Retirement planning was as difficult as ever in 2022. The S&P 500 was down more than 23 percent by October, since the start of the year and inflation was at 8.3 percent in August. For comparison, the annual inflation rate before the pandemic was 1.4 percent. It has become harder to make do in the […]
New Century Planning Associates, Inc. is proud to announce that its president, Robert M. Ryerson, has received the prestigious Retirement Income Certified Professional designation. This designation was developed by more than 45 of the nation’s top retirement planning experts and equips the RICPR designee with the knowledge and tools to build comprehensive and lifelong income plans. […]
Good financial stewardship involves paying off debt and saving for the future, the latter of which is especially important considering the average retirement age in the United States is 65 and 63 for men and women, respectively. Considering life expectancy is rising, this leaves many Americans with several decades of no income outside of Social […]
Many people fail to think about their retirement until their 40s or 50s. However, this is a mistake. Putting off retirement planning can force you to postpone your retirement, sell your home and downsize, or otherwise compromise your plans for your golden years. To make sure you’re fully prepared for your retirement, start planning today […]
Do you find yourself thinking about retirement with just as much fear as excitement? If so, it’s not at all surprising; workplaces seem to be full of stories about people who stop working too soon and find themselves in dire financial straits during their retirement years. In fact, according to the 2020 Transamerica Retirement Survey […]
The amount of money needed for retirement depends on factors including lifestyle, age, and health. Generally, experts suggest that individuals should aim to live off of 80 percent of their final pre-retirement salary. Someone who made $100,000 per year at retirement, then, should have enough saved that they can comfortably spend $80,000 per year when […]
If you’re finding it difficult to make retirement planning a priority, you’re not alone. Meeting your current financial obligations—such as rent or mortgage payments, recurring monthly expenses, and debt or interest repayments—can be challenging enough without having to think about the long-term future as well. Given how great this pressure from immediate financial demands can […]
Today, the field of financial planning is growing in popularity, with more people than ever working to create some type of financial plan for their future. For those who possess little understanding of the financial industry, financial planning can be overwhelming and difficult. In these cases, it might be prudent to seek the services of […]
Retirement savings are important for everyone, no matter what their age. The earlier that you begin putting money away for retirement, the greater the chances are that you’ll be able to live the life you have dreamed of in retirement. For most people, Social Security is not sufficient on its own to cover everyday expenses […]
Though a recent innovation, cryptocurrency has certainly taken the world by storm over the last several years. Originally introduced around 2009 with bitcoin, it did not at first attract international attention, viewed instead as a passing curiosity. But today, that has changed, and cryptocurrencies of all types are fast becoming an important focus of discussions […]