The Scanlon Report

6 Easy Ways to Navigate a Recession

This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA. Everyone ‘knows’ and is constantly talking about the next Recession, if we are not already in it already. What is a Recession? The textbook definition of a Recession is when the Gross Domestic Product (GDP) contracts for two straight quarters.… Continue Reading: 6 Easy Ways to Navigate a Recession

Creative Destruction

This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Creative Destruction was a term coined by Austrian Economist Joseph Schumpeter in 1942.  This term essentially describes the dismantling of current processes and procedures to make room for improved methodologies. An example of Creative Destruction is smart watches replacing wristwatches.… Continue Reading: Creative Destruction

“Top 10” Financial Planning Checklist

This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA For this post, we will review our Financial Planning Checklist. The following is our “Top 10” list of things you should consider as part of your financial planning process. Opinions expressed in the attached article are those of the author… Continue Reading: “Top 10” Financial Planning Checklist

“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.” Bull Just to be clear: It’s always about the money! Don’t get me wrong I… Continue Reading: “It’s Not About the Money”

3 Ways My Daughter Financially Contributed to her College Education

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

Mad Max Was Wrong

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

Plan B

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

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 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