Winning at Life with Gregory Ricks

Episode 1068: The Weekly Wrap: 12.12.20


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Learn 8 year-end tax tips to save money.

Is college a bad investment? Gregory has some words of caution before going into debt to get a degree.

Gregory shows your ways to keep you Social Security income at a lower tax rate.

Will in River Ridge took some big stock losses last year. Can he write off the losses anyway other than the $3,000-per-year carry forward? Jude Heath, CPA joins the show and says he can write off more against current capital gains income.

Jack in Metairie asks Gregory Ricks and Jude Heath about washing some of the capital gains from the sale of a rental property against his capital losses in the stock market.

Al in River Ridge goes deep in the weeds with Gregory and Jude about keeping up with an inter-generational stock's cost basis.

Taxes are probably going up. You may as well be prepared.

Cindy in Biloxi sold some stocks for a loss in her 457b plan. Does she have to report that loss on her taxes now, or will that be settled up when she starts taking money out?

Susan in Metairie asks if she should skip her Required Minimum Distribution for 2020.

Jocelyn in River Ridge asks what's the total cap on annual contributions you could make to an IRA, 401k, and Roth IRA combined.

Pat in Slidell wants to know what's her best options for Spousal Social Security benefits.

Carl in Moss Points asks how his spouse's benefits based on his Social Security Disability record will be figured.

Gregory gives you a deeper discussion on the 8 year-end tax tips to save money.

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