Winning at Life with Gregory Ricks

The Daily Wrap: 07.06.18


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01:24 - The markets didn't seem to mind some of the bad news coming out of China and North Korea lately, which is a good sign our economy is robust enough to handle a little turbulence.

06:25 - Gregory previews some of the information that will be covered at the next Gregory Ricks Live: income planning, creating tax free income, Social Security Strategies, and estate planning.

09:21 - Are you interested in investing in Real Estate? Gregory deals with people who want to get into real estate to make some money, and shares some of the more common mistakes he sees. Buying real estate inside of you IRA can go horribly wrong if you mess it up.

14:55 - Gregory shares some additional insights on complications that can arise when buying real estate with an IRA.

21:45 - Michelle in Mandevilles asks Gregory Ricks if Social Security has any limits or penalties on outside income after full retirement age. Once you're at FRA, there is no clawbacks provisions nor penalties. The only thing that could cut into your Social Security check after FRA is taxes.

37:49 - If you can start getting Social Security checks at age 62, why would you wait to turn it on?

42:14 - Chris from Kenner is about to graduate college, and start saving through his employer plan. Should he be contributing to the regular 401k, or the Roth 401k? Gregory shows how the math tends to skew toward getting into a Roth account when you're younger.

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