Winning at Life with Gregory Ricks

The Daily Wrap: 12.04.18


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01:21 - Wow, the markets are all over the place! Stocks took a big dive today, but they were flying high last week after a month of getting crushed. Gas prices are dropping like a rock, and OPEC is taking a beating. Half of the economic news is great, the other half is a disaster. Gregory explains why the inverted yield curve on bonds is getting so much attention.

15:37 - Jennifer in Covington wants to convert some of her IRA money to a Roth IRA, and Gregory gives her the roadmap on how to get there. Gregory also explains some of the bigger reasons why you may prefer to do a Roth conversion.

24:39 - The discussion with Jennifer prompts Gregory to further explain the tax bracket management strategies on converting a traditional IRA to a Roth IRA, and how these tax considerations overlap with estate planning. Would you rather leave behind tax-infested funds to your heirs or not?

31:00 - Stocks usually get more attention, but the bond world is often a better predictor of what's coming up in the financial world. The lessons Gregory shares from the debt world are powerful tools in knowing how to position your money.

35:19 - The Numbers are red across all indices by at least 3%, and the only green stock on the short sheet is Tesla.

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