This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Happy belated New Year. I hope that News Year’s Day was not too rough for you. The firework display at Bushnell Park in Hartford, CT…
The Roaring Twenties 2.0
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Capital Gain Distributions and Tax Loss Harvesting
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Year to Date Returns Its late fall here in Connecticut. Soon we will celebrate Thanksgiving. Investors certainly have a lot to be grateful for…
Tagged with: Capital Gains, Capital Gains Distribution, Mutual Funds, S&P 500 Index, Tax Loss Harvesting, Wash Sale Rule
5 Easy Ways to Plan for the Certainty of Your Financial Uncertainty
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Expect the Unexpected Expect the unexpected. When the unexpected happens, there is no do-over. There is no reset button to push. Remember, You Only Get…
Tagged with: 401(K) Plan, Cash Reserve Fund, Disability Insurance, Estate Planning, Financial Planning, Great Recession 2008-2009, IRA, Risk Management, Roth IRA, SEP, Term Life Insurance
The Difference Between Good Debt and Bad Debt
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Good Debt For most folks one of their primary goals is to be Debt Free. With that said, there will be times when it…
Tagged with: Bad Debt, Balance Sheet, Borrowing, Car Loans, College Board, Connecticut, Credit Cards, Debt, Debt Free, Financial Plan, Good Debt, Great Recession 2008-2009, Higher Education, Homeowner, Homeowners Insurance, Income Tax, Income Tax Deduction, Interest, Interest Rate, Loans, Manchester Community College, Manchester CT, Mortgage, Mortgage Interest, Student Loans, Trade School
When You Should Take Your Required Minimum Distribution Early
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Required Minimum Distribution The Internal Revenue Service (“IRS’) requires taxpayers to begin to take their Required Minimum Distribution (“RMD”) from their…
Tagged with: 401 (k) Plan, Early Bird, Financial Plan, Income Tax, Income Tax Bracket, Individual Retirement Accounts, Internal Revenue Service, IRA's, IRS, Ordinary Income, Required Minimum Distribution, RMD, Roth Conversion, Roth IRA, Tax-Free, Taxable Income
3 Proven Reasons You Need a Roth IRA
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA To be eligible for a Roth IRA you need to have earned income from wages or from self-employment. Additionally higher income earners are not eligible. …
Tagged with: 401(K) Plan, Adjusted Gross Income, Beneficiary, CPA, Financial Advisor, Financial Plan, High Income Taxpayers, Income Tax, Income Tax Deduction, Inherited Roth IRA, Investors, IRA, IRS, Life Expectancy, Pension, Pension Plan, Required Minimum Distribution, Retirement, RMD, Roth IRA, Savings, Self-Employment, Social Security, tax-deferred, Tax-Free, Wages
This is NOT Your Parents Retirement
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Are you planning for your retirement? If so, keep in mind, This is NOT Your Parents Retirement. Your Parents Retirement
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“It’s Not About the Money”
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Don’t you just love it when a Major League athlete signs a huge contract with a new team and says, “It’s not about the money.”…
Tagged with: 401(K) Plan, 529 College Savings Plan, 529 Plan, Apple Pay, Cash Reserve Fund, CHET, College Board, Connecticut Higher Education Trust, Connecticut Income Tax, Connecticut Income Tax Return, Connecticut Residents, Federal Reserve Board, Higher Education, IRA, Money, Mortgage, Required Minimum Distribution, RMD, Roth IRA, Student Debt, Student Loans, Tax Deduction, Tax-Free
