This article on savings during retirement is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA My daughter attended the University of New Hampshire. Here are 3 ways she contributed to her college education. 1) Stafford Loans She has taken out Stafford Loans. She was able to borrow $5,500 her freshmen year… Continue Reading: 3 Ways My Daughter Financially Contributed to her College Education
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Mad Max 2 known as The Road Warrior was a 1981 movie that was the second installment of the Mad Max film series. The star and hero of the movie was Mel Gibson (remember him?) who played “Mad” Max. The… Continue Reading: Mad Max Was Wrong
When we were down at the beach last summer, we pulled into a gas station to get some gas. An old, blue, beat-up pickup truck pulled in next to us. In the back of the truck was a small dinghy. The name on the back of the boat was “Plan B.” I wondered what the… Continue Reading: Plan B
Interest rates, recession and so much more this winter. Continue Reading: Winter Is Here!
Investors should be aware of delaying taking their required minimum distribution Continue Reading: MarketWatch Quotes Tom On Taking Your RMD
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 a Mulligan in Golf. You knew that already. So why am I telling you this?… Continue Reading: 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 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. Married couples filing a joint return with a modified adjusted gross income of less than… Continue Reading: 3 Proven Reasons You Need a Roth IRA
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 IRA’s and 401(k) plans by April 1st following the year they turn 73. Failure to take this RMD will… Continue Reading: When You Should Take Your Required Minimum Distribution Early
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Years ago we went for a bike ride on Christmas Day on the Farmington Canal Heritage Trail in Farmington, Connecticut. It really is quite a nice trail. We have never been on a bike ride on Christmas Day as the… Continue Reading: “A Bear, A Bear, A Bear!”
Local Raymond James Financial Advisor Thomas F. Scanlon, CFP®, CPA of Manchester, CT quoted by CNBC.com on December 28, 2022. Published Wed. December 28, 2022 by Lorie Konish for CNBC 5 tips to help you knock down those balances. High inflation and rising interest rates mean holiday shoppers who turned to credit cards and other methods of borrowing… Continue Reading: Carrying Holiday Debt May Be Troubling These Days.