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…
Blog Archives
How to Use the Tax Code to Retire in Style
Tagged with: 401 (k) Plan, Adjusted Gross Income, AGI, Appreciated Property, Captial Gains, Connecticut, Connecticut Bonds, Connecticut Income Tax, Connecticut resident, Inherited Roth IRA, IRA, municipal bonds, Ordinary Income, Required Minimum Distribution, RMD, Roth 401(k) plan, Roth Conversion, Roth IRA, State of Connecticut, tax-deferred, Tax-Free
4 Easy Steps to Stay Retired
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…
Tagged with: 401(K) Plan, 529 College Savings Plan, 529 Plan, Bank of Japan, Budget, Cash Reserve Fund, College, Connecticut, Connecticut Income Tax, CT, ECB, European Central Bank, Fed, Federal Reserve, Federal Reserve Board, Great Reccession 2008-2009, Income Tax, Individual Retirement Account, Interest Rates, Investment Portfolio, IRA, Living Expenses, Medical Bills, Medicare Tax, Money Market Account, Negative Interest Rates, New England, New Hampshire, Portfolio, Rainy Day Fund, Retire, Retirees, Retirement, Retirement Plan, Roth IRA, S & P 500 Index, Savers, Social Security, Social Security Tax, Starbucks, Swiss National Bank, The College Board
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 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…
Tagged with: 401(K) Plan, 501(c)(3), Adjusted Gross Income, AGI, Appreciated Property, Charitable Donation, Charity, Connecticut Estate Tax, Connecticut Income Tax, Connecticut Taxpayers, Estate Tax, Estate Tax Exclusion, Estate Tax Portability, Gift Tax, Income Tax, Investors, IRA, IRS, Itemized Deductions, Medical Expenses, Miscellaneous Itemized Deductions, Mortgage Interest, Non-profit Organization, QCD, Qualified Charitable Distribution, Required Minimum Distribution, RMD, Standard Deduction
May The Odds Be Ever In Your Favor
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA The Hunger Games was a bestselling novel that was subsequently made into a movie. Both were awesome. The setting is one where the Capital is…
3 Proven Reasons You Need a Roth IRA
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. …
Tagged with: 401(K) Plan, Adjusted Gross Income, Beneficiary, CPA, Financial Advisor, Financial Plan, High Income Taxpayers, Income Tax, Income Tax Deduction, Inherited Roth IRA, Investors, IRA, IRS, Life Expectancy, Pension, Pension Plan, Required Minimum Distribution, Retirement, RMD, Roth IRA, Savings, Self-Employment, Social Security, tax-deferred, Tax-Free, Wages
The Difference Between Tax-Free and Taxable Investments
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.
Tagged with: 401(K) Plan, Capital Gains, Capital Gains Distributions, Connecticut, Connecticut Bonds, CT bonds, dividends, Income Tax, Income Tax Bracket, Interest, IRA, muni bonds, municipial bonds, New York, New York Bonds, NY Bonds, Required Minimum Distribution, RMD, Roth IRA, state bonds, surviving spouse, Tax-Free, tax-free growth, tax-free investments, taxable investments
The Difference Between Tax-Deferred and Tax-Free Investing
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Investors need to know the difference between tax-deferred and tax-free investing. Tax-Deferred Investing Investors can avail themselves to tax-deferred investing by contributing to their 401(k)…
Tagged with: 401(K) Plan, 401(k) plan employer match, Catch Up Contribution, Connecticut, Connecticut resident, Earned Income, federal income tax, Great Recession 2008-2009, Income Tax, IRA, municipal bonds, New York, Ordinary Income, pre-tax, Required Minimum Distribution, RMD, Roth IRA, state bonds, State of Connecticut, tax-deferred, tax-deffered investing, Tax-Free, tax-free growth, tax-free income, tax-free investing
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 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…
This is NOT Your Parents Retirement
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Are you planning for your retirement? If so, keep in mind, This is NOT Your Parents Retirement. Your Parents Retirement
“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.”…
Tagged with: 401(K) Plan, 529 College Savings Plan, 529 Plan, Apple Pay, Cash Reserve Fund, CHET, College Board, Connecticut Higher Education Trust, Connecticut Income Tax, Connecticut Income Tax Return, Connecticut Residents, Federal Reserve Board, Higher Education, IRA, Money, Mortgage, Required Minimum Distribution, RMD, Roth IRA, Student Debt, Student Loans, Tax Deduction, Tax-Free
