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 1) Plan For Your Retirement Sorry for having to state the obvious. You’re not going to get to retire if you don’t plan. This is the price of admission. After all, it is your retirement we are talking about here.… Continue Reading: 5 Easy Steps to Retirement
Save Money & Taxes in Retirement Continue Reading: 6 Easy Retirement Distribution Steps to Save Money & Taxes
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Our observation is that many people are very generous with the donations they make. It sure helps that there is likely a tax deduction for this, no question. Many people are accustomed to donating cash, writing a check to the… Continue Reading: 7 Reasons Why All Investors Over Age 70 1/2 Should Consider a Qualified Charitable Distribution
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA 1. Know Where to Start Most advice would suggest starting with knowing your goals. This is good advice with financial planning; it’s just not the first place to start. The first step is to have an adequate Cash Reserve. Everyone… Continue Reading: 3 Easy Things to Know to Get Tax Smart Investing
Local CPA, CFP® Thomas Scanlon of Raymond James Financial Services in Manchester, CT quoted in national AARP article 7 Practical Tips for Building (Or Rebuilding) Your Emergency Fund How much money you need, and how can you get it by Patricia Amend, AARP, October 4, 2021 Your fridge isn’t freezing, your car isn’t running, you suddenly… Continue Reading: It’s Not a Matter of “IF” Something Will Go Wrong, But “When”
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
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA You have reached the holy grail (for some) and retired. Congratulations! You are in the Land of No Alarm Clocks. Now you can do (almost) whatever you want to do. You’ve worked your whole life to get here. Now it’s… Continue Reading: 4 Easy Steps to Stay Retired
This article 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 income on your federal income… Continue Reading: The Difference Between Tax-Free and Taxable Investments