Winning at Life with Gregory Ricks

The Daily Wrap: 08.21.19


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00:40 - Last night's Wine, Wisdom, and Food event was a hit, and there was a strong interest in both Social Security scenarios, and Gregory's 50-50-50-50 rule of investing.

03:54 - After saying earlier this week that they were looking at tax cuts including indexing capital gains for inflation, Trump says they aren't looking at tax cuts and not in favor of indexing capital gains for inflation.

12:20 - Scientific breakthroughs in testing make predicting death much more accurate. Having a shorter time horizon has a huge effect on your financial planning, and more accurate actuarial tables can really smooth out bumps in the insurance industry.

20:30 - Gregory helped a young couple understand how the wife's Social Security benefit will be affected by the Windfall Elimination Provision if she decides to continue in her current position.

29:24 - Does my Windfall Elimination Provision affect my spouse's ability to draw on my Social Security record? Ray in Metairie is on Social Security disability, and his wife's Social Security will be hit by the Windfall Elimination Provision because she'll be getting a pension from a job that didn't withhold Social Security taxes.

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