Episodes

With June here, Richard Oring of New Century Financial Group joins Jon Gay to take stock of where we are, almost halfway through the year.Things we've learned to live without in 2020Food and Medical SuppliesSocial Justice and Social UnrestFinancial IssuesInterest - the difference between lending and borrowingLow rates and refinance optionsDon't be afraid to take advantage of governmental programs like PPPDon't be afraid to ask lenders for a break.Email Richard: ROring@ncfg.comNe...

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 TaxpayersRetirement Plan WithdrawalsRetirement Plan LoansRequired Minimum Distributions (RMD's)Changes to Charitable DonationsUnemployment BenefitsResources:IRS Publication 972Email Richard: ROring@ncfg.comNew Century Financial Group WebsiteCall Richard: 609-924-2049 x126

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 emotions get the best of you. One of the most challenging parts of Richard's job is managing client expe...

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 MistakesNot putting enough into your 401kNot putting anything into your 401kNot increasing your contributions over timeInvestment MistakesFund SelectionBeing too heavily invested in Company stockPanic when the market dropsNot reallocating or rebalancingMiscellaneous Mis...

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 who you want, when you want.At the end of today's episode, Richard makes a very generous offer to anyone listen...

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 History30% Amounts Owed15% Length of Credit History10% Credit Mix10% New CreditIn 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 medical debt and rent payments are counted.Finally, Richard provides some key tips on how to monitor yo...

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 WebsiteCall 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 expect from you.Learn more:New Century Financial Group WebsiteCall Richard: 609-924-2049 x126

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 WebsiteCall Richard: 609-924-2049 x126