The Scanlon Report

The Difference Between a Roth IRA and an IRA

This article on savings during retirement is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA The Roth IRA and an IRA both offer different tax advantaged ways to save for retirement. If you are serious about your retirement plan take these 5 Easy Steps to Retirement. Roth IRA In 2021, investors… Continue Reading: The Difference Between a Roth IRA and an IRA

Tom Quoted on CNBC about Tax Consequences of Getting Proof of Home Improvements for Tax Purposes

Local CFP, Local CPA, CFP Thomas F. Scanlon of Manchester, CT quoted by CNBC.com on July 5, 2022. These 5 metros have the most million-dollar homes: If you’re selling, here’s what to know about the tax consequences PUBLISHED TUE, JUL 5 20227:30 AM EDTUPDATED TUE, JUL 5 20227:39 AM EDT Kate Dore, CFP®@KATEDORE KEY POINTS:… Continue Reading: Tom Quoted on CNBC about Tax Consequences of Getting Proof of Home Improvements for Tax Purposes

Tom Quoted on MarketWatch on May 31, 2022 About Saving Money on College Tuition

Local CPA, CFP Thomas F. Scanlon of Manchester, CT quoted by Marketwatch.com on May 31, 2022. This is the most expensive state to be a college student — plus tips from experts on how to save money Published: May 31, 2022 at 5:54 a.m. ET By Zoe Han Finding the best financial and academic fit for… Continue Reading: Tom Quoted on MarketWatch on May 31, 2022 About Saving Money on College Tuition

4 Easy Steps to Retirement

This retirement article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA. Ah, retirement, it appears to be on a lot of folks minds.  No wonder.  There are 10,000 people A DAY turning 65 in the U.S. Repeat, A DAY. 1) That’s a ton of people finally putting out and heading… Continue Reading: 4 Easy Steps to Retirement

Is the 4% Safe Withdrawal Rate In Retirement Dead?

This retirement article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA. What is the 4% Rule? Bill Bengen, now a retired Financial Advisor, put forth the 4% ‘Safe’ Withdrawal Rule in the Journal of Financial Planning in 1994. The 4% Rule essentially provides a useful rule of thumb that says… Continue Reading: Is the 4% Safe Withdrawal Rate In Retirement Dead?

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