Winning at Life with Gregory Ricks

The Weekly Wrap: 06.15.19


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00:59 - Tax cheats in the news are a good reminder that you should do everything you can do to keep your tax bill as low as possible, but DON'T BREAK THE LAW. Many of these stories involve the self-employed, because their tax compliance isn't as simple as a those who are a W2 employee.

04:47 - The attacks on oil tankers in the Straight of Hormuz have some folks pointing fingers at Iran, but the oil markets don't really seem to be phased by it.

14:32 - This week saw a great turnout for the Lunch and Learn event on Reverse Mortgages hosted by Dwayne Stein of MortgageGumbo.com. There was also a Wine, Wisdom, and Food event hosted by Gregory Ricks this week, and Gregory gives us a recap of what went down.

23:11 - This week marks the 9th anniversary of Winning at Life with Gregory Ricks. We revisit some classic calls and segments from years past to show how solid financial advice can be timeless.

34:26 - A proposal to pay off $50k of student loan debt for anyone in a household making under $100k a year has so many obvious problems, it's amazingly disappointing that anyone would support this.

44:30 - Jude Heath CPA helps us discuss how those who are W2 employees can be more tax efficient.

55:43 - Matthew in Bush asks if he can delay paying his payroll taxes until the end of the year, and invest that money in the meantime. Gregory explains why a W2 employee probably can't, and a self-employed person probably doesn't want to, either.

1:06:18 - What to do if you lose your tax breaks. Brian in Metairie has been reclassified from a 1099 contractor to an employee, thus losing a big chunk of tax write offs.

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