Has the residential real estate market been on fire or what? Wow! Everyone has a great story (sellers) or a nightmare (buyers). Keep in mind, real estate is hyper local. The amounts paid over the asking price continue to escalate. Some sellers now are not allowing a mortgage contingency for an appraisal. This contingency means… Continue Reading: The Last Bidding War for Homes
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA. Article updated August 22, 2024. A SPAC is a so-called Special Purpose Acquisition Company. Although they have been around since the early 1990’s, they have become very popular in the past year. In 2016 there was only 5 SPAC’s completed.… Continue Reading: SPAC ATTACK (What’s that?) Update
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA My son went surfing several times off the Narragansett Beach on the Rhode Island Shore this year. He went with a couple of his buddies for the day. They would rent surfboards and then go out all day. Recently he told… Continue Reading: I Did the Math
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA How do you envision your retirement? Spending long, lazy days at the beach? Spending more time with your grandchildren? Going golfing or fishing a lot more? Everyone has their own ideal retirement plan. Want more help getting to your retirement? … Continue Reading: How to Use the Tax Code to Retire in Style
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA I know it’s not breaking news that mortgage rates are low. They are very low in fact. At the last Federal Open Market Committee (“FOMC”) meeting in September they elected to keep the Federal Funds Rate unchanged. The FOMC is… Continue Reading: The Last Mortgage Refinance
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA In golf the low scores wins. The player with the least strokes per round is the winner. If you hit a bad shot into the woods or the water hazards (ponds) you can get what is called a Mulligan. You… Continue Reading: You Only Get a Mulligan in Golf
Things are more expensive when you pay for them yourself. We never gave our children an allowance when they were growing up. I had an allowance when I was a kid. Unfortunately for me my dad tied what I could get for an allowance to my grades. He would say, “School is your job.” Well,… Continue Reading: Things are More Expensive When You Pay For Them Yourself
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 to ask your prospective Financial Advisor. 1) How Long Have You Been Practicing? This is… Continue Reading: 6 Questions to Ask Your Prospective Financial Advisor
This article, last updated in December 2023, 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. Tax-Free Investments One way to have tax-free investments is to own state or municipal bonds. The interest paid on these bonds is not taxable… Continue Reading: The Difference Between Tax-Free and Taxable Investments
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 were awesome! The last Roaring Twenties was, well, the 1920s; a mere century ago. The times… Continue Reading: The Roaring Twenties 2.0