Winning at Life with Gregory Ricks

The Daily Wrap: 08.05.20


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If you max out your Social Security, does that mean the spousal benefit will be bigger, too? Joe texts in his question from the Winning at Life App.

The Numbers are good, with the NASDAQ clocking another record high, and settling just below 11K. Walmart takes a hit as they announce another delay for Walmart+.

Carol in Mobile has a series of issues to figure out, and she's getting conflicting information. First, she heard on our show that pension income isn't taxable at the state level in Alabama, and she believes she's been getting taxed on hers. She wants to convert some of her 401k into a Roth. She turned on Social Security at her Full Retirement Age, and continues to work. And she asks if she has to take Required Minimum Distributions from each IRA account, or can the whole amount be paid from one account?

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