21 episodes

Richard Oring from New Century Financial Group in Princeton, New Jersey talks about all things finance. Richard's unique background with taxes and accounting gives him a unique perspective on financial planning, and how tied taxes are to it.

Financial Matters with Richard Oring Richard Oring

    • Business
    • 5.0 • 12 Ratings

Richard Oring from New Century Financial Group in Princeton, New Jersey talks about all things finance. Richard's unique background with taxes and accounting gives him a unique perspective on financial planning, and how tied taxes are to it.

    What You Need to Know About Bonds

    What You Need to Know About Bonds

    Investing 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 securities.  Typically, they are offered in $1,000 increments.

    Rich explains the different terms related to bonds, including coupon rate, maturity, yield to maturity, callable, yield to call, yield to worst, duration, discount, and premium.

    We also cover the different risks involved with bonds - interest rate risk, reinvestment risk, default risk, and more.

    Mentioned in this epsiode: https://treasurydirect.gov/

    To talk to Rich about bonds or anything related to your financial future, reach him at (609) 924-2049, extension 126,  go online to https://ncfg.com/, or send Rich an email.  ROring@ncfg.com.

    • 21 min
    Using a Loan for Home Renovations

    Using a Loan for Home Renovations

    There 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 IRS publication 936, which deals with home mortgage interest deduction.  You can view that here: https://www.irs.gov/forms-pubs/about-publication-936.

    United States Veterans have a number of options available to them through the VA - with much more flexibility than civilians have access to.  Bobby, Rich, and Jag explain that.

    There are many types of loans out there, including VA, FHA, Convention, Nonconforming, and more.    And there are also many ways, with the advent of technology, to get your loan. Depending on your preference, you can coordinate over the phone, text, or online.

    Contact Bobby via cell or text: (908) 295-8609

    Contact Richard Oring at New Century Financial Group:
    609-924-2049, extension 126, or by email at ROring@ncfg.com
    Website: https://ncfg.com/

    • 28 min
    Importance of Collaboration between your CPA and Financial Advisor

    Importance of Collaboration between your CPA and Financial Advisor

    As 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 about money when they were younger. School is in session.

    • 49 min
    Addressing Financial Literacy in the Black Community

    Addressing Financial Literacy in the Black Community

    Today, 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 give back to the less fortunate.  In fact, Rich cites a video about the importance of giving, as part of Home Depot's onboarding process. (and not being recognized for it).  You can see that video here: https://vimeo.com/146029996

    Xavier discusses financial literacy - conversations that he's having with all clients, regardless of race or ethnic background.   This includes the importance of having an emergency fund, the power of home ownership, and the need to make sure your credit report is accurate.

    If you'd like to connect with Rich in New Jersey, or Xavier in Louisiana, feel free to reach out.
    Xavier@plan-wisely.com
    ROring@ncfg.com
    Or call 609-924-2049 - Xavier at extension 505 or Rich at extension 126

    • 24 min
    Financial Planning Is For Everyone

    Financial Planning Is For Everyone

    January 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, and advanced planning.  Chances are, there's a plan that's right for you.

    To contact Rich at New Century Financial Group:
    www.ncfg.com
    Or call: 609-924-2049 x126

    • 20 min
    Life Insurance Explained

    Life Insurance Explained

    Life 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 Cash ValueFinally, we talk about the important aspects of selecting life insurance, medical underwriting, and the importance of being educated before making a decision.

    For help with this or any aspect of your financial future, reach out to Rich at New Century Financial Group:
    Phone: (609) 924-2049, extension 126
    Website: www.ncfg.com
    Email: roring@ncfg.com

    • 34 min

Customer Reviews

5.0 out of 5
12 Ratings

12 Ratings

DDI-DaveG ,

Awesome

My wife and I have made it a priority to listen every time we hear a new episode. Please keep posting new ones.

Air dude900 ,

Informative

Terrific and timely podcast.

eg131 ,

Credible information

I like that Rich is a licensed advisor who is active working with clients. I feel like this makes him credible to speak on all these financial topics. I am looking forward to future episodes.

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