This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Our observation is that many people are very generous with the donations they make. It sure helps that there is likely a tax deduction for…
7 Reasons Why All Investors Over Age 70 1/2 Should Consider a Qualified Charitable Distribution
Tagged with: 401(K) Plan, 501(c)(3), Adjusted Gross Income, AGI, Appreciated Property, Charitable Donation, Charity, Connecticut Estate Tax, Connecticut Income Tax, Connecticut Taxpayers, Estate Tax, Estate Tax Exclusion, Estate Tax Portability, Gift Tax, Income Tax, Investors, IRA, IRS, Itemized Deductions, Medical Expenses, Miscellaneous Itemized Deductions, Mortgage Interest, Non-profit Organization, QCD, Qualified Charitable Distribution, Required Minimum Distribution, RMD, Standard Deduction
6 Questions to Ask Your Prospective Financial Advisor
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA You’ve decided you need a financial advisor. Or perhaps you have a financial advisor and you’ve decided you need a second opinion. Here are 6 Questions…
Tagged with: Account Minimum, Commissions, Compensation, Designations, Doctors, Fees, Financial Advisor, High New-Worth Individuals
May The Odds Be Ever In Your Favor
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA The Hunger Games was a bestselling novel that was subsequently made into a movie. Both were awesome. The setting is one where the Capital is…
Tagged with: 401 (k) Plan, Captial Gains, Connecticut Income Tax, Connecticut Income Tax Rates, Estate Planning, Financial Planner, Financial Planning, Income Taxes, Investors, IRA, Long Term Capital Gains
I’m Debt Free!!!
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA No, not me! Heavens no! I have a few helpers. They help you spend your money. Some folks call them ‘children.’ This is a…
Tagged with: Borrow, Debt, Debt Free, Financial Freedom, Financially Independent, Goals, Home Refinance, Income, Money, Mortgage, Save
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
The Difference Between Tax-Free and Taxable Investments
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Investors need to know the difference between tax-free and taxable investments.
Tagged with: 401(K) Plan, Capital Gains, Capital Gains Distributions, Connecticut, Connecticut Bonds, CT bonds, dividends, Income Tax, Income Tax Bracket, Interest, IRA, muni bonds, municipial bonds, New York, New York Bonds, NY Bonds, Required Minimum Distribution, RMD, Roth IRA, state bonds, surviving spouse, Tax-Free, tax-free growth, tax-free investments, taxable investments
The Difference Between Tax-Deferred and Tax-Free Investing
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Investors need to know the difference between tax-deferred and tax-free investing. Tax-Deferred Investing Investors can avail themselves to tax-deferred investing by contributing to their 401(k)…
Tagged with: 401(K) Plan, 401(k) plan employer match, Catch Up Contribution, Connecticut, Connecticut resident, Earned Income, federal income tax, Great Recession 2008-2009, Income Tax, IRA, municipal bonds, New York, Ordinary Income, pre-tax, Required Minimum Distribution, RMD, Roth IRA, state bonds, State of Connecticut, tax-deferred, tax-deffered investing, Tax-Free, tax-free growth, tax-free income, tax-free investing
The Roaring Twenties 2.0
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…
Tagged with: Certified Financial Planners, CHINA, CT, employment, Great Depression, great recession 2007-2009, Hartford, Interest Rates, Market Correction, Recession, technolog, The Roaring '20s, trade, Wall Street Crash
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
