The nonprofit organization hosts workshops to increase financial literacy among the general public and dispenses sound financial advice for achieving common financial goals, such as paying off large debts and mortgages.
Mortgages are often a household’s largest debt and can take decades to pay off. However, if there are no other large outstanding debts, it may be prudent for homeowners to focus on paying off their mortgage early. There are several strategies that homeowners can use to pay off their home more quickly.
Many tactics can be applied without changing the terms of the loan. For example, homeowners can commit to diverting all future income increases and tax refunds to making additional mortgage payments. Mortgage holders can also add a bit extra to their normal monthly payments toward the principal or make payments more frequently.
Homeowners interested in refinancing can convert from a 30-year to a 20 or 15-year loan period, which typically results in higher payments with a lower interest rate. Another strategy is to switch from monthly to bi-monthly payments, which can result in significant interest savings over the life of the loan.
A financial professional with more than three decades of experience, Robert Ryerson works closely with clients in the Freehold, New Jersey, area to meet their financial planning needs. As a Certified Financial Planner (CFP) at New Century Planning, he focuses on retirement income planning, as well as estate administration, regularly assisting his clients with legacy and estate planning. He also advises them on health and disability insurance, including Medicare, Medicaid, and Medicare Supplement Plans. Mr. Ryerson’s many years helping his clients navigate the complexities of retirement planning gave him a deeper understanding of the healthcare costs that retirees face. In 2013, he drew upon this knowledge to co-author the book What You Don’t Know About Retirement Will Hurt You.
Outside of his work at New Century Planning, Robert M. Ryerson is a regular fixture at workshops and seminars on retirement. He has delivered several keynote speeches on the often-confusing topic of required minimum distributions. Mr. Ryerson continues to share his financial expertise as a facilitator of online courses for Certified Public Accountants through The Society for Financial Awareness.
In the early 2010s, Mr. Ryerson became concerned about the threat of identity theft after noting the many cybersecurity breaches suffered by major companies. He became a Certified Identity Theft Risk Management Specialist (CITRMS) in 2014. He has since taught identity theft recovery courses at local community colleges. Mr. Ryerson also wrote a book on the topic entitled What’s the Deal with Identity Theft: A Plain English Look at Our Fastest Growing Crime.
A graduate of Rutgers University with a degree in economics, Mr. Ryerson began his career in the financial services industry as a stockbroker. He obtained his CFP designation in 1991 and began working as an independent financial planner a few years later. In addition, he is a notary public.
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Robert Ryerson 