Winning at Life with Gregory Ricks

The Weekly Wrap: 06.27.20


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We review Steve in Bogalusa who has a questions about his status with Social Security's retirement benefit, spousal rules, and disability help.

Are retroactive Social Security benefits on hold? Gregory has the report of some applications for Social Security retroactive benefits being denied.

The IRS confirms there's no Required Minimum Distribution for any IRA in 2020, including inherited IRAs.

John on the Northshore asks about the situation with the Required Minimum Distribution with his iherited IRA.

You have until July 15 this year to make an IRA contribution for 2019.

Dwayne Stein of Mortgage Gumbo joins us in reveiwing Brenda from Mandeville who is thinking about refinancing her home, because of lower rates.

Dwayne explains how seller-paid closing costs can happen.

Rick in Luling wants to get in the rental business, but not have to devote much time to it. Gregory and Dwayne agree he should think about getting multiple units and use a property manager.

Jonathan in Pontchatoula was laid off by the Coronavirus lockdown, and took a forebearance. Gregory and Dwayne talk him through his options.

John in Pascagoula asks Gregory about taking advantage of the extended deadline for 2019 IRA contributions, and maybe do a Roth conversion as well?

Is the Required Minimum Distributions on a DROP? Eddie in Slidell has a firefighters' DROP account, and asks Gregory if the waived RMDs for 2020 count for him.

Robert in Gautier wants to get the most out of Social Security using the spousal rules. Which work record gets turned on first?

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