A solid estate plan accounts for the full range of possibilities to create contingencies that will keep property protected in virtually any situation. This includes the possibility of cognitive decline. With people living longer than ever before in history, the growth rates relating to dementia are increasing. Dementia and other forms of cognitive decline are… Continue Reading
Saving for retirement involves a lot of planning and hard work. Often, people strive to pay off all of their debt before they retire, so the thought of taking on new debt in retirement can be difficult for many people to consider. At the same time, taking on new debt after retirement can prove a… Continue Reading
In a groundbreaking discussion, New Century Planning Associates’ Robert Ryerson and Louis Terrero demystify the concept of Non-Fungible Tokens (NFTs) in their video, “A Plain English Introduction to NFTs.” This comprehensive overview provides invaluable insights into the nature, value, and practical applications of NFTs, catering to both enthusiasts and novices in the digital asset sphere. … Continue Reading
In a recent in-depth discussion between Robert Ryerson of New Century Planning Associates, and Charles Rosenberg, a Certified Retirement Administrator, major updates and changes in the realm of retirement planning were explored. Their conversation shed light on the implications of the SECURE Act 1.0 and 2.0 for individuals and businesses. These legislative changes mark a… Continue Reading
Identity theft, a multifaceted problem often misconstrued as solely a credit-related issue, is a significant concern in the digital age. Robert Ryerson and Lou Terrero, Certified Identity Theft Risk Management Specialists (CITRMS) from New Century Planning Associates, offer valuable insights into the complexity of identity theft and the crucial strategies for responding to it. The… Continue Reading
As more members of the Baby Boomer generation begin to engage with estate planners, the discrepancy between expectations of Boomers and their children surrounding passing assets is becoming increasingly evident. The Boomer generation currently holds an astounding amount of wealth. Not just their children, but also estate planners and economists are paying close attention to… Continue Reading
Recently, Fidelity Investments released its analysis of savings accounts in the third quarter of 2023. This data covered more than 45 million retirement accounts, including 403(b) and 401(k) accounts, as well as individual retirement accounts (IRAs). The study came to some surprising and frankly concerning conclusions about Americans’ saving habits. An increasing number of Americans… Continue Reading
From healthcare proxies and advance directives to living trusts, estate planning is all about ensuring that your wishes are honored when you are no longer able to express them. To this end, appointing a trustee, and/or a successor trustee, is incredibly important, as this is the person who ensures that your directions are followed. If… Continue Reading
While Congress has enacted several changes to 401(k)s and other methods of saving for retirement, it has yet to address the problems with Social Security. Various Congress people have been aware of the brewing problems with Social Security for decades, and talking about the need to do something for decades, but it has become a… Continue Reading
Creating an estate plan involves a great deal of work. You need to work methodically through your assets to decide what should happen to each one and have multiple documents written to convey these decisions and ensure that the assets are passed along in an efficient manner. The typical estate plan may involve a will,… Continue Reading