Financial Matters with Richard Oring

Today, Richard Oring and Jag break down the CARES Act - the Coronavirus Aid  Relief and Economic Security Act - and what it means for you.  We cover: Recovery Rebate Checks for Taxpayers Retirement Plan Withdrawals Retirement Plan Loans Required Minimum Distributions (RMD's) Changes to Charitable Donations Unemployment Benefits Resources: IRS Publication 972 Email Richard: ROring@ncfg.com New...

Richard Oring's phone has been ringing off the hook with calls from clients panicked over the coronavirus and what effects it will have on their investment accounts.  Today we cover some important things to remember. When you set up your portfolio, you start with goals and what you need to achieve to get there. Once you have the plan in place, stick to the plan instead of letting your emotion...

There are many mistakes that people make with their 401K accounts. Today we try to help you avoid those mistakes now instead of trying to fix them later. They mainly fall into three categories. Contribution Level Mistakes Not putting enough into your 401k Not putting anything into your 401k Not increasing your contributions over time Investment Mistakes Fund Selection Being too heavily invested in...

Nobody wants to think about their own mortality.  But careful planning can ensure that both your final wishes are granted as directed, and that your loved ones won't have added stress on top of their grief. Richard and Jag discuss the advantages of digital organizers in today's episode.  Many, such as Everplans, can help you create a final plan.  And you can set it up to give access to w...

In today's episode, we go inside your FICO score - first by explaining what it is, and the factors that go into calculating it. They are: 35% Payment History 30% Amounts Owed 15% Length of Credit History 10% Credit Mix 10% New Credit In addition to breaking down each of these categories, we will also cover what's changing in the newest FICO Score 9 version. This includes changes in how m...

What is success? For some, it means financial security.  But it really can be so much more than that. In today's episode, Richard and Jon discuss both the big picture, and how you can set yourself up for financial success. Learn more: New Century Financial Group Website Call Richard: 609-924-2049 x126

Expectations are crucial to any relationship, whether it's making them, meeting them, or exceeding them. This is true for your financial adviser, your accountant, and even you as the customer. Communication is key to setting reasonable expectations in any relationship. In our first episode, Richard Oring explains what to expect from your accountant and your adviser - and what they should expe...

Meet Richard Oring, of New Century Financial Group. Richard's unique background in taxes and accounting give him a unique 360 degree view of financial planning. Learn more: New Century Financial Group Website Call Richard: 609-924-2049 x126