Letter from the CEO

September 2015

Geof-Scanlon - Scanlon & Associates Employee Benefits Brokers The Purpose of My E-Newsletter
I hope you enjoy receiving my e-newsletter.  It is intended to enhance and complement the personalized service that you already receive from me.  The e-newsletter’s main objective is to ensure, regardless of busy work schedules and travel plans, that each of my clients will receive at least a minimal amount of timely advice on a regular basis.  I also hope it will stimulate your thinking on issues related to your personal finances by providing you with articles on a variety of financial topics.  Please feel free to call or e-mail me with any questions or comments, particularly with regard to the applicability of a given idea to your personal situation.Please be liberal in sharing this e-newsletter with your colleagues and friends.  Feel free to call or e-mail me with the names and addresses of people who might enjoy receiving their own copy of this e-newsletter.
Paying Off Debt Isn’t Saving
Save your money or pay off debt? It probably comes as no surprise to hear that it depends. But one thing is certain: paying off debt is not the same as saving. Here’s why.
[FULL ARTICLE…Paying Off Debt Isn’t Saving]
Student Loans and Home Ownership
We’ve all heard the stories about the crushing levels of student loan debt among recent — and not so recent — college grads. Americans now owe more than $1 trillion in education-related debt, with an average loan balance of roughly $30,000.
[FULL ARTICLE…Student Loans and Home Ownership]
Teaching Your Children to Save
Sharing information about how to handle money — including when to save, when to spend, and how best to do both — is one of the most valuable things a parent can teach their children. These money lessons will serve your children well throughout their lives.
[FULL ARTICLE…Teaching Your Children to Save]
Should You Own or Rent?
Owning a home is still part of the American dream. Certainly, there are significant financial and tax reasons for owning a home. While you typically only make a down payment of 10% or 20% of the home’s cost, you retain all price appreciation on the home. Part of each mortgage payment builds equity in your home.
[FULL ARTICLE…Should You Own or Rent?]
Staggered Retirements
Often, spouses don’t retire at the same time. Frequently, one spouse may retire first due to health problems or a layoff, not necessarily because the spouse chooses to retire early. No matter what the reason, keep these points in mind if you are in that situation.
[FULL ARTICLE…Staggered Retirements]

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