Winning at Life with Gregory Ricks

The Daily Wrap: 08.07.18


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01:14 - What the heck happened with Tesla stock today? Elon Musk tweeted about taking Tesla private, the stock trading was halted, and then it was resumed for the last 15 minutes of the trading day. Something doesn't seem right about this whole situation, and there's a chance this may end up being huge news down the road.

16:29 - Gregory and James preview an upcoming show topic on 20 things rich people do that poor people do not. Gregory is an early riser, and given our time zone, there's advantages to getting your day started early. When we're waking up, Europe is halfway through their day. Scheduling is something you need to master to be as productive as possible.

25:31 - Gregory helps a guy find his place on the financial path. He wants to retire at 61, and needs to generate income from assets to fill the gap until Social Security kicks in at FRA.

27:47 - James in New Orleans is maxing out his 401k and still has extra money to invest at the end of the month. What are some of his other investing options for retirement?

35:39 - The Social Security tax brackets were set in 1993, and hasn't been indexed for inflation. Most people drawing an income from assets in retirement will cause their Social Security benefits to have some tax exposure, but tax free income could save you thousands by staying off the 1040.

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