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. For the first quarter of 2022 the GDP contracted 1.6 %, for the second quarter… Continue Reading: 6 Easy Ways to Navigate a Recession
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. However, for investors creative destruction really matters as capital does not disappear, it moves, typically from what is not working to what is working. An… Continue Reading: Why Creative Destruction Can Be a Good Thing
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”
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
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, last updated in January 2024, 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… 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.