Shows
Financial Matters with Richard OringInsights from an Industry Expert Kevin Caron.Have you ever wondered how Federal Reserve's interest rate changes can affect the market? Well, Kevin Caron, a seasoned Portfolio Manager from Washington Crossing Advisors, drops by to decode the world of finance. With his in-depth knowledge and expertise, we explore current cash, bond, and stock environments, and discuss the impact that interest changes have on the market. Moreover, Kevin also unravels the potential benefits that can be reaped by savers due to these increases.As we delve deeper into the complexities of the financial world, we discuss the challenges that young investors might encounter in today's...2023-11-1448 minFinancial Matters with Richard OringInsights from an Industry Expert Kevin Caron.Have you ever wondered how Federal Reserve's interest rate changes can affect the market? Well, Kevin Caron, a seasoned Portfolio Manager from Washington Crossing Advisors, drops by to decode the world of finance. With his in-depth knowledge and expertise, we explore current cash, bond, and stock environments, and discuss the impact that interest changes have on the market. Moreover, Kevin also unravels the potential benefits that can be reaped by savers due to these increases.As we delve deeper into the complexities of the financial world, we discuss the challenges that young investors might encounter in today's...2023-11-1448 minFinancial Matters with Richard OringHidden Perks of 529 Plans under the New Secure Act 2.0Want to uncover the hidden potential of 529 plans and the new twists introduced by the Secure Act 2.0? Wondering how this could be the game changer in your child's college fund or even your first-time home purchase? Then this episode is a goldmine waiting to be discovered. We unpack the quirks and benefits of 529 plans, investment plans that not only allow you to save for a beneficiary but also let you withdraw tax-free. We also delve into the changes brought by Secure Act 2.0, particularly how it now allows grandparents to contribute more towards their grandchild's college fund and the opportunities...2023-10-3120 minFinancial Matters with Richard OringHidden Perks of 529 Plans under the New Secure Act 2.0Want to uncover the hidden potential of 529 plans and the new twists introduced by the Secure Act 2.0? Wondering how this could be the game changer in your child's college fund or even your first-time home purchase? Then this episode is a goldmine waiting to be discovered. We unpack the quirks and benefits of 529 plans, investment plans that not only allow you to save for a beneficiary but also let you withdraw tax-free. We also delve into the changes brought by Secure Act 2.0, particularly how it now allows grandparents to contribute more towards their grandchild's college fund and the opportunities...2023-10-3120 minFinancial Matters with Richard OringThe Role of Trusted Contacts in Money ManagementHave you ever considered how to ensure your financial accounts' safety? Let's discuss the importance of trusted contacts in maintaining financial security. The Finra Rule 2165 is specifically designed to protect individuals over 65 years old or with a mental disability. We will also cover common scams targeting seniors and why keeping your trusted contacts up-to-date is crucial. We will also share real-life examples that illustrate how trusted contacts can safeguard clients.FINRA Video for Trusted ContactNCFG - Blog Post on Trusted Contact2023-09-2624 minFinancial Matters with Richard OringThe Role of Trusted Contacts in Money ManagementHave you ever considered how to ensure your financial accounts' safety? Let's discuss the importance of trusted contacts in maintaining financial security. The Finra Rule 2165 is specifically designed to protect individuals over 65 years old or with a mental disability. We will also cover common scams targeting seniors and why keeping your trusted contacts up-to-date is crucial. We will also share real-life examples that illustrate how trusted contacts can safeguard clients.FINRA Video for Trusted ContactNCFG - Blog Post on Trusted Contact2023-09-2624 minFinancial Matters with Richard OringWhat Is a Fiduciary?What is a fiduciary? This is a question that Richard Oring is frequently asked by his clients at New Century Financial Group. When looking for an advisor, it's an important question to ask.A fiduciary is an individual or organization legally required to manage a person's assets for that person's benefit, not their own. Being a fiduciary means a financial advisor is held to a higher standard when making decisions for his or her clients.Fiduciaries must follow "duty of care" and "duty of loyalty" - Rich explains what these terms mean and entail.2023-01-0422 minFinancial Matters with Richard OringWhat Is a Fiduciary?What is a fiduciary? This is a question that Richard Oring is frequently asked by his clients at New Century Financial Group. When looking for an advisor, it's an important question to ask.A fiduciary is an individual or organization legally required to manage a person's assets for that person's benefit, not their own. Being a fiduciary means a financial advisor is held to a higher standard when making decisions for his or her clients.Fiduciaries must follow "duty of care" and "duty of loyalty" - Rich explains what these terms mean and entail.2023-01-0422 minFinancial Matters with Richard OringI Bonds ExplainedWith the market volatility we've experienced in 2022, many folks are looking at different types of investment vehicles. One that Richard Oring's clients have been asking about lately is the I Bond. Today, Rich explains what they are and more.I bonds are securities issued by the US Treasury, that are 20 year notes and continue paying interest for an additional 10 years, for 30 total. They can be purchased electronically or by paper. Rich explains the differences, and the limits on what you can buy.The interest rate on I bonds is comprised of a Fixed Rate plus an...2022-11-2816 minFinancial Matters with Richard OringI Bonds ExplainedWith the market volatility we've experienced in 2022, many folks are looking at different types of investment vehicles. One that Richard Oring's clients have been asking about lately is the I Bond. Today, Rich explains what they are and more.I bonds are securities issued by the US Treasury, that are 20 year notes and continue paying interest for an additional 10 years, for 30 total. They can be purchased electronically or by paper. Rich explains the differences, and the limits on what you can buy.The interest rate on I bonds is comprised of a Fixed Rate plus an...2022-11-2816 minFinancial Matters with Richard OringYear End - Tax HarvestingThere are many things you should consider when it comes to end-of-year tax planning, but today Rich and Jag are focusing on Tax Loss Harvesting.To understand tax loss harvesting, we will want to define terms. Rich walks us through cost basis, capital gains (long and short term), capital losses (long and short term), carry-over losses, and the Wash Rule.Tax loss harvesting is when you take your investment losses for the year and use them to offset your investment gains, lowering your tax burden. Also, in years where your losses more than offset your ga...2022-10-1721 minFinancial Matters with Richard OringYear End - Tax HarvestingThere are many things you should consider when it comes to end-of-year tax planning, but today Rich and Jag are focusing on Tax Loss Harvesting.To understand tax loss harvesting, we will want to define terms. Rich walks us through cost basis, capital gains (long and short term), capital losses (long and short term), carry-over losses, and the Wash Rule.Tax loss harvesting is when you take your investment losses for the year and use them to offset your investment gains, lowering your tax burden. Also, in years where your losses more than offset your ga...2022-10-1721 minFinancial Matters with Richard OringHow To Measure Portfolio PerformanceHow can I tell how well my portfolio is performing? Through this podcast, it's Richard Oring's goal to educate listeners about managing their money. Today, he and Jag look at different ways to evaluate the performance of your portfolio.First, it's important to understand your strategy and overall objective - is it retirement, savings or something else?Next, we look at total return- and the elements that come together to give you a total return. Then, what time periods do we use to evaluate total return? And what benchmarks can we use in this analysis?2022-08-0921 minFinancial Matters with Richard OringHow To Measure Portfolio PerformanceHow can I tell how well my portfolio is performing? Through this podcast, it's Richard Oring's goal to educate listeners about managing their money. Today, he and Jag look at different ways to evaluate the performance of your portfolio.First, it's important to understand your strategy and overall objective - is it retirement, savings or something else?Next, we look at total return- and the elements that come together to give you a total return. Then, what time periods do we use to evaluate total return? And what benchmarks can we use in this analysis?2022-08-0921 minFinancial Matters with Richard OringDo Young Adults Need a Financial Advisor?Do I need a financial advisor if I'm in my 20's? There's a stereotype that financial advisors are only for older adults - either in or approaching retirement. And that's simply not true. Today, Richard Oring of New Century Financial Group sits down with Jag to talk about why young adults need a financial advisor.Having a financial advisor early in your working years can be like having a coach who gets you into strong practices and habits for your entire career. Through this relationship, you can talk about everything from debt and budgeting to job...2022-08-0826 minFinancial Matters with Richard OringDo Young Adults Need a Financial Advisor?Do I need a financial advisor if I'm in my 20's? There's a stereotype that financial advisors are only for older adults - either in or approaching retirement. And that's simply not true. Today, Richard Oring of New Century Financial Group sits down with Jag to talk about why young adults need a financial advisor.Having a financial advisor early in your working years can be like having a coach who gets you into strong practices and habits for your entire career. Through this relationship, you can talk about everything from debt and budgeting to job...2022-08-0826 minFinancial Matters with Richard OringWhat You Need to Know About BondsInvesting in bonds can be an important part of your overall portfolio. But many investors find them confusing. Today, Richard Oring and Jag break down what you need to know.Stocks are pretty straightforward - if you buy a stock, you own a percentage of a company. Bonds, on the other hand, mean you are buying part of a company's debt. Rich explains.While bonds aren't for everyone, they do have some advantages, including diversification, capital preservation, and income generation.There are many types of bonds, including corporate bonds, municipal bonds, and treasury se...2022-04-2321 minFinancial Matters with Richard OringWhat You Need to Know About BondsInvesting in bonds can be an important part of your overall portfolio. But many investors find them confusing. Today, Richard Oring and Jag break down what you need to know.Stocks are pretty straightforward - if you buy a stock, you own a percentage of a company. Bonds, on the other hand, mean you are buying part of a company's debt. Rich explains.While bonds aren't for everyone, they do have some advantages, including diversification, capital preservation, and income generation.There are many types of bonds, including corporate bonds, municipal bonds, and treasury se...2022-04-2321 minFinancial Matters with Richard OringUsing a Loan for Home RenovationsThere are many loans available for homeowners who want to renovate their homes. Today, Richard Oring of New Century Financial Group is joined by Bobby Dmuchowski, VP of Mortgage Lending at Guaranteed Rate.Bobby explains the advantages of going to a mortgage broker, as opposed to going to your bank. He also talks about the differences between HELOC (Home Equity Line of Credit) and renovation loans.We cover Fannie Mae and HFA loans, fixed vs. variable rates, closing costs, underwriting, and how funds are dispersed.Rich also cautions our listeners to look at IR...2022-03-2728 minFinancial Matters with Richard OringUsing a Loan for Home RenovationsThere are many loans available for homeowners who want to renovate their homes. Today, Richard Oring of New Century Financial Group is joined by Bobby Dmuchowski, VP of Mortgage Lending at Guaranteed Rate.Bobby explains the advantages of going to a mortgage broker, as opposed to going to your bank. He also talks about the differences between HELOC (Home Equity Line of Credit) and renovation loans.We cover Fannie Mae and HFA loans, fixed vs. variable rates, closing costs, underwriting, and how funds are dispersed.Rich also cautions our listeners to look at IR...2022-03-2728 min
Financial Matters with Richard OringImportance of Collaboration between your CPA and Financial AdvisorAs the tax landscape ever changes, it becomes more important for your CPA and Financial Planner to collaborate.In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, and Xavier Angel, CFP® are joined by fellow financial advisor Richard Oring and CPA Douglas Ziegler, to discuss why you want two of your most important advisors to be in communication.Are you minimizing capital gain taxes? How many opportunities are you missing on your tax return? You also may be surprised what these two seasoned financial professionals say they wish they would have known ab...2022-03-0149 minFinancial Matters with Richard OringImportance of Collaboration between your CPA and Financial AdvisorAs the tax landscape ever changes, it becomes more important for your CPA and Financial Planner to collaborate.In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, and Xavier Angel, CFP® are joined by fellow financial advisor Richard Oring and CPA Douglas Ziegler, to discuss why you want two of your most important advisors to be in communication.Are you minimizing capital gain taxes? How many opportunities are you missing on your tax return? You also may be surprised what these two seasoned financial professionals say they wish they would have known ab...2022-03-0149 min
Stuff About Money They Didn't Teach You In SchoolImportance of Collaboration between your CPA and Financial AdvisorAs the tax landscape ever changes, it becomes more important for your CPA and Financial Planner to collaborate.In this episode of the Stuff About Money podcast, Erik Garcia, CFP® and Xavier Angel, CFP® are joined by fellow financial advisor Richard Oring and CPA Douglas Ziegler, to discuss why you want two of your most important advisors to be in communication. Are you minimizing capital gain taxes? How many opportunities are you missing on your tax return? You also may be surprised what these two seasoned financial professionals say the...2022-03-0149 minFinancial Matters with Richard OringAddressing Financial Literacy in the Black CommunityToday, Rich and Jag welcome Xavier Angel, out of New Century Financial Group's New Orleans office. Rich and Xavier thought Black History Month would be a good time to address the issue of financial literacy in the Black community.Xavier cites the percentage of households below the poverty line for White., Black, and LatinX households. The differences are stark. How did we get here? As a Black financial advisor, Xavier can cite examples of systematic inequalities that he's witnessed firsthand. Rich and Xavier get along very well because of similar values - both were raised to g...2022-02-1424 minFinancial Matters with Richard OringAddressing Financial Literacy in the Black CommunityToday, Rich and Jag welcome Xavier Angel, out of New Century Financial Group's New Orleans office. Rich and Xavier thought Black History Month would be a good time to address the issue of financial literacy in the Black community.Xavier cites the percentage of households below the poverty line for White., Black, and LatinX households. The differences are stark. How did we get here? As a Black financial advisor, Xavier can cite examples of systematic inequalities that he's witnessed firsthand. Rich and Xavier get along very well because of similar values - both were raised to g...2022-02-1424 minFinancial Matters with Richard OringFinancial Planning Is For EveryoneJanuary is a time to re-consider your financial goals. Today, Richard Oring of New Century Financial Group explains why financial planning is no longer for only the rich - it's something that is accessible to everyone.You should start a financial plan in order to develop real, tangible goals and work toward them. These can include education planning, retirement planning, big purchases, estate planning, tax planning, investments and more. A financial plan can also lead to better financial communication with your spouse!There are many different models of financial planning, including subscription based, goal based, an...2022-01-2120 minFinancial Matters with Richard OringFinancial Planning Is For EveryoneJanuary is a time to re-consider your financial goals. Today, Richard Oring of New Century Financial Group explains why financial planning is no longer for only the rich - it's something that is accessible to everyone.You should start a financial plan in order to develop real, tangible goals and work toward them. These can include education planning, retirement planning, big purchases, estate planning, tax planning, investments and more. A financial plan can also lead to better financial communication with your spouse!There are many different models of financial planning, including subscription based, goal based, an...2022-01-2120 minFinancial Matters with Richard OringLife Insurance ExplainedLife Insurance is a very important aspect of your financial future. But it can be very confusing. Today, Richard Oring of New Century Financial Group breaks down everything you need to know about Life Insurance. Why do I need life insurance?What can life insurance protect?Can part of my life insurance benefits be donated to charity?What are the tax implications of life insurance?Next, Rich breaks down the pros and cons of different types of life insurance, including:Term Life InsuranceWhole Life InsuranceVariable Universal Life (VUL) InsuranceUniversal Life InsuranceRiders and Loans from Ca...2021-08-1834 minFinancial Matters with Richard OringLife Insurance ExplainedLife Insurance is a very important aspect of your financial future. But it can be very confusing. Today, Richard Oring of New Century Financial Group breaks down everything you need to know about Life Insurance. Why do I need life insurance?What can life insurance protect?Can part of my life insurance benefits be donated to charity?What are the tax implications of life insurance?Next, Rich breaks down the pros and cons of different types of life insurance, including:Term Life InsuranceWhole Life InsuranceVariable Universal Life (VUL) InsuranceUniversal Life InsuranceRiders and Loans from Ca...2021-08-1834 min
The Financial Planner's DeskMarketing with DeluxeYour branding should be unique. A valuable marketing strategy should connect your story to your prospect's story. But crafting a message when you're not sure just who exactly your end client looks like is challenging to say the least. Listen in as Erik and Rich sit down with Jim Kalthoff from Deluxe as they discuss crafting a consistent branding message across various mediums. Jim has been helping advisors create compelling marketing collateral for over 2 decades. By the way, did you know print media is back in vogue? Resources Mentioned: Jim...2021-05-0638 min
The Financial Planner's DeskScaling Your Business With TechnologyTechnology can help us advisors scale our business...but it can also be a time suck if we don't choose the right solution for our practices. The right #techstack should help us improve our processes, increase the efficiency of our back offices, and add value to the client experience. Listen in as Rich and Erik discuss their tech journey, their favorite tech solutions, and how to pick the right solution for a financial advisor practice. Resources Mentioned:Michael Kitecs 2021 Financial AdisorTech Solutions MapLearn more about Rich & Erik...2021-04-2344 minThe Financial Planner's DeskTax Planning with HolistiplanFor many financial advisors, tax planning can be intimidating. But we need to be conversant and competent to discuss taxes as taxes since they are intertwined with pretty much everything we're doing for our clients. Listen in as Rich discusses his tax background and Kevin Lozer, co-founder of Holitiplan, discuss how his software can make you look like a tax rockstar. Learn how to uncover planning opportunities by simply uploading form 1040. It's the easy button for financial planners when it comes to discussing taxes.Holistiplan was created and designed by two CFP®...2021-04-2339 minFinancial Matters with Richard OringWhat a Financial Planner DoesToday, Richard Oring of New Century Financial Group and co-host Jon "JAG" Gay cover the field of financial planning - what financial planners do and who needs one.We all have coaches for different aspects of our lives and financial planning is no different. That's where a planner comes in, and with increased advertising in the field, baby boomers retiring, and the impact of COVID-19, demand for financial planning has never been higher.There are different pricing models that financial planners use, including traditional, AUM (assets under management), or a combination of the two. A n...2021-04-0836 minFinancial Matters with Richard OringWhat a Financial Planner DoesToday, Richard Oring of New Century Financial Group and co-host Jon "JAG" Gay cover the field of financial planning - what financial planners do and who needs one.We all have coaches for different aspects of our lives and financial planning is no different. That's where a planner comes in, and with increased advertising in the field, baby boomers retiring, and the impact of COVID-19, demand for financial planning has never been higher.There are different pricing models that financial planners use, including traditional, AUM (assets under management), or a combination of the two. A n...2021-04-0836 minThe Financial Planner's DeskHow advisors collaborateIn this episode, Rich Introduces Erik Garcia CFP®, BFA™ as the new co-host of The Financial Planner’s Desk Podcast.Erik shares a few of his experiences while attending Tulane University that leads him to pursue the financial advising profession. Erik and Rich share some of their professional background in other areas of the financial services industry.You’ll hear how Erik ended up as an IAR at New Century Financial Group. Erik and Rich share how they are collaborating to build their practices and connect their back-office procedures.Email t...2021-02-2832 minFinancial Matters with Richard OringWhat New Washington Leadership Means For Your MoneyToday Richard Oring of New Century Financial Group and Jag are joined by Bill Cass, Director of Wealth Management Programs at Putnam Wealth Management in Boston. With Democrats now in control of the White House, and both houses of Congress, we've received many questions from clients on what that will mean for taxes going forward. This is one of Bill's many areas of expertise. We look at the the pending COVID relief bill, what can be passed, and what may be done through the process of budget reconciliation - Bill breaks it all down in an easy wa...2021-02-0439 minFinancial Matters with Richard OringWhat New Washington Leadership Means For Your MoneyToday Richard Oring of New Century Financial Group and Jag are joined by Bill Cass, Director of Wealth Management Programs at Putnam Wealth Management in Boston. With Democrats now in control of the White House, and both houses of Congress, we've received many questions from clients on what that will mean for taxes going forward. This is one of Bill's many areas of expertise. We look at the the pending COVID relief bill, what can be passed, and what may be done through the process of budget reconciliation - Bill breaks it all down in an easy wa...2021-02-0439 minThe Financial Planner's DeskPulse360 - Note Taking Made EasyIn this episode, we are speaking about Pulse360 the newest and probably the best note-taking software application for our industry.Learn about Pulse 360 with our guest Anand Sheth, CEO/Founder. He will go into details about what inspired him to leave his current career in the industry to risk it all to start this company.If you looking for an easy and quick way to record all your notes and have them flow into your CRM then this episode is for you.If you are interested in signing up our listeners are...2021-01-1427 minThe Financial Planner's DeskConversation That Sparked The Creation Of This Podcast CreationIn this episode, you will hear the conversation I had years ago that sparked the creation of The Financial Planner's Desk.Our guest is Dirk Alexander, an investment advisor in New Jersey. We start out talking about his start in the industry and how it was like working in a single person office to eventually joining a larger group.I find listening to other advisor's stories about how they started out in our industry and where they are years later in their career really informative. We all have stories we can share, the...2021-01-1432 minThe Financial Planner's DeskFinancial Elder AbuseAs our clients are aging they are more prone to being taken advantage of financially from loved ones, strangers, scams, and even from their diminished mental compacity.In this episode, Richard is going to share some real client stories of elder care abuse and how it was handled. He explains how to look for it and the process of dealing with clients who possible are being taken advantage of. He also talks about when clients might be dealing with diminished mental capacity.Email Richard Oring for suggestions or you would like to be...2021-01-1125 minFinancial Matters with Richard OringCollege Life and Moving On To The WorkforceToday, we visit with Richard Oring's former intern (and nephew) Aaron Kravitz. Aaron is about to graduate a 5-year program at Penn State University with a bachelor's and masters degree in accounting.Not only did Aaron have to navigate the usual challenges of college life - time management, accountability, and budgeting - but he is also finishing his university career in the middle of a pandemic. This of course brings a new set of challenges.Classes are virtual with different preferences of different professors, and even the social life is very different on campus - f...2021-01-0729 min