by stylist, but someone is generally in the salon from 9 a.m. to 7 p.m. 

To make an appointment call: 207-893-2226 and follow Roots Hair Studio and Spa on Facebook.

Friday, March 10, 2017

Business spotlight - High Wire Hydroponics by Michelle Libby

When it comes to indoor or outdoor gardening and cultivation, High Wire Hydroponics in Raymond has the tools and knowledge to help the beginner to the advanced gardener succeed. Owners Sean Heggarty, Adam Nappi and Jeff Buckley opened the store at 1 Murray Drive, off Route 302, in 2014. Since that time they have outgrown their current location and have plans to open another store on Murray Drive. 

“All of us have been medical marijuana card carriers before the law to keep a foothold in the market that’s going to explode,” said Heggarty. 

L to R: Josh Johnson, Sean Heggarty, Adam Nappi, Jeff Sloat
In the store, they have indoor and outdoor growing equipment and all the free advice a person could need, Heggarty said. From soil to plant food, oxygen and plant pots, there are many options for growing plants at High Wire Hydroponics. 

Most of the people coming and going from the store are repeat customers and the owners welcome them by name. If there is an item a customer needs and it’s not in the store, the staff can order the items from their distributers. 

“We are very customer oriented,” said Heggarty. “Come in, chill.” They also offer customer appreciation parties and VIP parties to keep relationships tight.

Hire Wire delivers pallets of soil and are grow consultants. They lend a hand whenever needed.
In the future space, the owners plan to hold classes for medical marijuana providers, or those who want to learn to grow marijuana or other plants using hydroponics. They plan to offer classes in good soil cultivation, general gardening and more. From novice to expert growers, High Wire has the right supplies to get gardens to thrive. 

The store carries a large variety of plant food. “It’s a nice alternative to Miracle Grow,” Heggarty said. “We have better prices than a nursery and more variety for sure.” They offer many different brand lines to offer customers a vast choice of products. 

“For an indoor set up, there’s a lot more to it, but it can be easy,” Heggarty said. “Hydroponic grows plants quickly but it’s more of a project to build the system. Some want to put a plant in the ground.”
“The people who do best with hydroponics are those who are meticulous, take good notes and are detail-oriented. The system has to be checked often. If a pump dies, within two hours the plants will die”, he said.  

Maine law that went into effect January 30, 2017 - “Allows persons over 21 years to grow six mature plants and possess 2.5 ounces.” The other part of the law allows retail sale and taxation of marijuana has a legislature approved moratorium in effect. 

“It’s a huge part of the culture up here, if you’re willing to admit it or not,” he said.
Heggarty expects to see an increase in business in spring and summer, as people try their hands at growing outside their houses. Outside gardening balances the cost and ease of use against the technical side of hydroponics for those who want to be “dialed in” to their plants. 

“We’re here to help. There’s a huge uptick of new growers we can help from start to finish,” Heggarty said.

Heggarty has a degree in environmental policy and planning and has had a few other businesses before opening High Wire Hydroponics. The owners just closed on a parcel of land next to their building where they plan to create a disk golf course. They already sell the disks and other equipment in the store, so they saw this as an opportunity. It should be finished in the fall, Heggarty said. 

“We’re young, we might as well go for it,” Heggarty explained about expanding the business.
The store is open seven days a week from 10 a.m. to 7 p.m. Monday through Friday and 10 a.m. to 5 p.m. on Saturdays and Sundays. 

For more information visit: or visit them on Facebook, Twitter and Instagram or call: 207-655-2072, or email: