Shows
Financial 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 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 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 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 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 minFinancial Matters with Richard OringThe Psychology of MoneySome people are savers, and others are spenders. Today, we break down the psychology of money. Joining Richard Oring are certified financial planner Erik Garcia and clinical psychologist Matt Morris, hosts of their own podcast, Building Us.We start by looking at different types of couples - pairs of savers, pairs of spenders, and one of each - and we tell you which pairing often changes...quickly.Matt, Erik, and Rich break down the psychology behind what makes some people spenders and other savers. Sometimes this is a product of upbringing, and this is often a s...2020-12-2136 minFinancial Matters with Richard OringThe Psychology of MoneySome people are savers, and others are spenders. Today, we break down the psychology of money. Joining Richard Oring are certified financial planner Erik Garcia and clinical psychologist Matt Morris, hosts of their own podcast, Building Us.We start by looking at different types of couples - pairs of savers, pairs of spenders, and one of each - and we tell you which pairing often changes...quickly.Matt, Erik, and Rich break down the psychology behind what makes some people spenders and other savers. Sometimes this is a product of upbringing, and this is often a s...2020-12-2136 min