New Century Planning Associates Inc.

How to Create Lifelong Tax-Free Income Streams with Best-Selling Author David McKnight 💰Taxes are always an important part of our financial lives, but can often be underestimated in retirement planning. Watch this new short video below as our series continues once again on improving your future tax outlook. #Finance #Inflation #LowTaxBracket #Retirement #RetirementPlanning #RothConversions #TaxFreeIncome @David McKnight

Last week, the Federal Reserve started its rate cut campaign with a bang. Swipe for an overview of the first rate cut, market reaction, and more. And as always, reach out with any questions or needs. We are here to help.

It may be hard to believe, but as of September 23, we have less than 100 days left of the year! For the employers we serve, this end-of-year period can be incredibly busy, as leaders wrap up the current year and plan for the following one. It’s important that key employee communications don’t get lost in the shuffle, however. To help out, we’re sharing six key retirement planning considerations for employees. Feel free to share this information with your employees, and do not hesitate to reach out with any 401(k) questions or needs. We are here to help.

This Labor Day, we're pausing to say a huge thank you to our incredible clients. Your support and partnership make our work truly rewarding 🙏 In celebration of the holiday, our office will be closed on Monday, September 2, but we'll be back on Tuesday, September 3, ready to assist you. Wishing you all a Labor Day filled with fun, joy, and relaxation.

With more Americans living longer, demand for health care services and long-term care providers has increased — and so have associated costs. Higher costs are expected to continue, and planning for these expenses is essential. That’s why our team can help you plan early for long-term care and additional medical costs not covered by Medicare. Exploring options such as long-term care insurance and health savings accounts (HSAs) can be crucial in ensuring that you and your loved ones receive the care you need without undermining your retirement savings. Feel free to contact our team anytime to discuss how to protect your financial future throughout retirement.

Did you know that inflation can quietly erode the purchasing power of your retirement savings? In such times, it can be helpful for some to integrate investments such as real estate, stocks, or Treasury Inflation-Protected Securities (TIPS), which can keep pace with or outstrip inflation rates. Wondering what would be best for your specific situation? Please feel free to contact our team anytime to discuss how we can protect your savings against inflation and help maintain your lifestyle well into retirement.

As many know, market fluctuations can unexpectedly affect your retirement savings. One way to combat this risk is by transitioning to a more conservative investing approach as a person nears retirement. However, as inflationary pressures have reinforced over the last few years, it’s essential to balance a less risky approach with the need for long-term growth to keep up purchasing power. It can be a tricky balance to strike but one that our team is adept at navigating. With that in mind, do not hesitate to reach out to our team for guidance on managing market risks and securing your financial future as retirement approaches. We are here to help.

We’re always keeping tabs on the most recent life insurance statistics, and we’ve recently come upon a few telling data points. With that in mind, we’re sharing a few such eye-opening statistics that highlight the importance of life insurance ↩️ Ultimately, life insurance is more than just planning for the unexpected — it's about providing peace of mind and ensuring financial security for you and your loved ones. Reach out to our team today to explore your options. We’re eager to help ensure that your life insurance coverage meets your current and future needs.

As life expectancies increase, the excitement of living longer also brings new considerations in financial planning. That is why it is important to prepare for a retirement that might last longer than you expect. There are a variety of strategies that can be employed to ensure income well into a retiree’s golden years, including: 🗓️ Annuities can be an ideal option for some Americans, as they offer regular lifetime income. 📈 In some cases, a person approaching retirement age delay may want to delay taking Social Security, as waiting increases monthly payouts by 8% annually up until age 70. 📈 Additionally, your Social Security allotment is based on your 35 highest-earning years, adjusted for inflation. After 35 years of employment, every additional higher-earning year can cancel out a lower-earning year. Have questions about your retirement plan? Feel free to reach out to us anytime to discuss how we can help you manage your finances for a longer, more fulfilling retirement.

Are you a parent of one of the over 18 million students gearing up to start or continue their undergraduate journey this fall? As we dive into this exciting season, it's crucial to think about a topic that often bubbles up this time of year: financial planning for college students. With the cost of tuition more than doubling since the 1960s, strategizing is more important than ever to navigate through the college years smoothly. Swipe through ➡️ for some practical tips and insights. Please feel free to share this post with anyone in your network who might find these insights valuable. We're here to provide personalized guidance and support to make sense of this pivotal time in your student’s life.