Winter Is Coming

This article on savings during retirement is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Winter is coming up on the calendar, just like it does every year.  The squirrels will be gathering their nuts and the Snow Birds will be heading south.  In New England, some winters are harsher than… Continue Reading: Winter Is Coming

Average Joe’s

This article on savings during retirement is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA The movie Dodgeball: A True Underdog Story came out in 2004.  It’s a story about gym owner Peter Lafleur (Vince Vaughn) trying to save his gym.  The gym is very behind on its bank loan and… Continue Reading: Average Joe’s

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

7 Reasons Not to Wait Until Thanksgiving to be Grateful

This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA You don’t have to wait for Thanksgiving to be grateful.  You can be grateful every day.  It’s your choice.  Life might not be going swimmingly well for you every day.  I get it.  I truly hope you didn’t expect it… Continue Reading: 7 Reasons Not to Wait Until Thanksgiving to be Grateful

The Last Mortgage Refinance

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

“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… Continue Reading: “It’s Not About the Money”

Why The Fed Got Off its Assets and Raised Interest Rate

The Federal Open Market Committee (“FOMC”) raised the Federal Funds Target Rate by .25% from .50% to .75%.  The Federal Funds Target Rate is the interest rate charged to financial institutions for the trading they do with each other overnight. The last time they had raised rates was in December 2015 when the Fed had… Continue Reading: Why The Fed Got Off its Assets and Raised Interest Rate

Patience Pays Dividends

For months prior to the presidential election, investors remained in a holding pattern, poised to see how the domestic and global markets would react. Many international markets saw pullbacks, but U.S. stock markets surprised to the upside, rewarding investors after showing signs of volatility in pre-trading hours following Election Day. The domestic market rally after… Continue Reading: Patience Pays Dividends

The New Normal

The New Normal was a term to describe the financial conditions after The Great Recession of 2008-2009 by Mohamed El-Erian, currently the chief economic advisor at Allianz. The concept of the New Normal is that the economy would remain sluggish and take many years to recover. The Old Normal   The Old Normal for many… Continue Reading: The New Normal