Winning at Life with Gregory Ricks

The Weekly Wrap: 04.20.19


Listen Later

00:58 - Gregory and James do a brief summary of the major topics to be covered on today's show. Real Estate, reducing your tax bills, reverse mortgages, Social Security planning.

02:33 - A recent survey shows 42% of college graduates say their degree wasn't worth the cost.

12:42 - More Americans these days are enjoying an encore career in retirement. Sometimes it's for the money, sometimes it's for enjoyment, but it can cause a few negatives. An encore retirement can bump up your tax bracket, cause your medicare premiums to increase, be subjected to an earnings clawback from early Social Security, and other issues.

27:03 - Gregory's skeptical of a survey that claims a majority of American support Medicare for all. But when you ask them if they would support Medicare for all if it caused an increase in taxes or slower service, support collapses.

43:47 - Dwayne Stein of Mortgage Gumbo says the falling interest rates have given home purchases a bit of a boost, but overall this is turning into a buyer's market.

53:25 - If you want to learn more about Reverse Mortgages, Gregory Ricks and Dwayne Stein are presenting a Lunch and Learn teaching you about reverse mortgages and answering your questions.

1:14:15 - Calvin in New Orleans asks Gregory how to max out his Social Security benefits for the disabled.

1:16:18 - Dwayne Stein sees student loan debt causing big problems for some people trying to get into a mortgage.

1:30:31 - James saw a robot at a Walmart in Kenner taking inventory, and just like that: the robot era is upon us.

1:34:29 - Sharon in Picayune asks Gregory about starting Roth contributions.

1:36:59 - Carrie on the Northshore is thinking about stopping her 401k contributions, and diverting that money to paying off her mortgage before she retires. Gregory asks some follow up questions, and thinks getting rid of that monthly mortgage payment makes a huge difference on whether or not she can comfortably retire.

1:43:28 - Gregory shares some concerning stats on home repos, and shares some concerns about the sneaky comeback of subprime mortgages. What could possibly go wrong?

1:45:10 - Do stocks beat bonds? Gregory looks at some decisive data.

1:52:13 - Martha in Long Beach inherited part of an aunt's trust. How are you taxed on money from an inherited trust? Gregory explains some of the more common ways you can receive assets from a trust, and how they may be exposed to the tax man.

http://www.WinningAtLife.com
...more
View all episodesView all episodes
Download on the App Store

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