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Scott Snider

CPF®, CRPC®
Retirement, Investing, Lifestage Based Planning
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“Scott Snider is a fee-only financial planner based in Jacksonville, FL, and is the owner and founder of Mellen Money Management.”
Firm:

Mellen Money Management LLC

Job Title:

Principal, Financial Planner

Biography:

After spending much of his 11-year career as an advisor for a large regional bank, Scott Snider decided it was time to break away from corporate America and start an independent financial planning firm -- Mellen Money Management. Scott's firm is based in Jacksonville, Florida with the ability to work with clients around the country via video conference. His company's offerings include full-service investment management and comprehensive financial planning. While their specialty is helping young professionals and families navigate past the confusing maze of college financial aid and student loans.

It is Scott's mission to end the student debt crisis one family at a time through proactive planning. In fact, Scott believes the cost of college cannot be solved in a vacuum. Financial trade-offs, like saving for retirement, must be prioritized and included with such large expenditures. In other words, Scott's company helps their clients plan for the financial impact of major life transitions so that they are prepared for life's biggest moments. Such an approach has helped Scott's client realize their dreams and live a more fulfilling life.

Please explore the Mellen Money Managment website, check out the FAQ page for answers to our most common questions, subscribe to The Money Blog to stay up to date with the latest content, or contact Scott to learn how we can help.

Education:

BS, Finance, Miami University

Assets Under Management:

$5 million

Fee Structure:

Fee-Only

CRD Number:

4916509

Disclaimer:
All Articles
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Most Helpful
September 2017
    Personal Finance
February 2018
    Debt, College Tuition, Personal Finance, Taxes
April 2018
    Financial Planning, Personal Finance
August 2017
    Retirement Plans, Retirement Savings
December 2017
    College Tuition, Debt

All Answers
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    IRAs, Taxes
Can I sell all of the holdings in my IRA and keep the cash in my IRA account without tax consequences?
100% of people found this answer helpful

Absolutely. Your IRA is a tax sheltered account. Therefore you can buy and sell securities within your IRA account without incurring any tax consequences. This includes moving your funds to cash. The taxation on your money occurs when you withdraw the cash out of your IRA and put it in your bank account. Note that the exception to this is the Roth IRA, which allows for tax free withdrawals because the money contributed was already taxed going in. Just be mindful that there are other nuances to be aware of if you ever consider taking money out of your IRA. The good news, in your case, is that you don’t have to pay taxes for holding cash inside your IRA.

last month
    Debt, Financial Planning, Retirement, IRAs, Income Tax
Should I use retirement money to pay for graduate school?
100% of people found this answer helpful
April 2018
    Banking, Financial Planning, Retirement, Retirement Savings
How can I grow my retirement savings without loss?
100% of people found this answer helpful
last month
    Stocks
Does the washout rule about buying and selling stocks or funds within a 30-day period pertain to individual accounts or to the single investor?
100% of people found this answer helpful
last month
    Banking, Investing, Asset Allocation
How do I start investing with less than $10,000?
100% of people found this answer helpful
last month