The Difference Between a Roth IRA and an IRA

This article on savings during retirement is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA The Roth IRA and an IRA both offer different tax advantaged ways to save for retirement. If you are serious about your retirement plan take these 5 Easy Steps to Retirement. Roth IRA In 2021, investors… Continue Reading: The Difference Between a Roth IRA and an IRA

4 Easy Steps to Retirement

This retirement article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA. Ah, retirement, it appears to be on a lot of folks minds.  No wonder.  There are 10,000 people A DAY turning 65 in the U.S. Repeat, A DAY. 1) That’s a ton of people finally putting out and heading… Continue Reading: 4 Easy Steps to Retirement

It’s Not a Matter of “IF” Something Will Go Wrong, But “When”

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”

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.  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

3 Things In Life You Only Want the Best Of

This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA

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1) Seat Belts – Pretty Obvious

 

 2) Parachutes – Any Questions?

 

 3) Financial Advice

Continue Reading: 3 Things In Life You Only Want the Best Of

Only The Thrifty Survive

This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA

 

 

money

 

Andy Grove, the retired CEO of Intel wrote a book, Only the Paranoid Survive. It’s tough to argue with the title of this book. We are just going to tweak this to, Only the Thrifty Survive.

 

 

The Millionaire Next Door

 

There was a book written called The Millionaire Next Door. It described how ‘everyday’ millionaires lived. Being thrifty doesn’t mean you have to sit a home on Friday nights with the lights turned off to save money. It does however mean you will need to do some belt tightening.Continue Reading: Only The Thrifty Survive