Winning at Life with Gregory Ricks

The Daily Wrap: 06.28.18


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02:01 - Is your personality type more likely to be financially scammed? Gregory and James are surprised by a report that outlines the type of person that is most likely to be caught up in a financial scam.

13:36 - Gregory quizzes you on transactions that are prohibited under IRA rules.

18:29 - Clifford in Biloxi asks Gregory about how the taxes are figured for an empty piece of property he's about to sell.

24:05 - The next Gregory Ricks Live is coming up Tuesday, July 10th, 6:30pm. Come find out more about Gregory Ricks and what he can do for you.

27:45 Gregory describes how he has seen people get caught up in prohibited transactions with their IRAs. If the IRS catches one wrong move, they could blow up the IRA. When it loses its tax status it becomes like a giant lump of taxable income, and maybe even some penalties.

37:08 - Because you have full ownership and control of your IRA, you are considered a fidu

38:02 - Kelvin from Kiln needs Gregory's thoughts on how his brother should pass along his property. Should he use a trust, or is a will enough? Should he try and pass ownership to his heirs now, or handle that through estate planning?

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