About Scott Snider, CFP®, CRPC®
Helping clients simplify the complexities of their personal finances in a meaningful way is what drives Scott and his business. Ever since he witnessed the stressful effect the dot-com market crash had on home life as a kid, Scott knew there was a place for him in the financial services industry. He was confident in his ability to help other families avoid the same financial regrets his Dad and Mom suffered. After completing his BS in Finance at Miami University in 2006, Scott hasn’t looked back and has been giving sound financial advice to clients ever since.
Scott originally started Mellen Money Management with the purpose of providing conflict-free advice, and emphasize the impact major life transitions have on household finances. However, Scott’s desire to help a group desperate for good advice compelled him to offer a service that is lacking in the financial planning industry — advice on student loans and college affordability. Our country is currently saddled with $1.4-trillion in student loans. Unfortunately, it’s an elephant in the room most of us have ignored way too long. Rather than bury his head in the sand, Scott made a conscious decision to help young professionals and families manage the cost of college. For most, the cost of a higher education is competing with other financial priorities, and juggling all those pieces is a daunting task for anyone that is unprepared. Everyday problems like saving enough for retirement, having money set aside for a rainy day, buying a house, selecting the right healthcare plan, and more.
To put this issue into perspective, the amount of money required to pay off student loans, especially for professional degrees in Medicine and Law, is often more of a burden to a young professional’s budget than their mortgage payment. When Scott realized the harsh reality his generation is facing, it dawned on him, why aren’t more financial advisors offering a comprehensive service that is the root of the problem for the modern day professional? Shouldn’t there be an expert helping families get in front of this issue with a well-thought-out plan? This is how Mellen Money Management got started. With proper guidance, student loan borrowers and parents with college-bound kids gain the assurance necessary in order to maximize their financial resources across the board.
Retirement may sound like something that is way off in the distance for you. It may seem even incomprehensible to think about at your current stage in life. While these are common thoughts and feelings for many people, we hope that this article explains why it is so critical to start planning for retirement today. Below you will find several tips about important aspects of retirement planning.
Divorce is not something that anyone hopes for or expects to be a part of their story. Because of that, planning for divorce is not a reality, nor should it be. However, when divorce is a certainty in anyone’s situation and it is clear that your states can no longer be united, preparation and preparedness can help keep things civil.
Getting married is a very significant life event, where two individuals (oftentimes with very different backgrounds and experiences) come together to start a new life. When it comes to financial planning, marriage is a critical life stage, where it is important to take the time to make sure that your new household is fully aligned regarding your finances and long-term goals. While we know that marriage is built on a foundation of love, it is also essential to start your marriage off right when communicating about money, planning for your future, and creating life and financial goals together. Below are some pieces of advice for anyone that is in (or around) the life stage of marriage.