3 tips to turbo charge your 529 plan #529Day

 

May 29th has been nationally recognized as 529 College Savings Day, a way to raise awareness for the importance of saving early for college. My guess is that 99% of people have never heard of 529 Day so you are now ahead of the pack. The bigger problem is that more than two-thirds of investors don't know what 529 plans can do. Only 32 percent of people could correctly identify a 529 plan as an option for saving for college expenses, according to a survey by Edward Jones. That is a depressing number when you consider that 529 plans offer many tax benefits that help your investments grow over time. The biggest advantage is that investment earnings aren't subject to capital gains tax when used for qualified education expenses. Furthermore, 33 states and the District of Columbia sweeten the deal by giving residents a tax break if they invest in their state's 529 plan.

IM 040: Lessons from a Broadway Entrepreneur | Ken Davenport

Tony-Award winning Broadway producer, Ken Davenport explains how to invest in theater productions and other valuable lessons he's learned along the way.

How to get your Amazon Prime membership for free

This month, Amazon raised prices on Prime subscriptions by $20 from $99 per year to $119. Some people aren't happy with a 20% increase which sounds like a lot but $20 isn't much in today's world -- probably the equivalent of a weekend dinner out. Because of the change, a friend of mine of Facebook asked, "Is it even worth it?" My answer is a pretty emphatic yes, especially when the Prime membership can effectively become free.

IM 039: Financial Therapy for your Brain | Kiné Corder

Financial psychotherapist, Kiné Corder shares how she helps people, especially couples, improve their money mentalities, marriage missions, and happiness.

Fundamentals matter: the bull market grinds higher

After the historic low volatility seen in 2017, the first four months of 2018 have felt especially turbulent even though the market has largely moved sideways. The 24 hour news cycle has been louder and gives negative news more amplification. Worries this year have focused on the potential of trade war with China, rising inflation and interest rate hikes. While these are certainly legitimate concerns, we suggest to our clients and readers that you often need to turn off the news and simply focus on the fundamentals. The good news is that fundamentals from US corporations are still improving and point to a bull market that should continue to grind higher for the rest of the year.

3 tips to stop annoying and fraudulent robocalls

Spam phone calls have been a nuisance for years, but over the last several months, it seems like there's been a surge of them on our cell phones. Just yesterday, the FCC imposed a record fine of $120 million on a Florida man who is accused of placing nearly 100 million robocalls during a brief 3 month period as part of a "telemarketing scheme." Robocallers have made their calls even more deceptive by masking their spam with local, genuine looking phone numbers. Last year, the FCC voted on a rule that allows phone companies to block robocallers who use fake caller ID numbers to conceal their actual identities. So far, this has proved ineffective and Ajit Pai, the FCC Chairman, says that an estimated 2.4 billion robocalls are placed to Americans each month.

IM 038: Market Research, Millennials, and Finances | Barbara Leflein

The financial sector is going through massive change as consumers adopt new behaviors like peer-to-peer payments, digital banks, and cryptocurrencies. We talk big data, millennials, and finances with Barbara Leflein, founder and president of her own market research and analytics firm.

Runnymede proudly sponsors the March for Babies

Every newborn baby should enter this world healthy. The March of Dimes is dedicated to doing their best to make sure that happens. That's why Runnymede Capital Management proudly served as a corporate sponsor of March of Dimes' March for Babies.

Runnymede's Director of Research Chris Wang was honored to serve as the Chair for the Morris County walk for the 2nd consecutive year. The festivities took place at the County College of Morris in Randolph, NJ on April 29th. We walked with hundreds of other families in the community event to raised over $180,000. The Runnymede team raised $8,888!

IM 037: Passion, Purpose, and Building The Financial Gym | Shannon McLay

From financial advisor to "accidental entrepreneur," Shannon McLay went all-in to launch The Financial Gym with a goal of making financial fitness fun and attainable for everyone. Learn how she has found passion, purpose, and happiness.

5 ways to achieve your financial fitness goals #FinHealthMatters

This is my 3rd article for #FinancialLiteracyMonth (Using cash over credit is costing you tens of thousands of dollars and Tips and tricks to teach your children about money) and today I'm inspired by the financial bloggers writing about why financial health is important, especially for students. Virtually all students understand physical health as they want to look good so they can get a hot date. Unfortunately, financial education is almost entirely ignored in high school or college.

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Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Runnymede Capital Management, Inc.-"Runnymede"), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Runnymede.  Please remember that if you are a Runnymede client, it remains your responsibility to advise Runnymede, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Runnymede is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Runnymede's current written disclosure Brochure discussing our advisory services and fees is available for review upon request. Please Note: Runnymede does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Runnymede's web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.