Winning at Life with Gregory Ricks

The Weekly Wrap: 08.08.20


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Carol in Mobile has a series of issues to figure out, and she's getting conflicting information. First, she heard on our show that pension income isn't taxable at the state level in Alabama, and she believes she's been getting taxed on hers. She wants to convert some of her 401k into a Roth. She turned on Social Security at her Full Retirement Age, and continues to work. And she asks if she has to take Required Minimum Distributions from each IRA account, or can the whole amount be paid from one account?

How the Trump Executive Orders this week will affect the economy and your finances.

Gregory's statistics on stocks illustrates their dangerous nature.

Learn the rules for Social Security benefits for the divorced.

Carmen asks if the strategies for Social Security planning change if the woman makes the money and the husband stays home.

Ralph wants to know if his ex wife drawing a Social Security benefit off of his record will have any affect on him or his current wife.

Can you get a Disability check from her record and a Social Security check from an ex spouse's record at the same time? Jennifer in Slidell asks if she can get both benefits.

Sterling in Houma asks if he can collect spousal benefits on his deceased spouse's Social Security record even though she died 20 years ago?

Sandra in Picayune asks if getting remarried will affect her Social Security or Disability benefits.

Stewart in New Orleans asks if there is ever any Required Minimum Distribution on a Roth IRA or Roth 401k.

Sheila in Hattiesburg asks about her Social Security spousal situation considering there is a large age gap between her and her husband.

Jack in Baton Rouge is the blind woodworking retiree calling with an update on his financial situation.

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