Winning at Life with Gregory Ricks

Episode 1063: The Weekly Wrap: 12.05.20


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Gregory shares his experience on this week's business trip, where airports are not quite back to normal, but getting better. The Job Report shows the Unemployment Rate dropped less than expected, and the contrast between states is stark.

Kudlow audio clips give us a good idea what legislation could affect your money in the short session ending this week. The current spending bill expires this week, possible coronavirus stimulus, and liability protections are all on the table.

What are your Social Security options if you're self employed, but your spouse is a regular employee? Dana in Slidell asks about her spousal options.

Neville on the Causeway asks if there's some type of fund for distressed stocks. Gregory hasn't seen an ETF or Mutual Fund labeled as such, but there are sector-specific funds that can acheive a similar result.

Wes Blanchard, the Estate Planning Attorney of the Total Wealth Authority, is seeing a lot of contested successions, and one of the common culprits is a hand written will. If you absolutely insist on doing it yourself, avoid a few common mistakes that could ruin your hand written will.

Paul in Ocean Springs has a CD that's up for renewal, but the interest rate is so low, he wants to put it somewhere he can get a higher yield.

Wayne in Slidell asks Gregory's thoughts on following the trades of CEOs

Bert in Ocean Springs wants to know the rules on how Capital Gains taxes work on a short term stock gain.

Doug in Mandeville is on Disability, and is thinking of getting a rental property. Would rental income affect his eligibility for Disability?

Bill in Slidell asks how the timeline works on Roth IRA conversions.

Robert in Thibodaux is interested in buying a $3 stock for a startup with some new technological breakthrough. He believes this company is about to take off.

May in Lacombe is concerned about her taxes going up under a new president, and asks about the proposed changes in the step-up basis on capital gains.

Mike in Convent turned on his Social Security retirement benefit after his full retirement age, and is upset his Medicare premiums are biting into his Social Security check.

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Winning at Life with Gregory RicksBy Winning at Life with Gregory Ricks