Another significant error is not saving for retirement early enough. Due to the power of compounding, starting late can cost you massively in the long run. A CFP can help you understand the importance of early retirement savings, guide you on the best retirement plans, and ensure you are making consistent contributions.

Ignoring the need for an emergency fund is another financial faux pas. Life can be unpredictable, and without an emergency fund, unexpected expenses can lead to debt or financial instability. A CFP can assist in establishing an emergency fund, suggest how much you should save, and help identify the best high-yield savings or money market accounts for this purpose.

Lastly, lack of diversification in investments is a common mistake. Putting all your eggs in one basket can lead to significant losses if that investment performs poorly. A CFP, with their vast knowledge and expertise, can help diversify your investment portfolio, reducing risk and maximizing potential returns.

In conclusion, financial planning can be complex and overwhelming. However, partnering with a Certified Financial Planner can guide you through these potential pitfalls, making sure you’re on the right path towards your financial goals. From budgeting to retirement planning, emergency funds, and investment diversification, a CFP can provide invaluable advice and support to help you achieve financial success. Don’t let these common mistakes hinder your financial journey – seek the assistance of a Matt Ward, CFP and New Century Investments today.

About Matt

Matt Ward is a financial advisor and the president of New Century Investments, an independent investment advisory firm serving business owners, pre-retirees, and retirees in the Dallas-Fort Worth area and beyond. Matt is passionate about integrating investing, planning, and tax management into a holistic approach. Matt’s breadth of knowledge and experience in both taxes and investment management sets him apart, giving him the ability to design, advise on, and manage business strategies, tax efficiency, and retirement planning. He is known for his care and attention to detail and works hard to develop personal relationships with each of his clients so they can benefit from his customized service and guidance. He loves walking with his clients through their financial journey, supporting them and celebrating with them as they reach their goals. 

Matt’s Corner

The post The Biggest Financial Mistakes and How a CFP Can Help appeared first on New Century Investments.

For starters, successful investing requires a substantial commitment of time. Researching companies, staying current with market trends, and regularly reviewing your portfolio can be extremely time-consuming. Not everyone may have the time or interest to do this due diligence.

Moreover, investing is a complex field with a steep learning curve. It requires understanding of various financial models, economic indicators, and sometimes even geopolitical factors. Without adequate knowledge, DIY investors can make costly mistakes.

Risk management is another key aspect of investing. Professional investors have access to sophisticated tools and strategies to manage risk, which most individual investors do not.

A CFP is a qualified professional who has completed extensive training and certification in financial planning. They have the expertise to provide personalized investment advice based on an individual’s financial goals, risk tolerance, and overall financial situation. Additionally, a CFP can help individuals create a comprehensive financial plan that goes beyond just investing and includes other important aspects like retirement planning, tax strategies, and estate planning.

By working with a CFP, individuals can benefit from their knowledge and experience, while also saving time and reducing the risk of costly mistakes. Moreover, a CFP can provide valuable guidance in times of uncertainty or market volatility, helping investors stay focused on their long-term financial goals rather than reacting to short-term market movements.

In summary, DIY investing may not be for everyone, and it’s important to recognize one’s own limitations and seek professional guidance when needed. A CFP can provide valuable support in creating a well-rounded financial plan that addresses all aspects of an individual’s financial life, ultimately leading to a more secure and stable financial future. So, whether you have a passion for investing or simply want to secure your financial future, working with a CFP can be a wise decision. So, if you are unsure about DIY investing or feel overwhelmed by the complexities of the financial world, don’t hesitate to seek out the help of a CFP and take control of your financial future today

About Matt

Matt Ward is a financial advisor and the president of New Century Investments, an independent investment advisory firm serving business owners, pre-retirees, and retirees in the Dallas-Fort Worth area and beyond. Matt is passionate about integrating investing, planning, and tax management into a holistic approach. Matt’s breadth of knowledge and experience in both taxes and investment management sets him apart, giving him the ability to design, advise on, and manage business strategies, tax efficiency, and retirement planning. He is known for his care and attention to detail and works hard to develop personal relationships with each of his clients so they can benefit from his customized service and guidance. He loves walking with his clients through their financial journey, supporting them and celebrating with them as they reach their goals. 

Matt’s Corner

The post Why Do-It-Yourself Investing May Not be for Everyone appeared first on New Century Investments.

A diversified portfolio can better weather market volatility, shield you from unexpected economic downturns, and increase the potential for long-term growth. It helps ensure that losses from one investment can potentially be offset by gains in another.

While diversification is important, effective implementation can be complex. That’s where a Certified Financial Planner (CFP) comes in. A CFP is a professional who’s trained to guide you in managing your financial resources. They can provide expert advice on how to diversify your portfolio to match your risk tolerance, investment goals, and time horizon.

Moreover, a CFP can help ensure that your portfolio remains diversified over time. They can evaluate market changes and adjust your investments accordingly, while also considering your evolving financial goals and circumstances. Some additional benefits of working with a CFP include access to their extensive knowledge and experience in financial planning. They can provide valuable insights on the current market trends, potential risks, and opportunities that you may not be aware of.

A CFP can also help you make more informed decisions by providing comprehensive analyses and projections of your investments. This can help you assess the potential returns and risks associated with each investment, allowing you to make strategic choices that align with your financial goals.

Furthermore, a CFP can assist in creating a well-rounded financial plan beyond just investing. They can provide guidance on budgeting, tax planning, retirement planning, and more. This holistic approach can help you achieve financial stability and meet your long-term objectives.

Remember, diversification is not just about investing in different assets – it’s also about investing in different industries, regions, and even currencies. This can provide an additional layer of protection against market fluctuations.

Additionally, a CFP can help you rebalance your portfolio periodically to ensure it remains diversified. As certain investments may perform better than others, a CFP can help you stay on track with your diversification goals.

It’s also worth noting that a CFP is held to high ethical and professional standards. They are required to act in their clients’ best interests, provide transparent and unbiased advice, and continually educate themselves on the latest developments in the financial world.

In summary, diversification is crucial for mitigating risk and achieving long-term financial success. And working with a CFP can help you effectively implement and maintain a diversified portfolio, as well as provide valuable guidance on other aspects of your financial life. So, don’t underestimate the importance of diversification and the role of a CFP in achieving your financial goals. So why wait? Start diversifying your investments today with the help of a New Century Investments!

About Matt

Matt Ward is a financial advisor and the president of New Century Investments, an independent investment advisory firm serving business owners, pre-retirees, and retirees in the Dallas-Fort Worth area and beyond. Matt is passionate about integrating investing, planning, and tax management into a holistic approach. Matt’s breadth of knowledge and experience in both taxes and investment management sets him apart, giving him the ability to design, advise on, and manage business strategies, tax efficiency, and retirement planning. He is known for his care and attention to detail and works hard to develop personal relationships with each of his clients so they can benefit from his customized service and guidance. He loves walking with his clients through their financial journey, supporting them and celebrating with them as they reach their goals. 

Matt’s Corner

The post Don’t Put All Your Eggs in One Basket appeared first on New Century Investments.

Long-term investing involves holding onto your investments for a substantial period, typically years or even decades. This strategy is based on the assumption that financial markets have an inherent upward trend over the long haul, despite short-term fluctuations. One of the key advantages of long-term investing is the potential for compounding. In this way, you’re not just earning returns on your initial investment, but also on the returns that investment has already generated.

Despite the potential benefits, navigating the financial markets can be complex, and that’s where a Certified Financial Planner (CFP) comes in. A CFP is a professional who is trained to help you make smart financial decisions. They can guide you through the process of choosing the right investment strategy based on your goals, risk tolerance, and time horizon.

A CFP can also help you keep your emotions in check. It’s not uncommon for investors to react impulsively to market changes, and this can lead to poor financial decisions. By providing expert advice and objective feedback, a CFP can help you stay focused on your long-term objectives, making it easier for you to stick to your investment plan.

Investing is not just about the numbers, it’s also about having a solid financial plan in place. By working with a CFP, you can create a comprehensive plan that takes into account your current financial situation and future goals. This includes factors such as retirement planning, risk management, tax planning, and estate planning. A CFP can help you understand the bigger picture and make sure your investments are aligned with your overall financial plan.

Furthermore, a CFP can also provide valuable insights and recommendations on various investment options available in the market. They have access to a wide range of investment products and can help you diversify your portfolio to minimize risk and maximize returns. With their expertise, you can make informed decisions about where to invest your money based on your unique financial situation.

Long-term investing can also offer tax benefits. Depending on the type of investment, you may be eligible for certain tax breaks that can help increase your overall returns. A CFP can help you understand and take advantage of these opportunities to optimize your investments.

In summary, long-term investing is a powerful tool for building wealth and securing your financial future. And with the guidance and expertise of a Certified Financial Planner, you can navigate the complex world of investments with confidence and make informed decisions that align with your objectives. So, don’t delay any further and start planning for your future today! Your financial stability and peace of mind are well worth the investment. Trust in the expertise of a CFP and watch as your investments grow over time. It’s never too late to start investing, but the earlier you start, the more advantageous it will be for your financial future. So, take action now and set yourself up for success with long-term investing and the help of a CFP. Your future self will thank you! Contact a New Century Investments today and begin your journey towards financial freedom.

About Matt

Matt Ward is a financial advisor and the president of New Century Investments, an independent investment advisory firm serving business owners, pre-retirees, and retirees in the Dallas-Fort Worth area and beyond. Matt is passionate about integrating investing, planning, and tax management into a holistic approach. Matt’s breadth of knowledge and experience in both taxes and investment management sets him apart, giving him the ability to design, advise on, and manage business strategies, tax efficiency, and retirement planning. He is known for his care and attention to detail and works hard to develop personal relationships with each of his clients so they can benefit from his customized service and guidance. He loves walking with his clients through their financial journey, supporting them and celebrating with them as they reach their goals. 

Matt’s Corner

The post The Power of Long-Term Investing appeared first on New Century Investments.

Welcoming a New Child

The birth or adoption of a child is a joyous event that also brings new financial responsibilities. A CFP can help you understand the costs associated with raising a child, such as healthcare, education, and daily living expenses. They can recommend strategies to save for college, suggest suitable insurance products, and guide you in updating your will or estate plan to include your new family member.

Dealing with the Loss of a Spouse

The death of a spouse is an emotionally challenging time, but unfortunately, it’s also a time when important financial decisions need to be made. A CFP can provide the necessary guidance to navigate these decisions, helping you understand the impacts on your income, retirement plans, taxes, and estate. They can also assist with tasks such as claiming life insurance benefits and transferring assets.

Managing a Divorce

Divorce can significantly alter your financial landscape. A CFP can guide you through the financial aspects of a divorce settlement, ensuring you understand the implications on your income, assets, debts, and retirement funds. They can also provide advice on adjusting your budget and financial plans to accommodate your changed circumstances.

The guidance of a CFP during these significant life events can provide not only financial clarity but also peace of mind. By helping you navigate the financial complexities of these situations, a CFP allows you to focus on the emotional aspects of these transitional periods in life. Additionally, a CFP can provide ongoing support and assistance as your financial needs evolve through various stages of life.

As we face these significant life events, having a trusted partner like a CFP can make all the difference in how we emerge financially on the other side. Don’t hesitate to seek out their guidance and expertise during these times – it’s an investment in securing your financial future. So, let a CFP be your guide as you navigate these significant life events with confidence and peace of mind.

With their knowledge and expertise, coupled with your unique goals and values, together you can create a solid financial plan that will help you weather any storm and achieve your dreams for the future. Remember, life may throw us curveballs, but with a CFP by your side, you can stay on track and continue moving forward towards a bright financial future. So why wait? Start collaborating with a CFP today and embark on the journey to achieving your financial goals and dreams!

About Matt

Matt Ward is a financial advisor and the president of New Century Investments, an independent investment advisory firm serving business owners, pre-retirees, and retirees in the Dallas-Fort Worth area and beyond. Matt is passionate about integrating investing, planning, and tax management into a holistic approach. Matt’s breadth of knowledge and experience in both taxes and investment management sets him apart, giving him the ability to design, advise on, and manage business strategies, tax efficiency, and retirement planning. He is known for his care and attention to detail and works hard to develop personal relationships with each of his clients so they can benefit from his customized service and guidance. He loves walking with his clients through their financial journey, supporting them and celebrating with them as they reach their goals. 

Matt’s Corner

The post Navigating Major Life Events with a Certified Financial Planner appeared first on New Century Investments.

1. Leave It With Your Former Employer: You can choose to leave your retirement account with your old employer. This option works if you’re satisfied with the investment options provided and there are no excessive fees. However, it can become challenging to keep track of multiple accounts with different employers.
2. Roll it Over Into a New Employer’s Plan: If your new employer offers a retirement plan and accepts rollovers, you can choose to roll your old account into the new one. This could simplify your finances by consolidating your savings.
3. Roll it Over into an Individual Retirement Account (IRA): This is a common choice and for good reason. IRAs often offer a greater variety of investment options compared to employer-sponsored plans. Moreover, IRAs can be set up with any financial institution, giving you complete control over your retirement savings.
4. Cash it Out: This should generally be your last resort. Withdrawing your retirement savings early can lead to penalties and a hefty tax bill. Also, you will miss out on the compound interest that could have grown your savings significantly over time.

Remember, it’s crucial to consult with a financial advisor before making any decisions. This ensures that you’re making the best choice for your specific financial situation and retirement goals. Additionally, it’s important to keep track of your retirement accounts and regularly review your investments to ensure they align with your risk tolerance and goals.

If you do decide to roll over or consolidate your old retirement accounts, be sure to carefully review the fees and investment options of the new plan or IRA. You don’t want to end up in a worse financial situation due to high fees or poor investment choices.

In summary, it’s essential to consider all your options when dealing with old retirement accounts. Leaving them behind may seem like the easiest option, but it could result in a scattered and less optimized retirement plan. Taking the time to evaluate and make an informed decision can greatly benefit your future financial stability and peace of mind. Don’t let your old retirement accounts become a forgotten part of your financial portfolio. Take control and make the most out of your retirement savings for a secure future. So, whether you choose to leave it with your former employer, roll it over into a new plan or IRA, or cash it out as a last resort, be sure to carefully weigh your options and seek professional advice when needed. Your retirement is a crucial time in your life, and it’s essential to make the best choices for a comfortable and secure future. So, keep these tips in mind when dealing with your old retirement accounts and take charge of your financial future. Happy retirement planning!

About Matt

Matt Ward is a financial advisor and the president of New Century Investments, an independent investment advisory firm serving business owners, pre-retirees, and retirees in the Dallas-Fort Worth area and beyond. Matt is passionate about integrating investing, planning, and tax management into a holistic approach. Matt’s breadth of knowledge and experience in both taxes and investment management sets him apart, giving him the ability to design, advise on, and manage business strategies, tax efficiency, and retirement planning. He is known for his care and attention to detail and works hard to develop personal relationships with each of his clients so they can benefit from his customized service and guidance. He loves walking with his clients through their financial journey, supporting them and celebrating with them as they reach their goals. 

Matt’s Corner

The post What to do with your Old Retirement Accounts appeared first on New Century Investments.

Financial advisors bring clarity to the often confusing world of personal finance. They help you understand how different financial decisions can impact your life and guide you towards the options that best suit your needs. They are well-versed in diverse investment strategies and can tailor a financial plan to your unique circumstances, potentially saving you from costly mistakes.

Additionally, a financial advisor can provide a clear path towards your long-term goals, whether that’s buying a home, saving for your child’s education, or preparing for retirement. They can assess your financial health, consider your income, expenses, and saving patterns, and suggest adjustments to help you meet your objectives.

Thus, working with a financial advisor is not just about having an expert to manage your finances – it’s about gaining a partner who can guide you on your path to financial security and prosperity. Their expertise can also help you navigate through life’s unexpected twists and turns, such as a sudden job loss or a global economic downturn.

Moreover, financial advisors offer objective advice based on your specific needs and goals. They have no vested interest in promoting any particular financial product or service, which ensures that their recommendations are solely focused on your best interests. This level of objectivity is especially crucial in today’s world of constant financial noise and market volatility.

Some additional benefits of working with a financial advisor include access to specialized knowledge and resources that can help you make informed decisions about your money. They stay up-to-date on the latest trends and can provide valuable insights and strategies to help you reach your financial goals.

A financial advisor can also be a valuable resource when it comes to managing complex financial situations, such as tax planning, estate planning, or risk management. They can work alongside your accountant or lawyer to ensure that all aspects of your finances are properly integrated and well-coordinated.

Overall, working with a financial advisor is an investment in yourself and your future. It not only helps you navigate the complexities of personal finance but also provides peace of mind knowing that you have a professional on your side. So if you want to make the most of your finances and achieve financial success, consider working with a financial advisor today.

So whether you are just starting to build wealth or looking for ways to maximize your existing assets, partnering with a financial advisor can provide invaluable benefits that will have a lasting impact on your financial well-being. Remember, a financial advisor is not just for the wealthy – they can provide valuable guidance and support for individuals at all income levels. Don’t let the complexities of personal finance hold you back from achieving your goals – start working with a financial advisor today and take control of your financial future.

About Matt

Matt Ward is a financial advisor and the president of New Century Investments, an independent investment advisory firm serving business owners, pre-retirees, and retirees in the Dallas-Fort Worth area and beyond. Matt is passionate about integrating investing, planning, and tax management into a holistic approach. Matt’s breadth of knowledge and experience in both taxes and investment management sets him apart, giving him the ability to design, advise on, and manage business strategies, tax efficiency, and retirement planning. He is known for his care and attention to detail and works hard to develop personal relationships with each of his clients so they can benefit from his customized service and guidance. He loves walking with his clients through their financial journey, supporting them and celebrating with them as they reach their goals. 

Matt’s Corner

The post Why Work with a Financial Advisor? appeared first on New Century Investments.

By Matt Ward, CFP^®, CRPC^®

Getting Started

I initially started off in the insurance world. I was good at my job and quickly rose to the ranks of the corporate ladder, but after a few years, I wasn’t overly happy with my career. It was a fast-paced environment focused more on selling products than getting to know the end clients. I began looking for a little inspiration. I liked the idea of going into business for myself and setting my own schedule, but I didn’t yet know what I would do. I knew I wanted to do something that would allow me to work more closely with individuals.

My Career Today

The Best Part

Take the Next Step

About Matt

Matt Ward is a financial advisor and the president of New Century Investments, an independent investment advisory firm serving business owners, pre-retirees, and retirees in the Dallas-Fort Worth area and beyond. Matt is passionate about integrating investing, planning, and tax management into a holistic approach. Matt’s breadth of knowledge and experience in both taxes and investment management sets him apart, giving him the ability to design, advise on, and manage business strategies, tax efficiency, and retirement planning. He is known for his care and attention to detail and works hard to develop personal relationships with each of his clients so they can benefit from his customized service and guidance. He loves walking with his clients through their financial journey, supporting them and celebrating with them as they reach their goals. 

Matt’s Corner

The post Why I Became a Financial Planner appeared first on New Century Investments.

I met with Matt Ward and he helped me to plan ahead for retirement and college plan for our family. He is so beyond helpful and you can definitely tell he takes pride in what he does. He is very knowledgeable, friendly and makes you feel comfortable asking any question! I am so thankful for him and will recommend him to everyone I know!

– 5 Stars

Matt, is my go to when it comes to financial advising, investing, wealth growth and management. I went knowing nothing and left with so much knowledge. He is so polite, helpful, and friendly. He really makes the experience pleasant and I feel so at ease with his help and I trust his advice and guidance. Will recommend to everyone I know! Thank you Matt!

– 5 Stars

First, let me say that Matt Ward was exceptional in helping me understand my tax situation and gain a better thorough understanding and in depth knowledge of how taxes work. He was polite, courteous, and extremely attentive to my situation and listened to my needs as far as what my desires were in regards to my taxes/financial situation. If you have any questions concerning taxes whether it’s regarding you looking to purchase a new home and wondering if it would be a great move financially or you just need some extra cash and need to figure out how much money you will owe the IRS at the end of the year then you should definitely give them a call. I will personally recommend you give them a call and ask for Matt Ward or any of his colleagues.

—5 Stars

Positive: Professionalism, Quality, Responsiveness, Value

I have had my taxes worked at New Century Investments for a number of years now with excellent guidance and outcome. This year I asked for financial guidance. Matt was so helpful and responsive to all my questions. He worked with me to set up a personal financial portfolio. Its performing as expected based on detailed discussions we had to meet my personal goals. So impressed with his expertise and professionalism. Matt is patient and provides sound financial advice with my interest in mind. Highly recommend New Century Investments!

– 5 Stars

I met with Matt Ward after retiring and Matt helped me determine the best way to go my TSP plan and retirement distribution planning. Matt was and helpful, knowledgeable, and I would recommend anyone looking for advice to reach out to him and New Century Investments.

– 5 Stars

Very helpful and honest. They helped me roll over my 401k into an IRA and set up a retirement savings strategy. They were very transparent and provided realistic expectations for investment strategy and returns. I would recommend them.

– 5 Stars

Positive: Professionalism, Quality, Responsiveness, Value

We have been with Matt since March of 2019. Since then, he has put us on the right track to reach our retirement goals. He has explained every step in the process. Even through these trying times he was there to ease our concerns and to help us remain calm. He truly cares for his clients.

About Matt

Matt Ward is a financial advisor and the president of New Century Investments, an independent investment advisory firm serving business owners, pre-retirees, and retirees in the Dallas-Fort Worth area and beyond. Matt is passionate about integrating investing, planning, and tax management into a holistic approach. Matt’s breadth of knowledge and experience in both taxes and investment management sets him apart, giving him the ability to design, advise on, and manage business strategies, tax efficiency, and retirement planning. He is known for his care and attention to detail and works hard to develop personal relationships with each of his clients so they can benefit from his customized service and guidance. He loves walking with his clients through their financial journey, supporting them and celebrating with them as they reach their goals. 

Matt’s Corner

The post Here is what some of our Clients are saying about Us appeared first on New Century Investments.