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.

By Chris Wang |May 25, 2018 | Categories: 529 | 0 Comments

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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.

By Andrew Wang |May 22, 2018 | Categories: podcast | 0 Comments

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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.

By Chris Wang |May 18, 2018 | Categories: personal finance, saving money | 2 Comments

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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.

By Andrew Wang |May 15, 2018 | Categories: podcast | 0 Comments

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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.

By Chris Wang |May 14, 2018 | Categories: financial weather watch | 0 Comments

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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.

By Chris Wang |May 11, 2018 | Categories: tip of the week | 0 Comments

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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.

By Andrew Wang |May 08, 2018 | Categories: podcast | 0 Comments

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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!

By Chris Wang |May 04, 2018 | Categories: charity | 0 Comments

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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.

By Andrew Wang |May 01, 2018 | Categories: podcast | 0 Comments

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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.

By Chris Wang |April 25, 2018 | Categories: personal finance, financial literacy month | 0 Comments

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